CHMB Inc.

CHMB Inc. is a California healthcare business-services company serving doctors, physician groups, and medical practices. Its name is derived from “California Healthcare Medical Billing,” reflecting the company’s original and continuing focus on revenue-cycle and administrative services for healthcare providers. The company was founded in San Diego in 1995 by Bob Svendsen, who became chief executive officer, and Janet Boos, who became president. It was established during a period when physician practices were increasingly seeking specialized outside support for billing, practice administration, and the operational complexity associated with reimbursement and healthcare information systems. CHMB became one of the early specialist businesses in its field and grew into one of the larger California-based providers of business services for physicians and physician practices. Rather than operating as a consumer-facing healthcare brand, it functions as a business-to-business partner whose work supports the administrative and financial infrastructure behind medical practices. Its service scope has been associated primarily with medical billing and related practice-support activities, delivered through healthcare information-technology platforms. A significant technology relationship began in 2008, when CHMB partnered with Allscripts. The collaboration was intended to broaden the services available to CHMB’s clients and connect the company’s operational expertise with Allscripts’ healthcare software ecosystem. CHMB subsequently expanded through acquisition in 2011, when it acquired Davis & Associates Healthcare Solutions. That transaction strengthened the company’s healthcare-services capabilities and expanded its platform for serving provider organizations. The relationship with Allscripts later developed from partnership into ownership. In April 2015, Allscripts acquired a controlling interest in CHMB for $11.1 million. Following the transaction, CHMB operated on the Allscripts platform. The company has also undertaken service work using the Epic platform, indicating that its operating role extends across more than one major healthcare information-technology environment rather than being limited exclusively to its historical Allscripts relationship. CHMB’s positioning is therefore that of a specialized healthcare administrative-services provider, combining billing expertise, practice-support knowledge, and familiarity with electronic health-record or practice-management platforms. Its customers are healthcare professionals and organizations rather than individual patients. Publicly available reference material identifies its San Diego base, founding history, Allscripts relationship, acquisition of Davis & Associates Healthcare Solutions, and subsequent controlling-interest transaction as the principal milestones in its development. Detailed current information about its standalone product portfolio, financial performance, leadership beyond its founders, and geographic footprint is not established by the supplied sources.

CHMB Inc. was founded in San Diego, California, in 1995 by Bob Svendsen and Janet Boos. The company’s acronym refers to California Healthcare Medical Billing, identifying the medical-billing and healthcare administrative-services focus around which the business was established. It was among the early companies specializing in outsourced business services for doctors and physician practices. The company developed as a business-to-business provider rather than as a direct healthcare provider or consumer brand. Its role was to support the administrative and financial work required by medical practices, particularly billing and related operational processes. This model addressed the growing complexity of healthcare reimbursement and the need for physician organizations to use specialized external service providers. In 2008, CHMB partnered with Allscripts. The relationship was intended to expand the services available to CHMB customers and to connect CHMB’s healthcare-services capabilities with Allscripts’ software and technology platform. The partnership became an important stage in CHMB’s evolution because it linked the company’s billing and practice-support expertise with a major healthcare information-technology vendor. CHMB continued its expansion in 2011 by acquiring Davis & Associates Healthcare Solutions. The acquisition added to the company’s healthcare-services operations and reinforced its focus on serving medical practices and provider organizations. Public descriptions of the transaction do not establish additional financial terms or a detailed breakdown of the acquired operations. The commercial relationship between CHMB and Allscripts subsequently became an ownership relationship. In April 2015, Allscripts acquired a controlling interest in CHMB for $11.1 million. After the transaction, CHMB operated on the Allscripts platform. The company has also performed service work using Epic, another major healthcare information-technology platform, showing that its services have been connected with multiple systems used by healthcare organizations. CHMB’s documented history is consequently defined by three phases: formation as a specialized California medical-billing and physician-practice-services company; expansion through a technology partnership with Allscripts and the acquisition of Davis & Associates Healthcare Solutions; and integration into the Allscripts ownership structure. The supplied reference material does not provide a complete account of later management, standalone financial results, product-level branding, or current corporate structure beyond noting the Allscripts relationship and use of both Allscripts and Epic platforms.

• 2015

  Allscripts takes a controlling interest

  [1]CHMB Inc.en.wikipedia.org

  Allscripts acquired a controlling interest in CHMB in April for $11.1 million.

• 2011

  Acquisition of Davis & Associates Healthcare Solutions

  [1]CHMB Inc.en.wikipedia.org

  CHMB acquired Davis & Associates Healthcare Solutions, expanding its healthcare business-services activities.

• 2008

  Partnership with Allscripts

  [1]CHMB Inc.en.wikipedia.org

  CHMB partnered with Allscripts to broaden the services and technology capabilities available to its healthcare customers.

• 1995

  CHMB is founded in San Diego

  [1]CHMB Inc.en.wikipedia.org

  Bob Svendsen and Janet Boos founded CHMB as a healthcare business-services company focused on medical billing and support for physician practices.

A specialized business-to-business healthcare services provider supporting physician practices with medical billing, administrative operations, and platform-enabled practice services.

• Healthcare business services · 1995

  Medical billing services

  CHMB’s core offering is medical billing and associated administrative support for doctors and physician practices. The service model is designed to help provider organizations manage the business side of healthcare delivery, including processes connected with reimbursement and practice operations. The supplied sources do not provide a detailed list of individual billing modules, pricing, or service-level specifications.

• Healthcare business services

  Physician-practice business services

  CHMB provides broader business and operational services for physicians and medical practices in addition to its billing focus. These services position the company as an outsourced administrative partner for healthcare providers. Public reference material describes the category but does not enumerate every current service or distinguish the offerings by customer segment.

• Healthcare information technology services · 2008

  Platform-based healthcare services

  Following its relationship with Allscripts, CHMB operated on the Allscripts platform and also performed service work using the Epic platform. These platform-related capabilities connect CHMB’s administrative and billing services with systems used by healthcare organizations. The available sources do not specify the precise implementation, integration, or consulting services involved.

• 2015

  Sell a controlling interest to AllscriptsM&A

  Background

  After working with CHMB as a partner since 2008, Allscripts moved to an ownership position in the healthcare-services company.

  Action taken

  Allscripts acquired a controlling interest in CHMB in April 2015 for $11.1 million.

  Aftermath

  CHMB operated on the Allscripts platform while continuing service work that also involved the Epic platform.

  Transaction value. $11.1 million (April 2015)

  Source

• 2011

  Acquire Davis & Associates Healthcare SolutionsM&A

  Background

  CHMB pursued expansion within healthcare business and practice-support services.

  Action taken

  CHMB acquired Davis & Associates Healthcare Solutions.

  Aftermath

  The acquisition expanded CHMB’s healthcare-services operations, although the supplied source does not provide detailed integration results.

  Source

• 2008

  Enter a strategic partnership with AllscriptsStrategy

  Background

  CHMB sought to increase the breadth of services it could offer to physicians and medical practices through a relationship with a healthcare information-technology provider.

  Action taken

  CHMB partnered with Allscripts and incorporated the relationship into its healthcare-services model.

  Aftermath

  The partnership preceded Allscripts’ later acquisition of a controlling interest in CHMB and the company’s operation on the Allscripts platform.

  Source

1. 1CHMB Inc.en.wikipedia.org