MedEvolve, Inc., a pioneer in AI-powered revenue cycle automation and analytics, announced its acquisition by Emergence, an enterprise backed by The Pritzker Organization.
The strategic transaction combines MedEvolve’s Effective Intelligence® platform – which integrates workflow automation, analytics, benchmarks and generative AI – with Emergence’s long-term orientation and deep software expertise. MedEvolve’s technology captures millions of workflow actions across the revenue cycle creating a proprietary dataset combined with advanced algorithms that power a new generation of industry benchmarks. These benchmarks give leaders real-time visibility into workforce performance, process breakdowns, and technology gaps.
“Coming out of management consulting in 2006, I saw the opportunity to develop software, specifically workflow automation and analytics, that could drive accountability and measurable performance across the complex revenue cycle,” said Matt Seefeld, CEO of MedEvolve. “Nearly twenty years later, that vision is more urgent than ever as healthcare organizations fight to maintain financial solvency. With Emergence behind us, we will accelerate development of new AI capabilities to help healthcare organizations meet our new benchmarks, expand operational capacity across the revenue cycle and reclaim margin lost to administrative waste so they can focus on delivering exceptional clinical care to their communities.”
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Healthcare providers are facing unprecedented financial pressure as costs rise, patient responsibility increases, and payers deploy AI to deny claims all while uncompensated care continues to climb. MedEvolve’s solutions give leaders the data-driven visibility needed to address these challenges head-on and strengthen the financial sustainability of their organizations.
“We are investing not just in MedEvolve’s technology, but the future of operational intelligence in healthcare,” said Henry T. Zhang, CEO of Emergence. “Matt and his team have built a platform that translates millions of data points into actionable insights about how people, processes, and technology perform. Our partnerships are built on shared vision. We will help MedEvolve accelerate its innovation and deliver even greater impact for providers nationwide. We believe MedEvolve will further our work to deliver even greater impact across healthcare.”
Under Emergence’s ownership, MedEvolve will expand its investments in data science, automation, and AI-driven analytics, accelerating development of next-generation technologies designed to improve labor effectiveness, reduce administrative waste, and increase operational efficiency across the revenue cycle. Both companies share a long-term commitment to building enduring, AI-driven solutions that help healthcare organizations operate more efficiently and sustainably.
Source: Businesswire