Company History

After graduating with business and pre-med degrees in the early 1980s, the two company founders spent the next few years on advanced graduate studies at the University of California, San Francisco in Nuclear Medicine, and at the University of California, Irvine in Business Administration.

From the mid-'80s to 2000, they worked for a variety of medical practices and large technology companies:

  • One, in business development, operations, and corporate finance and accounting departments for large technology companies.
  • The other, in a variety of front- and back-office positions in private medical practices, a large private hospital, and a large university teaching hospital.

In 2000, They established the company as a consulting and service company, and incorporated as Western Medical Billing Solutions, LLC. The goal was to provide physicians personalized, professional, and cost-effective practice-management solutions and services. Then as now, their goal was powerfully simple:

Help physicians optimize their practice performance and profitability.

Chart

The Company felt that it could help physicians feel more secure with their cash flow by streamlining front-office processes, using technology to move information and funds, and by eliminating delayed payment cycle times due to inefficiencies, paper work delays with third-party payers, and medical system bureaucracies.

One of the distinguishing features of MedValent over the years is the close personal contact the founders have maintained with their Client physicians and practice management staff. Through hands-on work with the practice team, the Company has consistently implemented cost-saving solutions leading to enhanced front-office efficiency and greater practice profitability.

MedValent's team has developed core competencies in the following areas:

  • Information systems, databases, and networking
  • Front-office procedures
  • Medical coding
  • Medical insurance billing and electronic processing
  • Insurance/Third-party payers follow-up and appeals
  • Patient follow-up and collection recourse
  • HIPAA compliance
  • New practice start-up
  • Numerous practice specialties

In 2008, with the Company continuing to grow, the founders relocated to new offices and renamed the Company to reflect its success in working with physicians: MedValent.

Our Business Ethics

Healthcare has long been identified with a high degree of ethics and professionalism. MedValent is committed to the highest standards of ethical behavior in the handling of our Clients' practice management services.

As a vital part of providing our Clients with best-in-class revenue cycle management, MedValent:

  • Exercises sensitive professional and moral judgment in all business activities
  • Acts in a way that will honor the public interest and demonstrate a commitment to professionalism and competence
  • Performs all business activities with the highest sense of integrity
  • Maintains objectivity and avoids any conflict of interest
  • Strives to improve the quality and competence of all our services through continuing education
  • Exercises care and diligence in providing services
  • Maintains confidentiality of patient and Client information
  • Complies with all relevant federal, state, and local laws and regulations
  • Refrains from making misleading or false statements about professional qualifications, experience, performance, or results that can be achieved