Welcome!

News Feed Item

WebPT Acquires BMS Practice Solutions, the Leading Revenue Cycle Management Company for Physical Therapy

WebPT, the leading rehab therapy software platform, today announced it has acquired BMS Practice Solutions, the largest and most-tenured billing and collections company serving the rehab therapy market. With WebPT and BMS –– the two leaders in the outpatient rehab therapy market –– coming together, therapy practices of all sizes now have an end-to-end solution for attracting and retaining patients, streamlining workflows, completing defensible electronic documentation, staying compliant with healthcare regulations, obtaining fast and accurate payments, and ensuring consistent delivery of high-quality clinical care and patient experiences.

“Declining reimbursements, the shift to value-based care and the intensified focus on patient experience have changed the climate and complexities of the healthcare market,” said Nancy Ham, CEO of WebPT. “Now more than ever, practice owners and providers must have visibility into the entire patient journey –– from patient acquisition to the close of a claim. With WebPT and BMS joining forces, our customers will be able to choose from a wide array of innovative products and services to build the packages that not only work best for them, but also enable them to streamline efficiencies, improve revenue and revolutionize clinical care. And they’ll have one vendor partner helping them through it all.”

WebPT and BMS established an integration several years ago and have a long history of working together. More than 10,000 clinics — nearly a third of the market –– use WebPT for rehab therapy-specific documentation, scheduling, billing, outcomes tracking and patient relationship management. With 1,100 clinics of its own, BMS is one of the most widely-used physical therapy revenue cycle management (RCM) services in the country and counts some of the industry’s largest therapy organizations as clients. WebPT and BMS both boast a 99-percent customer retention rate, and currently have more than 50 mutual customers that are mostly large, multi-location clients, like Minnesota’s OSI Physical Therapy.

“Like WebPT, we developed BMS out of a need we identified in our own clinics,” said John Wallace, CEO of BMS. “We grew and succeeded in this industry by providing outstanding customer service and by helping our clients fight for every dollar they deserve. Because of our deep commitment to our customers and to this industry, we knew bringing our two companies together was the right move. By joining forces with WebPT, we will better support rehab therapists in growing their businesses and providing quality patient care.”

WebPT launched in 2008 as the first and only cloud-based documentation and electronic medical record software designed specifically for physical, occupational and speech therapists. Over the years, it has added web-based scheduling, outcomes tracking, billing and analytical reporting to its platform. In September 2017, it acquired Strive Labs, a patient relationship management (PRM) platform for physical therapy providers. Now, with BMS — which brings with it a 20-year history of providing top-notch RCM services to rehab therapy organizations — under its umbrella, WebPT will introduce an enhanced version of its RCM service as well as a robust all-in-one billing option for enterprise-level providers.

“From the beginning, WebPT has been an advocate for the rehab therapy community, developing innovative tools to help rehab therapists achieve greatness in practice,” said Dr. Heidi Jannenga, PT, DPT, ATC/L, president and co-founder of WebPT. “BMS shares a similar mission and history, and through this new partnership, we’ll be able to accomplish so much more than we ever could have individually –– from both a business and an industry standpoint. We are stronger — and better — together, and we’ll be able to make a powerful difference for our customers and their practices.”

BMS solutions are immediately available to WebPT customers, and WebPT products and services are immediately available to BMS clients. To learn more, visit get.webpt.com/webpt-bms.

About WebPT, Inc.

With a 30-percent market share, WebPT is the leading rehab therapy platform for enhancing patient care and fueling business growth. From scheduling, documentation and billing to outcomes tracking, business reporting and software integration, WebPT is the ideal solution for outpatient therapy organizations of all sizes. With a 99-percent retention rate and uptime rate in excess of 99.9 percent across its entire platform, WebPT is the most-trusted and most-reliable solution in the industry. Launched in 2008, the company is based in downtown Phoenix’s historic Warehouse District. It has ranked on the Inc. 5000 list of the nation’s fastest-growing companies five years in a row. Learn more at webpt.com.

About BMS Practice Solutions

Founded in 1988 in Upland, Calif., BMS Practice Solutions is the largest and most tenured billing and collections company in the therapy industry. It provides state-of-the-art technology and services to outpatient physical therapy organizations across the country. The company, which operates six regional billing centers throughout the U.S., processes more than 5 million claims each year. Learn more at bmspracticesolutions.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, described how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launching ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
"Since we launched LinuxONE we learned a lot from our customers. More than anything what they responded to were some very unique security capabilities that we have," explained Mark Figley, Director of LinuxONE Offerings at IBM, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.