Miramed Revenue Group

What Miramed Revenue Group does

Miramed Revenue Group is a US healthcare debt collection agency operating as a subsidiary of MiraMed Global Services, Inc., headquartered at 360 E. 22nd Street, Lombard, Illinois. Founded in 1998, the company provides third-party collection services to hospitals and physicians throughout the United States, focused on recovering outstanding patient balances, medical billing receivables, and accounts receivable management. Its core offering is contingency-based third-party debt collection, where revenue is generated through commissions on successfully recovered amounts (a transaction-fee revenue model). The company differentiates through 25+ years of vertical specialization in healthcare receivables and supporting compliance with federal and state collection regulations, evidenced by published state-specific credit and collection notices.

The company's surface technology is minimal: a consumer-facing online payment portal (mmrgpayment.com) and an SMS notification service for balance alerts, operating alongside traditional phone and mail collection channels. The website (miramedrg.com) functions primarily as a payment and contact hub rather than a marketing or e-commerce platform. There is no disclosed proprietary technology, no patents or trademarks on file, no integrations, no APIs, no mobile app, and no AI or ML capabilities referenced in any source data.

Commercially, MiraMed serves two primary segments — acute care hospitals and medical systems, and individual physician practices and medical groups — through direct B2B relationships rather than intermediaries. Go-to-market is direct enterprise sales with quote-based, individually negotiated contingency fee pricing. Customer logos are not publicly disclosed, no revenue figures are published, and the company has no external funding rounds, M&A activity, partnerships, or leadership changes documented in the input. The company appears to be a stable, mature incumbent operating in a single vertical with a single product line, relying on domain expertise and regulatory compliance infrastructure as its primary competitive positions.

Name

Miramed Revenue Group

Legal name

MiraMed Revenue Group

Website

https://miramedrg.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Miramed Revenue Group is a US healthcare debt collection agency providing third-party contingency-based collection services to hospitals and physicians, recovering unpaid patient balances and medical receivables across the United States.

Ownership category

akta.pro rank

Product category

Healthcare Debt Collection Services

NAICS

Collection Agencies (561440), Collection Agencies (56144)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Medical Debt Collection & Revenue Cycle Bad-Debt Recovery (FSAKAJAM)

akta.pro secondary industries

Specialty & Regulated Collections (Medical, Student Loan, Government, HOA) (BPAAAEAJ), Third-Party Debt Collection Agencies (Consumer & Commercial) (BPAAAEAB)

Keywords

• Healthcare debt collection
• Medical accounts receivable
• Patient balance recovery
• Third-party collections
• Hospital billing services

Headquarters

HQ city

Lombard

HQ country

United States

HQ region

North America

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. Third-Party Collection Services: Provides third-party collection services to hospitals and physicians throughout the U.S. Revenue is generated through collection commissions or contingency fees on recovered debts.

Distribution channels1 record

Marketing channels1 record

Core offering

MiraMed Revenue Group provides third-party debt collection services to hospitals and physicians across the United States, recovering unpaid patient balances and managing medical accounts receivable on a contingency-fee basis. The company supplements its core collection work with an online payment portal (mmrgpayment.com) and SMS-based outstanding balance notifications to facilitate debt resolution with consumers.

Product overview

MiraMed Revenue Group is a single-product healthcare debt collection agency that has operated for over 25 years. The company's core offering is third-party collection services targeted at hospitals and physicians, focused on recovering outstanding patient balances and medical billing receivables. The company also provides complementary communication services including SMS notifications for outstanding balances and an online payment portal (mmrgpayment.com) to facilitate debt resolution.

Differentiator

Problem solved

Functional benefit

Products and services

• Healthcare Third-Party Collection Services
• Online Payment Portal (mmrgpayment.com)
• SMS Outstanding Balance Notifications

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Emerging players

• Waystar: Healthcare revenue cycle management software platform that helps providers reduce bad debt upstream. Relevant as a competitive force that can shrink the inventory reaching third-party collectors like MiraMed.
• Cedar: Patient engagement and billing platform helping hospitals improve payment collection in-house. Relevant as an emerging upstream competitor that could reduce hospitals' reliance on agencies like MiraMed.

Direct peers

• Convergent Healthcare Recoveries: Healthcare-specialized third-party collection agency serving hospitals and physician groups across the U.S. Closely comparable in vertical focus, contingency-fee model, and target customer base.
• State Collection Service: Wisconsin-based collection agency with a dedicated healthcare recovery division serving hospitals, clinics, and physician practices. Comparable in healthcare vertical focus and B2B contingency model.
• Credit Control Company: Mid-sized collection agency with a healthcare-focused practice serving hospitals and provider groups. Comparable in contingency-fee collection model and healthcare vertical specialization.
• Hunter Warfield: Specialized collection agency focused on healthcare, government, and commercial receivables. Directly comparable in medical debt recovery services and hospital/physician client base.

Broad incumbents

• Radius Global Solutions: Large, diversified third-party collection agency operating across consumer, healthcare, and commercial verticals. Comparable in core business model but broader in scope than MiraMed's healthcare-only focus.
• Experian Health: Major healthcare data and RCM solutions provider offering patient access, eligibility, and identity management that competes upstream of collections. Comparable as an adjacent healthcare A/R ecosystem player.
• Transworld Systems: Large, established debt collection and accounts receivable management provider serving multiple verticals including healthcare. Comparable business model but far broader portfolio than MiraMed.

Others

• Pendrick Capital Partners: Private investment firm that has owned and operated multiple healthcare-focused collection agencies. Relevant as a strategic capital source and consolidator in the healthcare collections sub-sector.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Miramed Revenue Group