Revenue cycle management company MedEvolve has been acquired by Emergence, a permanent equity firm providing long-term capital and tailored support to software companies.
Under Emergence’s ownership, MedEvolve will expand its investment in data science, automation and AI-driven analytics, according to a Nov. 11 news release. The investments are aimed at accelerating the development of next-generation technologies to improve labor effectiveness, reduce administrative waste and increase operational efficiency across the revenue cycle.
“With Emergence behind us, we will accelerate development of new AI capabilities to help healthcare organizations meet our new benchmarks, expand operational capacity across the revenue cycle and reclaim margin lost to administrative waste so they can focus on delivering exceptional clinical care to their communities,” MedEvolve CEO Matt Seefeld said in the release.
