ImagineSoftware Acquires RCM Software Company ProviderAlly

Charlotte, N.C. | March 12, 2019 -- Leading Revenue Cycle Management SaaS Platform ImagineSoftware announced today the acquisition of ProviderAlly, a provider of payment reconciliation services and related capabilities to the healthcare RCM space.  The addition of ProviderAlly adds a powerful technology to ImagineSoftware’s strong existing service offering and will further help clients optimize billing and collections workstreams.  The transaction marks ImagineSoftware’s first acquisition since partnering with Mountaingate Capital in April 2018.

ProviderAlly provides a compelling and comprehensive financial data picture in the healthcare industry, bridging the divide between banking and practice management systems and allowing clients to understand payments in their organization while validating every dollar to the deposited funds.

"We are very excited to welcome ProviderAlly into the Imagine family,” said Sam Khashman, CEO of ImagineSoftware.  “Wayne [Koch, CEO of ProviderAlly], is an accomplished technologist in the revenue cycle management space and brings invaluable experience to our leadership team.  We have tremendous conviction around our ability to leverage our combined capabilities and provide our customers an even better solution.”

ImagineSoftware's mission is to provide industry-leading billing automation software and revenue cycle management applications.  With ProviderAlly joining the platform, the combined entity can offer its suite of products and services to an expansive list of clients.  Both companies take pride in being at the forefront of industry innovation to help clients improve financial efficiency.

"By joining forces with Imagine, we gain vast industry experience and rapid scalability that will enable us to meet our clients’ evolving needs and continue to grow,” said Wayne Koch.  “We are excited about our partnership and the many opportunities that we can now pursue.”

ImagineSoftware
ImagineSoftware is the leading provider of medical billing automation software and revenue cycle management applications.  Offering powerful technology solutions for medical billing offices, practices, and hospitals, ImagineSoftware currently serves more than 46,000 physicians.  ImagineSoftware solutions improve financial efficiency, build provider reputation, and ultimately improve the patient experience.  For more information, visit www.imagineteam.com and follow us on Twitter @ImagineTeam.

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Elizabeth Suppa
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