MBMS

What MBMS does

MBMS, founded in 1986 and headquartered in Newark, Delaware, is the largest privately-owned, radiology-exclusive billing and revenue cycle management provider in the United States. The company serves hospital-based radiology groups, private practice radiology groups, and imaging centers — ranging from small independent practices to large multi-state groups — providing end-to-end billing services covering charge capture, coding, payment variance tracking, denial management, A/R management, and cash reconciliation. MBMS reports having helped "thousands of radiologists" since 1986 and currently maintains a roster of named enterprise clients including California Advanced Imaging Medical Associates, Northland Radiology, South Shore Radiological Associates, Quantum Imaging & Therapeutic Associates, and Charlottesville Radiology.

The company's core differentiator is its TeamTechnology® approach, which integrates two proprietary platforms — Resolve (a customizable billing platform originally authored in 1992 by VP of System Administration Steven Douglas and continuously enhanced by an in-house development team) and Discover (a web-based business intelligence tool providing real-time, drill-down analytics by CPT code, physician, modality, insurance type, and referring physician) — with dedicated billing specialist teams overseen by Senior-Level Client Service Managers. MBMS also deploys AI-powered coding automation to augment its certified coders (holding RCC, RCCIR, COC, CIRCC, and CCS credentials), and offers a MIPS Scorecard for value-based care compliance, denial management services, and full practice management services including payer credentialing, physician recruitment, and financial strategy. The company maintains SOC 2 Type II and HIPAA compliance certifications.

MBMS operates on a transaction-fee revenue model, charging clients a percentage of net collections — the standard pricing approach in the radiology billing industry. It goes to market through a dedicated enterprise field sales organization led by an EVP of Sales & Marketing and VP of Sales & Business Development, complemented by inside sales support, a complimentary practice analysis offering, and active participation/sponsorship at industry conferences (RBMA, ACR, AHRA, ARRS, and multiple state radiological societies). The company employs 251–500 people across regional offices and has been led by CEO Tom Schovee since 2004.

Name

MBMS

Legal name

MBMS LLC

Website

https://mbms.net

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

251–500 employees

Short description

MBMS is the largest privately-owned, radiology-exclusive billing and revenue cycle management provider in the United States, founded in 1986 and serving thousands of radiologists across hospital-based and private practice groups via its proprietary Resolve and Discover platforms.

Ownership category

akta.pro rank

Product category

Radiology Revenue Cycle Management

NAICS

Telephone Call Centers (56142), Collection Agencies (56144)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Hospital & Medical Service Plans (6324)

akta.pro primary industry

RCM Outsourcing & Managed Billing Services (HLACACAN)

akta.pro secondary industries

Charge Capture & Clinical Documentation Improvement (CDI) for Billing (HLACACAF), Patient Billing, Statements & Payment Processing (HLACACAG)

Keywords

• Radiology billing services
• Medical revenue cycle management
• Medical coding services
• Radiology practice management
• Healthcare billing software

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Radiology Billing Services: MBMS charges clients on a percentage of net collections for full-service revenue cycle management. Most billing companies charge their clients on a percentage of net collections. Different companies may use different calculations, so make sure there is consistency.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

MBMS provides full-service radiology-exclusive revenue cycle management, handling end-to-end billing from charge capture through cash reconciliation, including certified medical coding with AI-powered automation, denial management, A/R management, MIPS quality reporting, payor credentialing, and practice management consulting. The service is delivered through the proprietary TeamTechnology® approach that bundles the in-house Resolve billing platform and Discover business intelligence tool with a dedicated account team of billing specialists and a Senior-Level Client Service Manager for each client practice.

Product overview

MBMS offers radiology-specific revenue cycle management services through its TeamTechnology® approach, which combines two proprietary software platforms—Resolve (billing platform) and Discover (business intelligence/analytics tool)—with dedicated billing specialist teams. The service portfolio includes end-to-end billing services (charge capture through cash reconciliation), certified coding services with AI-powered automation, MIPS consulting, denial management, and practice management services (credentialing, payor contracting, physician recruitment). MBMS's core value proposition is the integration of technology platforms with human expertise to deliver customized billing processes for radiology practices.

Differentiator

Problem solved

Functional benefit

Brands

• Resolve: MBMS's proprietary billing platform that provides customizable, on-demand dashboards and reporting tools for radiology practices.
• Discover
• TeamTechnology®

Products and services

• Resolve Proprietary, cloud-based billing platform that manages the full radiology revenue cycle, including charge capture, coding, payment variance tracking, denial management, A/R management, and cash reconciliation. Features contract management, custom interfaces, and reporting capabilities, with customizable, on-demand dashboards built for scalability, flexibility, and high performance.
• Discover Web-based business intelligence tool providing customizable real-time dashboards and drill-down analytics by CPT code, physician, modality, insurance type, patient type, referring physician, and site, with Excel export and user-level access restrictions.
• TeamTechnology® MBMS's integrated service approach that pairs proprietary software platforms with a dedicated team of billing specialists and a Senior-Level Client Service Manager who has end-to-end responsibility for each client account, delivering customized radiology billing services.
• Dedicated Account Teams Personalized billing service in which each client receives a dedicated team of billing specialists and a Senior-Level Client Service Manager with end-to-end account responsibility, providing direct communication access and complete transparency into the billing process.
• Full Management Services Comprehensive practice management service bundle for radiology practices, including medical staff services, payor contracting, financial strategy, HR support, executive management, marketing, physician recruitment, and quality/risk management, delivered alongside billing and RCM.

Quantifiable outcome

• 90-93% of claim rejections are preventable data entry errors that can be eliminated with proper processes
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

16 partnerships are on record, tiered core, minor and regional.

• Northland RadiologycoreStrategic or Co-development Partner · 11 June 2025Exclusive billing partnership with Northland Radiology, comprised of 13 radiologists providing professional diagnostic radiology services to North Kansas City Hospital and two imaging center locations.
• South Shore Radiological Associates (SSRA)coreStrategic or Co-development Partner · 22 May 2025Exclusive billing partnership with South Shore Radiological Associates, comprised of 35 radiologists providing professional diagnostic and interventional radiology services to South Shore Hospital since 1970. Also serves Dana-Farber Cancer Institute and its Breast Care Center, South Shore Medical Center, and Shields facilities.
• Quantum Imaging & Therapeutic AssociatescoreStrategic or Co-development PartnerExclusive billing partnership with Quantum Imaging, one of the largest private practice radiology groups in Pennsylvania with over 70 radiologists providing comprehensive radiology services to the greater Harrisburg region.
• Radiology Business Management Association (RBMA)coreGTM or Marketing PartnerLongtime corporate sponsor and active participant in RBMA national and chapter meetings. MBMS is a title sponsor of the RBMA Northeast Chapter and copper-level sponsor of the annual PaRADigm meeting.
• Medical Group Management Association (MGMA)minorGTM or Marketing PartnerActive member and participant in MGMA committees and events.
• American College of Radiology (ACR)coreGTM or Marketing PartnerStrategic alignment with ACR for MIPS registry reporting and co-sponsorship of ACR-RBMA Practice Leadership Forum.
• American Academy of Professional Coders (AAPC)minorStrategic or Co-development PartnerMBMS contributes articles to AAPC's Knowledge Center blog and team members hold AAPC certifications (CPC).
• Advisory BoardminorGTM or Marketing PartnerMBMS featured in Advisory Board article on patient bill pay best practices in healthcare.
• Georgia and South Carolina Radiological SocietiesregionalGTM or Marketing PartnerSponsorship of annual meeting with networking opportunities and educational sessions including continuing education credits.
• Texas Radiological Society (TRS)regionalGTM or Marketing PartnerExhibitor and sponsor of annual TRS Meeting, the largest statewide gathering for radiologists in Texas.
• California RBMAregionalGTM or Marketing PartnerExhibitor and sponsor of annual California RBMA Meeting focusing on industry changes and innovation.
• Pennsylvania Radiological Society (PRS)regionalGTM or Marketing PartnerSponsor and exhibitor at PRS Fall Meeting, representing over 1,600 radiologists statewide.
• Tennessee Radiological SocietyregionalGTM or Marketing PartnerExhibitor/sponsor of annual scientific meeting.
• American Healthcare Radiology Administrators (AHRA)minorGTM or Marketing PartnerExhibitor and sponsor of AHRA Annual Meeting with 5,000+ members nationwide.
• Florida Radiological Society (FRS)regionalGTM or Marketing PartnerExhibitor and sponsor of annual FRS Meeting.
• American Roentgen Ray Society (ARRS)minorGTM or Marketing PartnerExhibitor at ARRS Annual Meeting at John B. Hynes Convention Center in Boston.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Zotec Partners: One of the largest radiology-exclusive billing and practice management companies in the U.S., offering end-to-end RCM specifically for radiologists. Direct head-to-head competitor to MBMS in the same specialty, customer profile, and percentage-of-collections pricing model.
• Healthcare Administrative Partners (HAP): Radiology-focused medical billing and practice management firm serving hospital-based and private-practice radiology groups nationally. Competes with MBMS for the same radiology practice customers with similar full-service RCM and coding offerings.
• MedBillingExperts: Specialized medical billing company with explicit radiology billing service line and certified radiology coder teams. Targets the same radiology practice segment as MBMS with comparable charge-capture-to-reconciliation scope.
• Coronis Health: End-to-end healthcare RCM provider formed via roll-up of multiple billing brands, with strong radiology and multi-specialty billing capabilities. Competes with MBMS for hospital-based and private radiology groups seeking outsourced RCM.
• Aspirion: Specialized complex-claims and denial-management vendor serving hospitals and physician groups, including radiology-heavy clients. Overlaps with MBMS on denial management and A/R follow-up portions of the revenue cycle.

Emerging players

• Aviacode (Coronis Health): Medical coding services company with significant radiology exposure, including AI-assisted coding workflows. Overlaps with MBMS on the coding and CDI components of its RCM stack rather than full-service billing.

Broad incumbents

• R1 RCM: One of the largest publicly-traded healthcare RCM and practice management vendors in the U.S., serving hospitals and large physician groups across multiple specialties. Operates broadly in the same outsourced-billing category as MBMS but at substantially larger scale and across specialties.
• Waystar: Healthcare payments and RCM technology platform used by hospitals and physician practices for claims, denials, and patient payments. Competes with MBMS at the technology layer (billing platform, BI, patient billing) rather than the full-service outsourcing layer.
• Experian Health: Healthcare-dedicated business unit of Experian offering patient access, claims management, and identity/credit services for providers. Adjacent competitor at the eligibility, patient billing, and data-analytics components of MBMS's service.
• Optum / Change Healthcare: Large diversified healthcare services and technology platform with extensive RCM, coding, and analytics capabilities serving providers across specialties. Broader incumbent competing for large hospital-based radiology contracts rather than MBMS's private-practice sweet spot.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mbms-llc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles27 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 MBMS