Jul 12 2010
MD On-Line, Inc., a proven leader in enabling interoperable EDI transactions between healthcare insurance companies and healthcare providers, today announced that it has entered into a Customer Transfer and Acquisition Agreement with Connecticut-based Transaction Methods, Inc. (TMI) to handle claims processing transactions for the Company's sizeable provider community. In assigning its customers to MD On-Line, TMI is exiting the claims transaction business and will continue to concentrate on data processing, transformation and collection services for its customers. The transition to MD On-Line will begin immediately.
Commenting on this decision, TMI President G. Allen DeGraw stated, "As one of the fastest growing and most respected claims processing companies, we believe MD On-Line is the company best qualified to handle our clients' current and evolving processing needs."
MD On-Line President and CEO Bill Bartzak shared that MD On-Line and TMI have collaborated on business before and expressed his appreciation for the assignment of these accounts. "It is gratifying when a colleague demonstrates that level of respect for what we are doing with our customers," he said. "We look forward to welcoming the TMI customers into the MD On-Line family and providing them with the same service that has built loyalty with over 40,000 providers across the country."
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