PROMed Billing Solutions
PROMed Billing Solutions is a Newport Beach, California-based outsourced medical and dental billing firm founded in 2003 that provides revenue cycle management, A/R recovery, credentialing, and new practice setup to small and midsize practices across 22+ specialties.
- Company typePrivate
- Founded2003
- HeadquartersNewport Beach, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What PROMed Billing Solutions does
PROMed Billing Solutions is a privately held, full-service medical and dental billing company headquartered in Newport Beach, California, operating under the legal name PROMED Medical and Dental Billing. Founded in 2003, the firm serves small and midsize medical and dental practices across California and the West Coast, with secondary offices also in Newport Beach. Core offerings include medical and dental billing, end-to-end revenue cycle management, A/R management and recovery, new practice setup, credentialing and contracting with Medicare, Medi-Cal, PPO, and HMO networks, medical billing auditing, continued education, and seamless transitions from prior billing systems.
The company employs 11 staff and applies domain expertise in CPT, ICD-10, and modifier coding to bill across 22 or more medical and dental specialties, including Dental, Dermatology, Hospitalist, Neurology, Orthopedics, Podiatry, Surgery, Cardiology, Family Practice, OBGYN, Pain Management, and Workers Compensation. PROMed also self-positions as an Independent Auditing Company, distinguishing its compliance posture from pure billing shops. The technology stack is described as expertise in established coding systems and medical billing software platforms; no proprietary software, AI capabilities, patents, or technology integrations are disclosed.
PROMed generates revenue through professional-services engagements, primarily on a percentage-of-collections or fee-for-service basis typical of outsourced RCM, though pricing is not publicly disclosed. Its go-to-market is consultative and owner-led: free initial consultations and practice assessments are offered, prospects can book online, and the firm's principal, Von Movassaghi, drives outreach via a LinkedIn presence and newsletter channel. Customers are segmented vertically into SMB medical practices, multi-specialty practices, hospitalists, and dental practices; no named customer logos, funding, partnerships, or M&A activity are disclosed in the source data.
PROMed Billing Solutions firmographics
Firmographics- Name
- PROMed Billing Solutions
- Legal name
- PROMED Medical & Dental Billing
- Website
- https://4promed.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PROMed Billing Solutions is a Newport Beach, California-based outsourced medical and dental billing firm founded in 2003 that provides revenue cycle management, A/R recovery, credentialing, and new practice setup to small and midsize practices across 22+ specialties.
- Ownership category
- akta.pro rank
PROMed Billing Solutions industry classification
Industry- Product category
- Medical Billing Services
- NAICS
- Collection Agencies (561440)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Patient Billing, Statements & Payment Processing (HLACACAG)
- akta.pro secondary industry
- Accounts Receivable (A/R) & Collections Management (HLACACAJ)
Keywords
Where PROMed Billing Solutions is headquartered
LocationHeadquarters
- HQ city
- Newport Beach
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
PROMed Billing Solutions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Medical & Dental Billing Services: Full-service practice management and medical billing services for healthcare providers including revenue cycle management, A/R management, credentialing, and contracting services.
- Practice Setup & Training: New practice setup services including front office staff training and insurance carrier credentialing (Medicare, Medi-Cal, PPO, HMO).
- Workers Comp Billing: Specialized workers compensation billing services with focus on maximizing reimbursement under guidelines.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Initial Free Consultation |
| Other | Pay-as-you-go | Practice Assessment |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
PROMed Billing Solutions product offering
Product offeringCore offering
PROMed Billing Solutions is a full-service practice management and medical billing company that provides outsourced medical and dental billing, end-to-end revenue cycle management, A/R management and recovery, insurance credentialing and contracting, new practice setup, and independent billing auditing for small and mid-size healthcare practices. The company specializes in 22 medical and dental specialties and applies detailed knowledge of CPT, ICD-10, and modifiers to maximize reimbursements under payer guidelines.
Product overview
PROMed Billing Solutions is a full-service practice management and medical billing company offering a comprehensive suite of services. The core offering consists of Medical & Dental Billing Services, Revenue Cycle Management, and A/R Management, Reduction & Recovery. Supporting services include New Practice Setup with Credentialing & Contracting, Medical Billing Auditing (positioning the company as an Independent Auditing Company), and Continued Education. The company specializes in 22 medical and dental specialties, offering seamless transition services for practices migrating from existing billing systems.
Differentiator
Problem solved
Functional benefit
Products and services
- Medical & Dental Billing Services Full-service medical and dental billing including claims submission, reimbursement optimization, and accounts receivable management using detailed knowledge of CPT, ICD-10, and modifiers. Targeted at small and mid-size medical and dental practices.
- Revenue Cycle Management Complete revenue cycle management services covering the entire billing lifecycle from claim creation to payment recovery for healthcare practices.
- A/R Management, Reduction & Recovery Electronic accounts receivable management, reduction, and recovery services to maximize revenue and reduce outstanding balances for medical and dental practices.
- New Practice Setup Complete setup services for new medical practices, including credentialing, contracting with insurance carriers (Medicare, Medi-Cal, PPO, HMO), and front office staff training.
- Credentialing & Contracting Insurance carrier credentialing and contracting services including Medicare, Medi-Cal, PPO, and HMO networks for medical and dental practices.
- Medical Billing Auditing Independent auditing services for medical billing to ensure compliance and maximize reimbursements under guidelines, positioning PROMed as an Independent Auditing Company.
- Specialty Medical Billing Specialized billing services for 22 medical and dental specialties including Dental, Dermatology, Hospitalist, Neurology, Orthopedics, Podiatry, Surgery, Cardiology, Family Practice, Internal Medicine, Cardio Vascular Surgery, Geriatrics, Interventional Radiology, OBGYN, Pain Management, Psychiatry, Urgent Care, Ophthalmology, Pediatrics, Sleep Apnea, Urogynecology, and Workers Comp.
Quantifiable outcome
- Electronic A/R management, reduction and recovery
- +2 more outcomes
Companies that use PROMed Billing Solutions
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
PROMed Billing Solutions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
PROMed Billing Solutions partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights4 records
PROMed Billing Solutions competitors and assessment
Company assessmentEmerging players
- MedicalBillingExperts (Flatworld Solutions): MedicalBillingExperts provides outsourced medical billing and RCM services to small and midsize US practices, including multi-specialty billing. As an outsourced services provider similar to PROMed, it competes for the same SMB practice contracts on cost and specialty expertise.
- Outsource Receivables Inc. Outsource Receivables Inc. is a third-party medical billing and accounts receivable management services firm serving US healthcare providers. It directly competes with PROMed on outsourced A/R management, claims follow-up, and revenue recovery services for SMB practices.
Direct peers
- Kareo (Tebra): Tebra (formerly Kareo) is an integrated practice management and medical billing platform purpose-built for independent small and midsize practices — the same SMB buyer PROMed serves. Both target independent physician and dental practices seeking outsourced or self-managed RCM, with Tebra offering a tech-enabled alternative to PROMed's services model.
- DrChrono: DrChrono (now part of Evergent) provides EHR, practice management, and medical billing services focused on small and specialty practices. Its billing services arm overlaps directly with PROMed's SMB RCM value proposition, particularly for specialty-heavy practices.
- AdvancedMD: AdvancedMD offers cloud-based medical billing, scheduling, and practice management software for independent practices. It targets the same SMB ambulatory market as PROMed and provides RCM services that directly overlap with PROMed's claims-submission and A/R recovery offerings.
- CureMD: CureMD provides integrated EHR, practice management, and RCM services for specialty practices, including billing and revenue cycle management. It targets the same multi-specialty SMB segment where PROMed competes, with similar specialty depth.
- PracticeSuite: PracticeSuite offers cloud-based medical practice management, EHR, and medical billing services aimed at independent practices. Its RCM and billing services directly overlap with PROMed's claims submission, denial management, and A/R recovery offerings for SMB medical practices.
- CollaborateMD: CollaborateMD offers cloud-based practice management and medical billing software plus outsourced billing services for small and midsize practices. It competes in the same SMB billing-services segment and offers comparable claims management, A/R, and credentialing-adjacent workflows.
Broad incumbents
- athenahealth: athenahealth is a large-scale RCM and EHR platform with a substantial SMB and specialty practice installed base. It competes with PROMed on full-cycle revenue cycle management and offers a tech-enabled, broadly deployed alternative to outsourced billing services for multi-specialty practices.
- eClinicalWorks: eClinicalWorks provides integrated EHR and RCM solutions to ambulatory practices across many specialties, including the multi-specialty and hospitalist segments PROMed serves. Its bundled platform competes against outsourced billing for practices evaluating build-vs-buy decisions.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
PROMed Billing Solutions social profiles
Digital presencePROMed Billing Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
PROMed Billing Solutions leadership team
Management profileNumber of profiles
Profiles1 record
PROMed Billing Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PROMed Billing Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PROMed Billing Solutions
What does PROMed Billing Solutions do?
PROMed Billing Solutions is a full-service practice management and medical billing company that provides outsourced medical and dental billing, end-to-end revenue cycle management, A/R management and recovery, insurance credentialing and contracting, new practice setup, and independent billing auditing for small and mid-size healthcare practices. The company specializes in 22 medical and dental specialties and applies detailed knowledge of CPT, ICD-10, and modifiers to maximize reimbursements under payer guidelines.
Is PROMed Billing Solutions a public or private company?
PROMed Billing Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PROMed Billing Solutions founded?
PROMed Billing Solutions was founded in 2003. It employs 11 to 50 people.
Where is PROMed Billing Solutions based?
PROMed Billing Solutions is headquartered in Newport Beach, United States, in the North America region.
How does PROMed Billing Solutions make money?
Three revenue lines are on record. Medical & Dental Billing Services are the primary driver. The others are practice Setup & Training and workers Comp Billing.
Who are PROMed Billing Solutions's main competitors?
Emerging players on record are MedicalBillingExperts (Flatworld Solutions) and Outsource Receivables Inc.. Direct peers are Kareo (Tebra), DrChrono, AdvancedMD, CureMD, PracticeSuite and CollaborateMD. Broad incumbents are athenahealth and eClinicalWorks.
Does PROMed Billing Solutions have an API?
No public API is recorded for PROMed Billing Solutions.
What industry is PROMed Billing Solutions in?
PROMed Billing Solutions's product category is Medical Billing Services. Its primary akta.pro industry code is HLACACAG, Patient Billing, Statements & Payment Processing, with a secondary code of HLACACAJ, Accounts Receivable (A/R) & Collections Management. Its NAICS code is 561440 and its SIC code is 7320.