H.I.G. Capital Strengthens Position with GetixHealth Investment

H.I.G. Capital Completes Acquisition of GetixHealth

H.I.G. Capital, a premier global alternative investment firm with a substantial portfolio valued at $68 billion, has recently announced a compelling strategic investment in GetixHealth, LLC. This collaboration marks a significant step forward in enhancing the offerings of GetixHealth in the realm of healthcare revenue cycle management (RCM).

GetixHealth specializes in delivering advanced RCM solutions to healthcare providers, presenting a comprehensive array of services that cover patient responsibility management, eligibility and enrollment processes, third-party claims resolution, patient access facilitation, and insurance billing. The expertise of GetixHealth is further amplified by the utilization of cutting-edge technology tools, extensive knowledge in healthcare RCM, and three decades of industry experience.

Healthcare providers partnering with GetixHealth are poised to benefit immensely. They can expect enhancements in patient experience, streamlined administrative workflows, cost reductions, improvements in cash conversion cycles, and strict adherence to regulatory standards. The integration of innovative technologies allows GetixHealth to remain at the forefront of the healthcare financial landscape.

As H.I.G. partners with GetixHealth management, the focus will be on fostering ongoing growth initiatives within the platform. Kevin Lonergan, the CEO of GetixHealth, expressed enthusiasm about this partnership, stating, "Over the past decade, we have committed significant resources towards building our team, refining our solutions, and developing proprietary technologies to establish GetixHealth as a key ally for healthcare providers. Given the intricate reimbursement environment and shifting regulatory landscape, our clientele increasingly relies on us to overcome their revenue cycle hurdles. Collaborating with H.I.G. enables us to tap into their substantial resources and extensive RCM expertise to further elevate our services."

Anthony Chambers, Managing Director at H.I.G., recognized the pivotal role of GetixHealth among healthcare providers, citing, "GetixHealth plays an essential role for many of the country’s leading health systems. We are truly impressed with the Company’s capabilities and its outstanding reputation within the industry. Our commitment is to uphold and advance their best-in-class services while collaborating with their team to enhance technology and operational excellence."

About GetixHealth

GetixHealth stands as a prominent leader in the provision of revenue cycle management solutions tailored for the healthcare sector. The Company is committed to transforming patient experiences and bolstering financial outcomes for healthcare providers. Through innovative technologies and extensive service offerings, GetixHealth has established itself as a fundamental partner in healthcare revenue management since its inception in 1992.

About H.I.G. Capital

Founded in 1993, H.I.G. Capital has positioned itself as a leading global alternative investment firm, currently managing capital assets of about $68 billion. With a strategic focus on providing financial solutions to middle-market companies, H.I.G. engages in both equity and debt investments, facilitating management buyouts, recapitalizations, and more. Their portfolio boasts over 100 companies, producing combined revenues exceeding $53 billion.

H.I.G. Capital operates from diverse locations including Miami, Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco, with additional international offices across Europe, Latin America, and Asia. Their operationally focused approach encompasses investment strategies across various sectors, including real estate and infrastructure, aiming to generate sustainable value and enhance client outcomes.

As part of its commitment to operational excellence, H.I.G. supports its portfolio companies with essential resources and expertise, helping them to thrive in competitive markets and to innovate within their industries.

Frequently Asked Questions

What is the focus of GetixHealth's services?

GetixHealth offers a range of revenue cycle management solutions aimed at enhancing administrative efficiencies and patient experiences for healthcare providers.

Who is the Chief Executive Officer of GetixHealth?

The CEO of GetixHealth is Kevin Lonergan, who has played a crucial role in the company’s strategic initiatives and growth.

What is H.I.G. Capital’s investment strategy?

H.I.G. Capital focuses on equity and debt investments in middle-market companies, utilizing a flexible, value-added approach to drive success.

When was H.I.G. Capital founded?

H.I.G. Capital was founded in 1993 and has since established itself as a reputable player in the investment sector.

What sectors does H.I.G. Capital invest in?

H.I.G. Capital invests across various sectors, including manufacturing, services, real estate, and infrastructure, supporting growth initiatives and innovation.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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