Practice Management

What Practice Management does

Practice Management is a privately held, founder-owned healthcare revenue cycle management (RCM) and medical billing services firm headquartered in Schaumburg, Illinois, with a secondary office in Florida. Founded in 1995 by John Zulaski (President) and Vera Loftin (Vice President), the company delivers customized billing, accounts receivable cleanup, credentialing, audits and education, and consulting services to healthcare organizations nationwide. Its primary specialization is Federally Qualified Health Center (FQHC) billing, including Prospective Payment System (PPS) encounter billing, wraparound payment reconciliation, and HRSA compliance — a focus the company has maintained since 2011. The firm operates with 11-50 employees and serves both community health centers and broader healthcare organizations and group practices through a direct sales model with quote-based, non-publicly-disclosed pricing.

The company's underlying technology consists of a traditional RCM delivery stack rather than a proprietary software platform. Core infrastructure includes a dedicated client portal (mypmconnect.com) for account access and reporting, layered security controls (Multi-Factor Authentication, penetration testing, data loss detection), and a resource library of educational webinars and downloadable guides covering FQHC billing, E&M coding, credentialing, AR cleanup, and other RCM topics. No public APIs, SDKs, or developer-facing integrations are described. The firm supplements its service delivery with an active content marketing program (blog, webinars, document library) and a sustained conference presence at NACHC, FOM/IT, AllianceChicago, IPHCA, and FACHC events.

Practice Management generates revenue exclusively through professional services engagements rather than software licensing or transaction-based fees. Revenue streams include general medical billing services, specialized FQHC RCM services, and credentialing services — all delivered by expert RCM teams who customize solutions to client needs. Pricing is quote-based and tailored to client organization size and requirements. The company is entirely founder-owned with no disclosed external investment, subsidiaries, or M&A activity, and operates as a stable, organically grown niche RCM specialist rather than a venture-backed scale business.

Name

Practice Management

Legal name

Practice Management

Website

https://maximizedrevenue.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Practice Management is a privately held, founder-owned healthcare revenue cycle management firm founded in 1995 that delivers customized medical billing, AR cleanup, credentialing, and FQHC-specialized RCM services to healthcare organizations nationwide from offices in Illinois and Florida.

Ownership category

akta.pro rank

Product category

Healthcare Revenue Cycle Management

NAICS

Other Management Consulting Services (541618), Administrative Management and General Management Consulting Services (541611), Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742), Services-Management Services (8741), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

RCM Outsourcing & Managed Billing Services (HLACACAN)

akta.pro secondary industry

Claims Management, Scrubbing & Clearinghouse (HLACACAB)

Keywords

• Medical billing services
• Revenue cycle management
• FQHC billing
• Provider credentialing
• Accounts receivable cleanup

Headquarters

HQ city

Schaumburg

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Medical Billing Services: Full-service revenue cycle management including billing management, AR cleanup, credentialing, audits and education, and consulting for healthcare organizations. Services are customized to client needs and provided by expert RCM teams.
2. FQHC RCM Services: Specialized billing and revenue cycle management services for Federally Qualified Health Centers, including PPS billing, wraparound payment reconciliation, and HRSA compliance requirements.
3. Credentialing Services: Provider enrollment and credentialing services for all payers and all states, covering both new and established providers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Practice Management provides end-to-end revenue cycle management (RCM) and medical billing services to healthcare organizations, with deep specialization in Federally Qualified Health Centers (FQHCs). Core offerings include billing services, AR cleanup, provider credentialing and enrollment, coding compliance audits and education, and consulting, supported by a client portal for reporting and account management.

Product overview

Practice Management offers a suite of revenue cycle management (RCM) services for healthcare organizations, specializing in Federally Qualified Health Centers (FQHCs) since 1995. The core portfolio includes Billing Services, AR Cleanup, Credentialing, Audits and Education, and Consulting. These services are delivered through a client portal (mypmconnect.com) and supported by educational webinars. The company provides end-to-end RCM capabilities from claims submission through payment reconciliation, with particular expertise in PPS billing, wraparound payments, and HRSA compliance requirements for FQHCs.

Differentiator

Problem solved

Functional benefit

Products and services

• FQHC RCM Services Revenue cycle management services tailored for Federally Qualified Health Centers, including PPS billing, wraparound payment reconciliation, and HRSA compliance requirements.
• Billing Services Claims submission, revenue cycle optimization, and accounts receivable management to maximize cash returns on claims for healthcare organizations.
• AR Cleanup Services Expert review and resolution of aging accounts receivable to recover previously uncollected revenue and reduce AR aging buckets.
• Credentialing Services Provider enrollment and credentialing for all payers and states, covering both new and established providers.
• Audits and Education Coding compliance consultation and educational services to identify revenue leakage and ensure proper billing practices.
• Consulting Medical billing consulting services to assess and improve revenue cycle processes and financial performance.
• Client Portal Online portal for clients to access account information, reports, and manage billing activities.

Quantifiable outcome

• Physicians and surgeons can lose up to $122,144 during a 120-day credentialing delay; nurse practitioners and physician assistants can lose up to $66,000 over the same period
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• R1 RCM: R1 RCM is a large-scale RCM outsourcing firm serving hospitals and physician groups across the U.S. It is a broad incumbent that offers end-to-end revenue cycle services, overlapping directly with Practice Management's billing, AR, and consulting offerings, but at a much larger scale and broader client base.
• Optum (UnitedHealth Group): Optum is the health services and innovation arm of UnitedHealth Group providing RCM, billing, analytics, and consulting services to healthcare providers. It competes broadly in the same outsourced billing and revenue cycle space as Practice Management, with vastly greater scale.
• NextGen Healthcare: NextGen offers EHR and integrated practice management/billing software used by ambulatory providers, including FQHCs. It competes in adjacent billing workflow territory, and increasingly bundles RCM services that could substitute for Practice Management's outsourced model.
• eClinicalWorks: eClinicalWorks is a major ambulatory EHR and RCM vendor, particularly strong among FQHCs and community health centers. Its integrated billing/RCM modules directly overlap Practice Management's outsourced services from a technology-delivery perspective.

Direct peers

• Coronis Health: Coronis Health is a healthcare BPO/RCM provider with explicit FQHC and community health center billing specialization. It is a direct peer — competing for the same FQHC and physician group clients with a similar outsourced billing and AR management service model.
• Infinx Healthcare: Infinx provides RCM, billing, prior authorization, and credentialing services to healthcare providers using technology-enabled operations. It directly competes with Practice Management across billing management, AR cleanup, and credentialing lines, with a more technology-forward offering.
• BillingParadise: BillingParadise is an outsourced medical billing and RCM services firm serving physician practices and specialty groups across the U.S. It is a direct peer with a similar professional-services model delivering claims, AR, credentialing, and consulting comparable to Practice Management's offerings.

Emerging players

• Tebra (Kareo + PatientPop): Tebra (formed by the Kareo + PatientPop merger) offers practice management, EHR, and medical billing software/services to small/mid-sized practices. It targets a similar small-practice and ambulatory segment and competes with Practice Management for billing services engagements via an integrated SaaS model.
• Waystar: Waystar is a healthcare payment and RCM technology platform providing claims management, patient billing, and revenue cycle software. It is an emerging player competing in claims management, scrubbing, and patient billing workflows that overlap with Practice Management's core services.
• AdvancedMD: AdvancedMD provides cloud-based practice management, EHR, and medical billing software/services for small to mid-sized medical practices. It overlaps with Practice Management's billing and RCM services for ambulatory groups, delivered through a SaaS model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/watch?v=E2wn0hIcXbY
• LinkedInlinkedin.com/company/practicemanagement

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Practice Management