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Home»Fintech»RBC acquires healthcare payments specialist MDBilling.ca
Fintech

RBC acquires healthcare payments specialist MDBilling.ca

October 5, 2022No Comments2 Mins Read
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At present, RBC introduced it has acquired MDBilling.ca, a cloud-based platform that automates and simplifies medical billing for Canadian physicians.

The corporate joins Dr.Invoice at RBC, one other main medical billing firm acquired by the financial institution in 2020.

Based in 2008, Toronto-based MDBilling.ca’s product providing is rooted in its best-in-class, proprietary software program that helps physicians with their medical billing. As one in all Canada’s prime digital medical billing options, MDBilling.ca is presently utilized by near 9,000 Canadian physicians, with greater than $2.3B in OHIP claims paid via the platform since inception. The corporate additionally boasts an intensive roster of partnerships with main healthcare suppliers throughout Ontario.

Medical billing has at all times been tedious, stealing hours from a doctor’s work day and private life resulting from a reliance on paperwork or antiquated know-how and sophisticated provincially-specific billing codes. MDBilling.ca’s suite of services ensures physicians are in a position to spend much less time doing paperwork to allow them to deal with what issues most, serving to sufferers.

The acquisition helps RBC Healthcare’s technique to supply revolutionary options for physicians at each stage of their profession journey. MDBilling.ca shoppers may even profit from entry to greater than 1,100 RBC Healthcare Specialists skilled to supply specialised recommendation and help for the distinctive monetary wants of physicians and different healthcare professionals.

“Because the launch of our Healthcare follow, we now have labored to make billing simpler for physicians via RBCx’s enterprise Dr.Invoice. The acquisition of MDBilling.ca helps additional this pursuit,” says Sid Paquette, Head, RBCx. “We’re proud to be a frontrunner in medical billing in Canada, serving to to simplify and expedite the method for physicians to receives a commission for the extremely essential work that they do.”

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Jaime Wong, co-founder and CEO, MDBilling.ca, added, “We could not be happier. This can be a nice alternative for our workers and shoppers, as we transfer into our subsequent section of progress, backed by the power of RBC.”

The monetary phrases of the deal will not be being disclosed.

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Acquires Healthcare MDBilling.ca payments RBC Specialist
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