Healthfuse gains investment from Alabama private equity firm
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Milwaukee-based
New Capital Partners, a private equity and venture capital firm based in Birmingham, Alabama.
The terms of the investment were not disclosed.
Founded in 2011 by Nick Fricano, Mike Zimmerman and Jon Myhre, Healthfuse provides revenue cycle vendor management services to hospitals and health systems. The startup combines technology, analytics and research to review revenue cycle vendors and help health care organizations establish revenue cycle best practices.
“Health care reimbursement and revenue cycle operations have grown increasingly complex, driving hospitals to work harder with fewer hands and insufficient tools,” Fricano, Healthfuse chief executive officer, said in a statement. “NCP has a proven track record of building high-growth businesses that leverage technology to deliver market-leading performance. I look forward to partnering with them to enhance Healthfuse’s comprehensive d