MSN Healthcare

What MSN Healthcare does

MSN Healthcare Solutions (legal entity Management Services Network LLC) is a US-based, privately-held medical billing and practice management company founded in 1996 and operating continuously for three decades. The company exclusively serves radiology, anesthesiology, and pathology practices across the United States, offering specialty-tailored revenue cycle management, practice management consulting, and business intelligence services. Its product stack includes core Medical Billing Services (claims submission, denial management, A/R follow-up), Practice Management & Consulting, and a Business Intelligence analytics layer, supplemented by specialized billing modules per specialty and adjacent tools including MIPS/QCDR quality reporting, ClearSurvey (patient satisfaction), Click2Pay (patient payments), and MIPit (MIPS optimization consulting).

Underlying the service offering is a proprietary technology footprint: a CMS-approved Qualified Clinical Data Registry (MSN QCDR) hosting specialty quality measures such as Mednax55, QMM17, QMM18, QMM23, QMM26, QMM27, QMM28, QMM32, QMM37 (radiology) and QMM21, QMM25, QMM29, QMM30 (pathology), plus the ClearSurvey survey platform and BI infrastructure for reimbursement analytics. The company is HIPAA-compliant and holds no disclosed patents or AI/ML product capabilities, though leadership has publicly signaled intent to incorporate AI into billing workflows.

MSN's business model combines managed-services billing (percentage-of-collections-style engagements typical of RCM), professional services consulting, and subscription/recurring revenue from QCDR/MIPS reporting and BI. Pricing is not publicly disclosed and is quote-based. Go-to-market is sales-led via phone (1-866-567-7405) and website inquiry forms, supported by industry association engagement with HBMA, RBMA, and the ACR Foundation, plus content marketing through an extensive blog and digital library. The company operates with 11–50 employees, remains founder-led under President Bo Trotter, and has no disclosed external institutional ownership, funding rounds, or M&A activity.

Name

MSN Healthcare

Legal name

Management Services Network LLC

Website

https://msnllc.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

MSN Healthcare Solutions is a US-based, privately-held medical billing and practice management firm founded in 1996, exclusively serving radiology, anesthesiology, and pathology practices nationwide with specialty-specific revenue cycle management, QCDR/MIPS reporting, practice consulting, and patient engagement tools.

Ownership category

akta.pro rank

Product category

Medical Billing Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Health Services (8000)

akta.pro primary industry

Healthcare Billing & Patient Payments Presentment (FSAMAJAH)

akta.pro secondary industries

Payer-Provider Data Exchange (X12, prior auth, claims/clinical attachment) (HLACABAK), Cost of Care, Spend Analytics & Financial Performance Management (HLACAHAJ)

Keywords

• Medical billing services
• Revenue cycle management
• Practice management consulting
• Radiology billing
• MIPS quality reporting

Headquarters

HQ city

Aluskylä

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Medical Billing Services: Comprehensive revenue cycle management and medical billing services for radiology, anesthesiology, and pathology practices. Services include claims submission, payment posting, denial management, and accounts receivable follow-up.
2. Practice Management & Consulting: Advisory services covering all areas of client practice operations including workflow optimization, contract negotiations, and strategic planning.
3. QCDR & MIPS Reporting: Quality payment program services including Qualified Clinical Data Registry measures, MIPS reporting, and MVP participation support for specialty practices.
4. Business Intelligence: Data analytics and reporting services to help practices understand trends, reimbursement changes, and operational performance.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

MSN Healthcare Solutions delivers end-to-end medical billing, revenue cycle management, and practice management services exclusively to radiology, anesthesiology, and pathology practices in the United States. Services encompass claims submission, payment posting, denial management, accounts receivable follow-up, practice consulting, business intelligence analytics, and MIPS/QCDR quality reporting supported by proprietary technology platforms.

Product overview

MSN Healthcare Solutions offers a unified platform of medical billing and practice management services for radiology, anesthesiology, and pathology practices. The core offering includes Medical Billing Services, Practice Management & Consulting, and Business Intelligence, supplemented by specialized billing services for each specialty (Radiology, Anesthesiology, Pathology). Additional modules include MIPS & QCDR for quality reporting, ClearSurvey for patient satisfaction surveys, and Click2Pay for patient billing. The company operates as a national, privately-held organization delivering comprehensive revenue cycle management solutions.

Differentiator

Problem solved

Functional benefit

Brands

• ClearSurvey: Healthcare survey solution for medical practices enabling patient satisfaction feedback collection via text messages and emails.
• Click2Pay
• MIPit
• MSN QCDR

Products and services

• Medical Billing Services Comprehensive revenue cycle management and medical billing services for healthcare practices, including claims submission, payment processing, denial management, and accounts receivable follow-up. Sold to radiology, anesthesiology, and pathology practices in the United States.
• Radiology Billing Services Specialized billing services for radiology practices, supported by industry-leading technology and experienced billing experts. Serves hospital-based and outpatient imaging centers with claims submission, denial management, and revenue cycle optimization.
• Anesthesia Billing Services Specialized billing services for anesthesiology groups with nearly 30 years of experience in the specialty, including care team vs. medically directed billing models, base unit optimization, charting requirements, and qualifying circumstance codes.
• Pathology Billing Services Specialized billing services for pathology practices including hospital-based and independent groups, with complex pathology coding, MIPS reporting, MVP participation support, and quality measure design.
• Practice Management & Consulting

Quantifiable outcome

• MSN QCDR clients achieved 91.85 score vs 83.18 national average with payment adjustments of 1.45% vs 0.59% nationally

Named customers5 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered not specified and core.

• Jenesys Practice Solutions, LLCnot specifiedStrategic or Co-development Partner · 17 October 2022Formal partnership announced October 2022 to enhance practice solutions capabilities for clients. Details of the partnership scope were not fully disclosed in available sources.
• HBMA (Healthcare Billing & Management Association)coreOthersMSN is a proud supporter of HBMA, participating in industry advocacy and professional development initiatives for healthcare billing professionals.
• RBMA (Radiology Business Management Association)coreOthersMSN is a proud supporter of RBMA, engaging in radiology practice management education and advocacy initiatives.
• ACR Foundation (American College of Radiology)coreOthersMSN supports ACR Foundation Health Policy Research Match Challenge, contributing to radiology policy research initiatives.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Medusind: Medusind provides healthcare revenue cycle management, medical billing, coding, denial management, and payment services. Its service mix and provider focus closely overlap with MSN's core billing and accounts-receivable offering.
• GeBBS Healthcare Solutions: GeBBS Healthcare Solutions offers RCM, coding, accounts receivable, patient access, and analytics services to hospitals and physician practices. It is a direct RCM-services comparator with a similar scale and delivery model.
• Anesthesia Business Consultants: Anesthesia Business Consultants provides anesthesia-specific billing, coding, compliance, and practice-management services to anesthesia groups. Its narrow anesthesia focus makes it directly comparable to MSN's specialized anesthesia billing offering.
• TruBridge: TruBridge offers revenue cycle management, practice management, coding, and related services to healthcare providers, including specialty and ambulatory practices. It competes in the same outsourced RCM category, although at greater scale and across a broader provider set.
• R1 RCM: R1 RCM provides technology-enabled revenue cycle management and patient access services to hospitals and physician groups. Its outsourcing model and end-to-end billing capabilities are materially comparable to MSN's managed RCM services.
• Omega Healthcare: Omega Healthcare delivers medical billing, coding, accounts receivable, analytics, and RCM services to healthcare providers. It is a direct managed-services peer with a similar provider customer base and billing workflow.
• Zotec Partners: Zotec Partners provides revenue cycle management, billing, coding, and practice-management services with a strong radiology and specialty-provider focus. Its specialization and technology-enabled RCM model make it a direct comparator to MSN's radiology, anesthesiology, and pathology billing stack.

Broad incumbents

• athenahealth: athenahealth offers an EHR, practice management, patient engagement, and revenue cycle platform for ambulatory providers. It competes for the same provider budget and operational workflows, but its platform is broader than MSN's specialty-focused services.
• Waystar: Waystar provides healthcare payment, claims, denial, and revenue cycle technology used by providers and payers. It overlaps with MSN's claims, denial, BI, and patient-payment workflows, but is a broader technology incumbent.
• Optum: Optum operates a broad healthcare technology and services portfolio spanning claims, revenue cycle, payment, analytics, and provider operations. It is a broad incumbent with meaningful overlap in RCM, data, and reimbursement workflows.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/msnllc
• Facebookfacebook.com/msnllc
• LinkedInlinkedin.com/company/management-services-network-llc
• Instagraminstagram.com/msnllc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MSN Healthcare