Automated healthcare billing developer MediStreams raising $2M

MediStreams, a developer of revenue cycle management solutions for healthcare providers, is in the process raising $2 million through the sale of equity, according to a filing with the SEC. The Atlanta-based based company, started in 2009 and led by CEO James Coyle, aims to help providers capture the most revenue possible, using payment automation […]

MediStreams, a developer of revenue cycle management solutions for healthcare providers, is in the process raising $2 million through the sale of equity, according to a filing with the SEC.

The Atlanta-based based company, started in 2009 and led by CEO James Coyle, aims to help providers capture the most revenue possible, using payment automation tools.

“Each of our modules has been designed to reduce cost, increase efficiency and maintain compliance with all associated regulatory agencies,” the company says. It does so by automating the payments for medical practices, eliminating burdensome paper work and thereby increasing efficiency.

More than 250 practices of various sizes have adopted MediStreams’ technology, the company said. The company has revenues between $1 mill and $5 million, according to the Form D filing.