Is ICSGlobal coming for you?

Australia’s ICSGlobal recently spent $1.75 million for Medical Recovery Services (MRS) in Georgia. Now it’s looking for more companies to acquire, according to The Australian newspaper.

“There are 3,000 medical billing companies in the US, and we plan either to partner with or to acquire some of those to build up our presence,” chief executive Tim Murray said. “We’re offering a service where doctors are receiving more money than ever before because of better billing and claiming practices, while we get transaction revenue through Thelma plus a percentage of the revenue from the billing companies.

“Healthcare billing is still a cottage industry in the US, and this probably one of the last great opportunities for consolidation. It’s a simple strategy, and we’ve got the tools and the platform.”

Interesting . . .