MD On-Line Acquires Claims Processing Clients From Transaction Methods, Inc.

PARSIPPANY, N.J., July 12 /PRNewswire/ -- 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.

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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."

About MD On-Line

MD On-Line Inc. is a leading provider of electronic data interchange (EDI) solutions that facilitate the critical connection between doctors and payers. Its offerings enable electronic data capture and entry, and claim and transactional data submission to payers. Co-branded and endorsed by more than 35 major insurers and increasing its presence in providers' offices of all sizes, MD On-Line is transacting the business of healthcare, helping to make the healthcare system significantly more cost-effective by eradicating inefficiencies. In addition to claims processing, MD On-Line offers real-time services for eligibility verification, referrals, claim status inquiries, and electronic remittance advice (ERAs). Its "all-payer" EDI solutions encompass a network of more than 2,000 payer organizations and are used by more than 40,000 healthcare providers nationwide.

In June 2010, MD On-Line was named as a finalist at the American Business Awards for Best Overall Company of 2010, and President/CEO Bill Bartzak was named one of the Ernst & Young Entrepreneurs of the Year for 2010.

For additional information visit www.mdon-line.com.

SOURCE MD On-Line, Inc.