Location: Orlando, FL
Investment Year: 2012
PatientMatters provides a technology-enabled, managed services offering that assists healthcare providers with the identification and management of the self-pay portion of accounts receivable. The company provides a solution for healthcare institutions that are struggling to address the dramatic change in the composition of their accounts receivable caused by the shift to high deductible health plans and higher co-payments.
Century Investment Thesis
Self-pay, personal deductibles and balance after insurance are growing problems for healthcare providers as payers continue to shift costs towards consumers leading to a fast-growing bad debt problem.
Century Value Add
- Acquisition sourcing and diligence
- Service offering strategy
- Technology and infrastructure investments