FCA Venture Partners V, LP (FCA V) announced today that its portfolio company, Medical Reimbursements of America (MRA), has been acquired by Riverside Partners, a Boston-based private equity firm. Headquartered in Franklin, TN, MRA is a recognized leader in the rapidly growing field of specialty reimbursement services for hospital revenue cycle departments. MRA leverages proprietary technology to help hospitals and health systems resolve complex motor vehicle and workers' compensation accident claims. Additionally, through its Payment Integrity division based in Ft. Lauderdale, FL, MRA provides underpayment identification and recovery services that ensure Medicare and Managed Care claims are paid accurately and fully.Read More
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The leading edge CACDI software provider is being recognized as the 2017 Category Leader for CDI Software for the second consecutive year—the company’s third consecutive year leading the field in their space. Best in KLAS rankings celebrate vendors receiving highest provider scores for software and professional services.Read More
Procured Health, a leading provider of technology applications that enable health systems and physicians to align practice with clinical evidence, announced today that it achieved record growth in 2016 for the second consecutive year.Read More
We are pleased to announce the promotion of Grant Blevins to Associate at FCA Venture Partners.
Grant originally joined the firm full-time in the fall of 2014 as an Analyst. He will continue to support the firm in deal sourcing, research initiatives, due diligence, representation at industry conferences and events, and investor communications. Grant has also been a valuable resource to FCA's current portfolio companies by providing ongoing support from potential investor and customer introductions, operational best practices research, and more.Read More
Julie Schulz, MD, MPH, and vice president of research and insights at Chicago-based Procured Health, sees the innovation gap firsthand. She says it occurred because hospitals have historically paid for "evolutionary rather than revolutionary" innovation. "Manufacturers can continue getting away with adding a new bell or whistle every six months because hospitals will continue to pay premiums for that," she says.Read More
Haven, headquartered in Nashville, Tennessee, is a leading provider of specialized inpatient psychiatric stabilization and treatment services to a growing population of older adults with acute psychiatric issues, including depression, anxiety, psychosis or other severe behavioral problems. The Company operates six acute psychiatric facilities in five states, including geriatric and adult psychiatric units and partial hospitalization programs. Haven is well-positioned to benefit from an increased focus on behavioral health treatment as well as the rapidly growing geriatric population in the U.S.Read More
T-Mobile recently acquired 700Mhz wireless spectrum licenses owned by Continuum 700.
This transaction was announced in February, passed FCC regulatory review last month and closed this week.Read More
Pathfinder Health Innovations recognized as one of the most promising Big Data Solution Providers of 2016.
Founded in 2010 with a goal to enhance learning for children on the Autism Spectrum of Disorders (ASD), the Kansas City-based company provides data collection, practice management, and revenue cycle management solutions for autism therapy centers.Read More
MediQuire CEO Klaus Koenigshausen Featured in World Economic Forum... Forget genes: it’s your zip code that influences your health
Improving health outcomes in low-income populations is crucial to slowing rising healthcare costs in developed countries. Significant efforts have gone into driving productivity of hospitals and physicians, implementing checklists to standardize care for populations, and using historical cost data to forecast high-cost patients. Despite these efforts, we are not significantly better off today than we were 10 years ago, and overstretched healthcare budgets, especially for the low income, elderly and disabled, are threatening the financial stability of government balance sheets for generations to come. So, what are we missing?Read More
Procured Health (Procured), a provider of data-driven technologies that improve patient care while also eliminating wasteful spending, announced today it has secured additional funding from healthcare industry investors, led by Heritage Group, a venture-capital firm backed by some of the nation's leading healthcare companies, and with participation from Health Insight Capital, a subsidiary of HCA.Read More