InTandem Capital's Strategic Investment in Healthfuse Explained

InTandem Capital Partners Invests in Healthfuse

InTandem Capital Partners, LLC, a private equity firm specializing in healthcare services, proudly announces its recent strategic equity investment in Healthfuse, a recognized leader in revenue cycle vendor management.

Healthfuse: A Pioneering Force in Healthcare Analytics

Founded in 2011 and based in Milwaukee, Healthfuse has developed a unique platform that combines innovative technology, data analytics, and market research to enhance vendor performance. The company's efforts have resulted in over $1.5 billion in savings for healthcare organizations, showcasing its effectiveness in optimizing collections and reducing operational costs.

The Vision Behind Healthfuse

Nick Fricano, Co-Founder and CEO of Healthfuse, expressed pride in his team's achievements, noting that the partnership with InTandem Capital exemplifies recognition of Healthfuse's mission. He emphasized the importance of their commitment to support hospitals in enhancing their financial stability, which ultimately leads to better care for patient communities.

Challenges in Revenue Cycle Management

Brad Coppens, a Senior Partner at InTandem Capital, highlighted the significant pressure faced by hospitals and health systems within the current market landscape. With nearly 16% of healthcare claims facing initial denials by payors, there's an urgent need for advanced revenue cycle management (RCM) solutions. Coppens stressed that merely outsourcing RCM functions won't yield substantial improvements, but Healthfuse’s approach, which provides actionable insights and a dedicated client services team, is a game changer.

Legal Backing and Advisory Roles

InTandem Capital was supported by Goodwin Procter as its legal advisor, while financial advisory services were provided by TripleTree. Healthfuse enlisted Cantor Fitzgerald & Co. as its exclusive sell-side advisor, with Bass, Berry & Sims serving as legal counsel.

About InTandem Capital Partners

InTandem Capital Partners is dedicated to investing in and nurturing growth within prominent healthcare service companies. The firm aims to build value-rich operations while collaborating closely with management teams. InTandem focuses on entities that align with the Healthcare Quintuple Aim–enhancing patient experience, improving clinical outcomes, increasing healthcare equity, elevating provider experience, and reducing care costs. The team consists of seasoned executives and investors ready to leverage their expertise to help companies thrive in today’s healthcare environment.

About Healthfuse

Healthfuse assists hospitals in establishing and optimizing their revenue cycle vendor management offices. By employing proprietary technology, analytics, and effective performance management strategies, Healthfuse guarantees cost savings and enhanced collections for its clients—a network comprising over 350 hospitals nationwide. The company's commitment to excellence continues to solidify its standing as a key player in healthcare analytics.

Frequently Asked Questions

What is InTandem Capital's focus area?

InTandem Capital focuses specifically on healthcare services, investing in companies that aim to improve the quality of care and operational efficiency.

How does Healthfuse benefit its clients?

Healthfuse enhances vendor performance and reduces costs through proprietary technology and analytics, ensuring significant savings and operational improvements for hospitals.

What challenges do healthcare revenue cycles face?

Healthcare revenue cycles often struggle with issues like high claim denial rates, necessitating efficient management solutions to improve collections.

When was Healthfuse founded?

Healthfuse was established in 2011 and has since played a crucial role in optimizing revenue cycles for healthcare organizations.

How significant is InTandem's investment?

The investment from InTandem Capital reinforces Healthfuse’s position in the market and supports its growth strategies to better serve healthcare providers.

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