Revenue cycle management company DCS Global has receives a growth investment from Tritium Partners.
Following the recapitalisation, the company continue to be led by CEO Manoj Chhabra and COO Babita Jain. The company will also look to bolster its management, sales and customer support teams.
The company provides a cloud-based suite of software and solutions to help healthcare providers maximise revenue and lower inefficiencies across the revenue cycle. Its platform can help with registration accuracy and identity verification, medical necessity and eligibility, patient estimates and payments, authorizations and order entry, and claim status and denial tracking.
Its technology serves as an electronic collaboration solution between patient, provider, and payer, helping payment collection, billing, payment advising, bill estimating, and card scanning. The company has over 200 hospitals using its services.
This round of funding round will be used to increase the availability of its admission and financial-clearance solutions. Capital will also be deployed to the creation of new product advancements to improve the end-to-end solution.
Tritium Partners partner Matt Bowman said, “DCS is the best-kept secret for healthcare providers needing front-end solutions to better address patient consumerism and payor reimbursement. The company was built by listening to and solving customer needs, and that formula has fuelled remarkable customer satisfaction and growth.”
Earlier in the year, Tritium Partners made an undisclosed recapitalisation and growth investment into online auto refinance marketplace rateGenius. The platform has more than 160 lenders from across the US and helps to connect users with the best interest rates for refinancing cars, trucks and SUVs.
The firm looks to invest into companies that have an EBITDA of between $2m and $15m.
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