MedLink International Enters into Letter of Intent to Acquire CNI Medical Coding & Recovery
Categories: medical billing and codingRay Vuono, CEO of MedLink International stated “The economies of scale in this venture are apparent to us. We believe that we will now be able to refer our physicians internally for their billing and recovery needs. In addition, we will also have access to provide CNI clients with the MedLink EHR and its suite of services. We believe this presents MedLink International the opportunity to realize revenues on the practice management end as well as the billing side and enables us to offer solutions to the medical community for every aspect of their practice.”
The principals of CNI have nearly twenty years of experience in the medical billing and recovery arena. CNI specializes in re-gaining the revenue and subsequent profits its clients practices are entitled to, utilizing electronic claims and personalized reimbursement strategies. With its experience in assigning proper coding to diagnoses and procedures, CNI receives the financial reimbursement correctly from insurance companies and government agencies that approximately 25% of medical practices across America are only receiving 70% on due to under coding, missed charges, and un-reimbursed claims.
MedLink’s acquisition of CNI is subject to MedLink’s continued due diligence and there can be no assurance that its acquisition of CNI will be completed, or if completed, whether it will be completed on a timely basis.