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Elevate Patient Financial Solutions secured a strategic investment from Audax Private Equity and Parthenon Capital to enhance growth. This partnership will bolster Elevate's offerings to hospitals and health systems.

Aug 04, 202525 days ago
SpringHealth CareInformation Technology

Investors

Parthenon CapitalAudax Private Equity

Description

Elevate Patient Financial Solutions announced a strategic investment from Audax Private Equity and Parthenon Capital. The investment provides essential resources to support growth initiatives and acquisitions. Elevate aims to enhance its value proposition for hospital clients with these funds. The company is excited to partner with firms that specialize in building healthcare businesses.

Company Information

Company

Elevate Patient Financial Solutions

Location

Spring, Texas, United States

About

Elevate Patient Financial Solutions® is a trusted partner who delivers superior RCM solutions to hospitals, health systems, and health providers nationwide. For more than 40 years, we've been developing and continually refining our best-in-class services and innovative, specialized technology, to address the most complex challenges of the revenue cycle. We've carefully built teams with unmatched industry experience and service-specific expertise, and our commitment is to deliver on our promises, seek continuous improvement, and the pursuit of excellence to deliver results for our clients. Our services include Eligibility & Disability, Self-Pay, Third Party Liability, Workers' Compensation, Veterans Administration, COB Denials, Out-of-State Eligibility, and A/R Services, including A/R billing and insurance follow up, legacy conversions and project-specific aged A/R work down. With in-depth, state-specific knowledge and a coast-to-coast presence, ElevatePFS delivers exceptional performance and an unmatched client experience.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers