AdvantEdge Healthcare Solutions Revenue Jumps 40% to $40M in 2011

AdvantEdge Healthcare Solutions’ revenue increased 40 percent in 2011 to approximately $40 million, according to a Market Watch report.

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AdvantEdge Healthcare Solutions provides medical billing and practice management services for physicians, ambulatory surgery centers and other healthcare providers. AHS collects financial information and speeds reimbursement of third-party claims and patient payments, helping physicians and centers to maximize revenue and decrease billing costs.

The company has completed five acquisitions since mid-2009. The U.S. market opportunity exceeds $4 billion annually, with fewer than 20 percent of physician practices outsourcing billing and practice management, according to the report.

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