MedAct Software Announces Record-Setting Growth

MedAct Software, a provider of integrated business solutions for HME/DME companies, has reported record-setting growth thus far in 2012.

Officials with MedAct Software said that the company has continued its growth from the previous year with double digit increases in revenue. In the last three months, top-line revenue increased more than 33 percent.

Company officials pointed out that the company also has added a significant number of new providers, as well as increased software sales and services, to its existing roster of 700+ providers.

“Our ability to sustain organic growth reflects the needs of our expanding customer base who seek powerful solutions to help strengthen their bottom line,” said Gregg Timmons, president and CEO of MedAct, in a statement.

“As volumes increase and margins decrease, productivity and efficiency are paramount for our customers. MedAct’s innovations have consistently proven to improve profitability, as well as compliance, which can mitigate the threat of expensive audits. These are the primary factors enabling strong customer retention and successful business development efforts,” said Timmons.

 He said that MedAct is profitable, debt free and has a decided advantage in the marketplace, as the company is not at the mercy of short-term Wall Street venture capitalists seeking a swift exit.

“The company has been in the HME/DME market for more than 25 years and is still owned by our founders, which provides us with a unique perspective when working with our customers. To that end, we are deeply committed to reinvesting in our technology and talented people to constantly improve our offerings, “said Timmons.

 Back in December, MedAct Software had announced the release of MedAct 6.0, a new software version that is 5010 approved.

MedAct 6.0 allows customers to make the 5010 transition when it is most convenient for them and provides enhancements to streamline the claims submission process.