Medline to Strengthen Managed Care Expertise by Acquiring Home Medical Equipment Billing Leader PFS
Unique 20-year partnership furthers Medline’s commitment to investing in technology and business processes in a fast-growing market
January 10, 2017
Medline, a global manufacturer and distributor of medical supplies and clinical solutions, announced that it has acquired PFS, a privately held, family owned company based in Mount Vernon, Ill., that specializes in medical billing. The agreement is a natural progression of the longstanding partnership between the two companies and enables Medline to expand its capabilities to accommodate exponential growth in the managed care market.
“In many ways, the long-standing relationship between Medline and PFS will allow two strong partners to work even more closely together,” says Mike Lee, president of the homecare sales division at Medline. “Combining the two companies allows us to work with the same technology platforms, exchange information more effectively, and ultimately lead to a better experience for our customers.“ The agreement will make the customer experience more consumer-oriented and bring greater efficiencies to the revenue cycle management process, he added.
“This agreement further strengthens our employees’ ability to provide excellent customer service and high quality technology platforms,” says Melissa R. Harris, PFS president and chief executive officer. “As two family owned businesses, we share the same values of integrity, reliability, excellence and quality – making this newly combined entity unbeatable.”
Medline is a global manufacturer and distributor serving the healthcare industry with medical supplies and clinical solutions that help customers achieve both clinical and financial success. Headquartered in Northfield, Ill., the company offers 350,000+ medical devices and support services through more than 1,200 direct sales representatives who are dedicated points of contact for customers across the continuum of care. For more information on Medline, go to www.medline.com or http://www.medline.com/social-media to connect with Medline on its social media channels.
PFS is a recognized leader in providing customized reimbursement management services for healthcare providers and suppliers. Established in 1985, the company offers services for home medical equipment and medical billing, medical practices, infusion therapy companies, and skilled nursing facilities throughout the U.S.