ALN Medical Management
Revenue cycle management and IT for physicians.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| N/A | $3.7m | Early VC | |
| Total Funding | 000k | ||
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ALN Medical Management is a revenue cycle management (RCM) and information technology firm that serves the financial and technology needs of physician practices. Founded in 2000 by Tim Coan and Tim Griffin, the company aims to optimize billing, ensure accurate claim submissions, and maximize reimbursements to enhance the financial and operational health of medical practices. Coan serves as the company's CEO, while Griffin is the President and COO.
The company's core business revolves around providing outsourced RCM services to help physicians remain independent. This includes handling medical billing, collections, coding, denial management, and reporting for Physician Quality Reporting Systems (PQRS). ALN Medical Management serves a diverse client base of over 500 physicians in 15 states, ranging from solo practitioners to large specialty groups. Its business model is based on charging a set fee to process a claim, making accuracy and efficiency critical for its own profitability. In January 2023, ALN was acquired by Health Prime International. As part of Health Prime, the company now supports over 800 clients and 6,000 physicians.
Over the years, ALN has grown through acquisitions, including Nexus Healthcare Solutions in 2020. The company has also focused on integrating technology, such as automation and bots, to improve efficiency and maintain compliance with federal healthcare regulations like HIPAA. Despite its focus on security, the company reported a significant data breach in March 2024 that compromised the personal and medical information of over 1.8 million individuals, leading to multiple class-action lawsuits.
Keywords: revenue cycle management, medical billing services, physician practice management, healthcare financial services, medical coding, claims processing, denial management, healthcare IT solutions, EMR customization, PQRS reporting, healthcare compliance, medical collections, physician financial services, practice efficiency, healthcare administration, independent physician support