VMG Health Acquires Compliance Risk Analyzer from DoctorsManagement
Gracie Gottlieb | 16 January, 2024
VMG Health, a leading healthcare compliance, strategy, and transaction advisory firm, has announced its acquisition of Compliance Risk Analyzer (CRA) from DoctorsManagement. The acquisition of CRA, a suite of software-based auditing and predictive analytics tools, will further enhance VMG Health's ability to help healthcare organizations improve coding compliance and minimize the risk of recoupments and penalties.
Greg Koonsman, Founder and CEO of VMG Health, expressed his excitement about the addition of the CRA team, stating that addressing recoupments is costly and time-consuming. The CRA technology will enable VMG Health's clients to proactively identify and tackle potential areas of risk, thus ensuring the firm can meet the ever-changing needs of its clients.
The suite of tools offered by CRA supports risk-based auditing by analyzing billing and coding patterns in healthcare organizations. This comprehensive solution provides clients with the means to assess risk in both outpatient and inpatient billing, facilitating the development and implementation of effective compliance programs tailored to their specific needs.
Frank Cohen, Founder of CRA, emphasized the positive and transformative partnership between DoctorsManagement and CRA during the initial build of the platform. Cohen believes that VMG Health is the ideal partner to help expand the reach of CRA and accelerate product development, ultimately delivering greater value to clients.
VMG Health, with its extensive expertise in billing and coding audits, training, and compliance program development, is well-positioned to support the ongoing success of the CRA technology. By combining VMG Health's industry knowledge with the cutting-edge tools provided by CRA, clients can benefit from an integrated approach to healthcare compliance.
About VMG Health:
VMG Health is a recognized leader in healthcare compliance, strategy, and transaction advisory services. For over 25 years, VMG Health has been dedicated to delivering thought leadership and tailored solutions to clients across various healthcare organizations, facilities, and compensation arrangements. With offices in major cities across the United States, including Chicago, Dallas, and New York, VMG Health provides clients with the expertise they can rely on.
For more information, please visit [vmghealth.com](https://vmghealth.com).
About Northlane Capital Partners:
Northlane Capital Partners (NCP) is a middle-market private equity firm based in Bethesda, MD. With a focus on the healthcare and business services sectors, NCP's principals have invested over $1.6 billion of equity capital. NCP's strategy involves partnering with industry-leading companies and exceptional management teams, aligning incentives to drive growth and create value.
For more information, please visit [www.northlanecapital.com](https://www.northlanecapital.com).
In conclusion, the acquisition of Compliance Risk Analyzer (CRA) by VMG Health marks a significant development in the company's ability to assist healthcare organizations in enhancing coding compliance and minimizing the risk of recoupments and penalties. With the integration of CRA's software-based auditing and predictive analytics tools into VMG Health's existing expertise, clients can expect comprehensive solutions and tailored compliance programs to meet their specific needs. This collaboration between VMG Health and CRA holds great promise for the future of healthcare compliance and risk management.
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