Fulcrum Equity Partners announced today that it has invested in iHealth Solutions, LLC (iHealth) as part of its recent acquisition of DNA Healthcare Inc. (DNAH).
iHealth navigates hospitals, physician practices, clinics and other partners from fee-for-service healthcare models to value-based care. Driven by some of healthcare's most experienced leaders, iHealth delivers superior innovation and technology-enabled services to ensure their customers and partners are successful with every major payment and care delivery model in America today as well as models that are emerging for tomorrow.
"iHealth is addressing one of the most acute needs in healthcare today -- the effective use of innovation to optimize the clinical, financial and administrative functions of transitioning from fee-for-service to outcomes-based payment models," said Philip Lewis, a Principal with Fulcrum Equity Partners. "We were particularly excited about iHealth due to the depth of the management team, including CEO Venkat Sharma, who previously started and helped build iMedX into one of the largest transcription/coding businesses in the U.S.; COO Sreeram Mantha, who prior to growing DNAH built InfoSpan Technologies into a leader in financial technology outsourcing; and the addition of Justin Barnes with his outstanding track record including leadership roles at Greenway Health and RelayHealth."
"The support of a highly successful firm like Fulcrum validates our market position and approach," said Venkat Sharma, Chief Executive Officer of iHealth. "These funds will allow us to expand our customer base, provide a richer suite of products and services, and ensure that we have the expert resources in place to help providers thrive in the value-based payment models that will define the future of revenue cycle performance™. We will also be working with Fulcrum to identify strategic acquisitions to strengthen our product offerings and expand our customer base."
"iHealth is the only innovator focused on integrating revenue cycle management with business intelligence, analytics, care coordination and population health to create a true revenue cycle performance strategy for each customer," said Justin Barnes, Chief Growth Officer. "We are so confident that we can deliver superior results that iHealth proudly goes "at-risk" with our customers and partners, so we are only successful when our customers and partners succeed."
About Fulcrum Equity Partners
Fulcrum Equity Partners is a growth equity fund based in Atlanta, Georgia that is focused primarily on information technology, healthcare and technology-enabled business service companies. Fulcrum provides initial equity financing of $3-$8 million and invests up to $15 million over the life of an investment to meet a wide range of needs, including internal growth initiatives, acquisitions, management buy-outs, shareholder liquidity and recapitalizations. Additionally, the partners have over 100 years of relevant experience, including operations, venture capital, mezzanine finance, accounting, law, investment banking and strategy consulting.www.fulcrumep.com
About iHealth
iHealth partners with healthcare providers to navigate the evolving value-based payment models and to thrive in the rapidly changing healthcare environment. iHealth offers Revenue Cycle Performance™, which includes comprehensive revenue cycle services, and supports population health and care coordination through a robust, innovative technology suite and high-touch professional services. www.iHealthInnovations.com
