Medical Learning and Panacea Healthcare Solutions announce merger
February 24, 2011
Source: Healthcare Finance News
ST. PAUL, MN – Medical Learning, Inc. (MedLearn) and Panacea Healthcare Solutions, LLC (Panacea) have announced completion of a transaction that merges the entities into a parent company named Panacea Healthcare Solutions, Inc.
MedLearn is a nationally recognized healthcare publishing and consulting firm specializing in all aspects of coding, compliance, reimbursement and revenue cycle. Panacea is a financial consulting and software development company specializing in hospital coding, compliance, reimbursement and revenue cycle systems and services.
Michael Rogge, who founded Medical Learning, Inc. in 1991, will remain as the Chairman and President. Frederick Stodolak, formerly chief executive officer of Panacea Healthcare Solutions, will have the same title in the new entity.
"We have worked with Panacea for almost two years now and have had great success," said Rogge. "From the start we have seen the great synergy between our companies. MedLearn's thought leadership together with the financial consulting and web-based technology expertise of Panacea position us as the leading source for consulting and software solutions for healthcare organizations.
"We are very excited about the talent and technology we have pulled together as a result of this transaction and believe our business model is progressive and responsive to the needs of healthcare providers in this ever demanding environment," said Stodolak. "Over the next year we will leverage our vast knowledgebase by expanding our news and information, publishing and educational services reach through advanced media technology and to offer our expanding client base alternative web-based revenue cycle, reimbursement, spend management solutions and decision support solutions."
The company's headquarters will reside in St. Paul, Minnesota and will maintain additional offices in New Jersey, Florida, California and Arizona. Panacea Healthcare Solutions, Inc. will continue to utilize the widely recognized MedLearn name in conjunction with its publishing and consulting services under the Panacea banner.
MedLearn is the nation's most respected authority on medical coding, compliance and reimbursement. Founded in 1991, MedLearn helps leading healthcare organizations to confidently meet their revenue and compliance obligations. MedLearn's variety of products and services includes publications, consulting services, seminars and customized learning and assessments. Each one is rooted in MedLearn's extensive experience on the frontlines of healthcare. MedLearn consultants are authors, workshop leaders, seminar instructors and national industry speakers. Consider that more than 20,000 people a week subscribe to MedLearn's online Compliance Question of the Week. More information is available at www.medlearn.com.
Panacea Healthcare Solutions, LLC, (www.panaceahealthsolutions.com) with offices in Florida, Arizona and New Jersey, provides expert coding, compliance, and financial advice and information technology to improve bottom line performance to healthcare providers, and other clients. Panacea's areas of expertise include Coding, Compliance, Finance and Reimbursement and Revenue Cycle Consulting and Systems.
Contact: Frederick Stodolak