Revenue cycle management platform ImagineSoftware has received a strategic investment from Mountaingate Capital.
This investment marks Mountaingate’s fifth deal from its debut vehicle, which closed on $395m last year.
Founded in 2000, ImagineSoftware provides billing automation software and revenue cycle management applications for medical billing offices, practices, and hospitals. Currently, the company helps bill for more than 46,000 physicians in radiology, anesthesia, emergency medicine pathology, and others.
Its AI technology helps to collect patient payments, customise bills, and assess their ability to pay. Clients can implement ImagineSoftware’s solution to streamline and automate various tasks along the billing cycle to remove workflow issues and provide patients with a portal to track their payments.
Mountaingate managing director Stew Fisher said, “We are very excited to partner with Sam and Imagine’s deep and passionate leadership team. Imagine is a forward-thinking leader in helping billing companies and medical practices streamline and improve billing efforts. The company’s relentless focus on its customers’ success truly sets it apart and has positioned the company for continued growth.”
The Denver-based firm looks to invest in companies within the marketing services, specialty manufacturing, specialty distribution, and business services industries that have an EBITDA between $5m and $25m.
Earlier in the week, fellow revenue management software company Ontario acquired Justice Systems to support its services for the legal industry.
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