Company intelligence / Profile preview

Promedical

Lexington, Massachusetts, United States

Ownership: Private
Employees: ~250
Development stage: Other

Overview

ProMedical is a healthcare revenue cycle management (RCM) company that specializes in the recovery of complex claims, including Workers' Compensation and Motor Vehicle Accident (MVA) billing. The company provides technology-enabled services and deep legal expertise to help hospitals and health systems navigate the administrative and regulatory hurdles of non-traditional insurance payers. By streamlining the reimbursement process for complex claims, ProMedical helps healthcare providers improve their financial performance and reduce administrative burdens. In July 2023, ProMedical was acquired by Waystar, a prominent healthcare payment technology provider, to enhance its complex claims capabilities.

Industry: Biomedical IT and Biomedical Data Platforms

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