NASHVILLE, Tenn.–(Organization WIRE)–Feb 9, 2021–
ProviderTrust, Inc (“ProviderTrust” or the “Company”), the primary provider of healthcare compliance screening, monitoring, and verification equipment to acute and article-acute providers, payers, and their vendors, nowadays announced that it has received a sizeable minority investment from Susquehanna Growth Equity, LLC (“SGE”), an entrepreneur-centric progress fairness business solely centered on net, computer software, and details solutions corporations. Money conditions of the expenditure have been not disclosed. SGE’s expenditure marks ProviderTrust’s to start with sizeable exterior funds funding due to the fact 2012 and furthers the Firm’s mission to develop a safer and smarter health care for sufferers, companies, and payers.
Primarily based in Nashville, ProviderTrust is co-led by Chris Redhage, Michael Rosen and Andrew Luers. ProviderTrust works with acute and write-up-acute vendors, payers, and their suppliers throughout all 50 states. The Company’s expanding roster of customers contain some of the main healthcare corporations in the nation, these as Amerihealth Caritas, Neighborhood Health Devices (CHS), DentaQuest, HCR ManorCare, Kindred Healthcare, Tenet Health and fitness and Vanderbilt University.
ProviderTrust’s goods involve Passport (automatic ongoing monitoring of people today), VendorProof (best-in-class onboarding, workflow instruments and automatic ongoing monitoring for sellers), Sprint (workflow and instantaneous verification for service provider networks) and ExclusionCheck (uncomplicated, self-assistance exclusion queries).
“We are thrilled to welcome Scott Feldman, Shalin Mehta, and the rest of the Susquehanna Progress Equity team to leverage their strategic and money resources,” explained Chris Redhage, Co-Founder and Associate of ProviderTrust. “This investment decision offers substantial possibilities to scale our business enterprise by strengthening our engineering, database and procedures, growing our shopper base, and increasing into new compliance targeted solution categories. We look forward to the up coming phase of our evolution as we continue to increase ProviderTrust and produce robust shopper experiences to the nation’s best healthcare organizations.”
“ProviderTrust continues to outline the on-heading health care compliance monitoring room it made. We are thrilled to be partnering with their management workforce to carry on building on ProviderTrust’s outstanding momentum and customer-to start with ethos,” added Scott Feldman, Controlling Director at Susquehanna Development Fairness.
In conjunction with the transaction, SGE’s Scott Feldman will be part of ProviderTrust’s Board of Administrators, together with Kimberly Rath, Co-founder of TalentPlus and Bo Bartholomew, CEO of Evidence Treatment.
ProviderTrust is the swiftest-growing SaaS corporation in Tennessee and the 90th quickest-increasing SaaS corporation in the country, for each Inc. 5000. The business is the market place leader in the data science of exclusion monitoring, license verification, and sanction screening, with the top goal of serving to the nation’s major health care companies improve the amounts of affected person security and high-quality that they strive to give. To learn additional, make sure you check out https://www.providertrust.com/
ABOUT SUSQUEHANNA Growth Equity:
Susquehanna Development Fairness, LLC (SGE) is an entrepreneur-centric growth equity fund with adaptable cash and time horizons. SGE is exclusively targeted on growth phase internet, application, and data providers firms. The organization has invested over $2B bucks in 60+ marketplace-leading know-how businesses this kind of as Credit Karma, HighRadius, iCIMS, and Payoneer around the final 14 many years, and has portfolio providers across the US, Canada, EU, and Israel. SGE is backed by a unique and affected individual source of funds, which enables the firm to give business people and administration groups flexibility and versatility to improve progress. To master more, be sure to visit www.sgep.com.
Contact: Gasthalter & Co.
Key word: UNITED STATES NORTH The usa TENNESSEE
Market Keyword: Software Follow Administration FINANCE Health and fitness Data Management HOSPITALS Professional Solutions Technologies
Resource: Susquehanna Growth Equity, LLC
Copyright Business enterprise Wire 2021.
PUB: 02/09/2021 08:00 AM/DISC: 02/09/2021 08:01 AM
Copyright Organization Wire 2021.
