Acquisition of Blackmaple Group’s payment integrity business furthers MRA reimbursement optimization leadership
Medical Reimbursements of America (MRA), a leading provider of reimbursement optimization services for hospitals and health systems, today announced it has completed the acquisition of Blackmaple Provider Recovery Group, LLC, a leading provider of payment integrity auditing and underpayment recovery services. For the Blackmaple Group (BMG), the sale of its payment integrity business allows the company to focus on its core businesses, providing Advisory Services and Group Purchasing Solutions to a wide range of physician group and industry clients.
“The addition of payment integrity auditing and underpayment recovery provides MRA customer with a perfect complement to AcciClaim™, MRA’s reimbursement optimization solution for accident claims,” said Bobby Rolfe, MRA CEO. “This acquisition furthers our goal of becoming the nation’s leading provider of reimbursement optimization services for hospitals and health systems.”
“BMG has been growing exponentially,” said Jeff Gold, Founder and Managing Partner, Blackmaple Group. “The time is right to focus our efforts on our consulting and group purchasing businesses, with the knowledge that our underpayment recovery business is positioned to thrive as part of MRA.”
Blackmaple Provider Recovery Group, LLC (BMPRG) provides payment integrity and underpayment recovery services delivered through proprietary technology and an expert team of analysts, auditors ,and appeals professionals led by industry veteran, Lawrence Rosenberg. Prior to co-founding BMPRG in 2010, Rosenberg was EVP and COO for HealthDataInsights, where he was intimately involved with the CMS Recovery Audit Contractor (RAC) pilot program, and later managed operations for the highest performing CMS Recovery Audit program (Region D). He is now leveraging the knowledge gained from his overpayment recovery experience to help providers identify and recover underpayments from Medicare, Medicaid, and Managed Care payers.
“For 18 years, the people I have worked with helped Managed Care and Government payers identify and recoup overpayments caused by the anomalies in today’s highly complex claims payment systems. In 2010, I decided to use my expertise to build a company focused on identifying the opposite anomalies– the underpayments – caused by these same claims payment systems. After 4 years of development, we are now in position to accelerate growth and help hospitals nationwide identify and recoup additional revenue from claims that are underpaid. Our entire team is excited to join forces with MRA to build a national platform by combining our knowledge and expertise with the extensive resources of MRA.”
Medical Reimbursements of America (MRA) provides specialty reimbursement solutions that identify and recover additional revenue for hospitals and health systems nationwide. MRA’s AccClaim™ solution, led by the industry’s leading team of specialized attorneys, revenue cycle experts and account resolution specialists, delivers new revenue, improved patient satisfaction, and guaranteed billing compliance to the motor vehicle and work comp recover industry. MRA Integrity™ provides underpayment identification and recovery services from closed Medicare and Managed Care claims.. Founded in 1999 and based in Franklin, Tennessee, MRA continues to serve as the definitive source for specialty reimbursement services for more than 500 hospitals and health systems nationwide.