eSolutions Acquires Practice Insight to Enhance Revenue Cycle Management with Big Data

On June 20, 2019, VCBeat (WeChat ID: vcbeat) learned that eSolutions had acquired Practice Insight, a portfolio company of Eli Global, under the advisory of Harris Williams, a global investment bank specializing in mergers and acquisitions consulting. The transaction was led by Sam Hendler, Dan Linsalata, and Mike Quealy of the Harris Williams Group. No financial terms of the acquisition were disclosed.

eSolutions is a medical technology company founded in 1999 and headquartered in Kansas, USA. The company specializes in providing user-friendly revenue cycle and workflow management tools, complemented by data analytics and insights, to enhance efficiency and maximize time savings for healthcare providers and patients. For over two decades, a diverse range of stakeholders, including some of the largest acute care organizations and health systems in the United States, have trusted eSolutions for its innovative, dynamic solutions and high-quality customer service.

“eSolutions will continue to enhance its revenue cycle workflow software services, strengthen the relationships among payers, healthcare providers, and patients, and develop new solutions that meet the needs of the healthcare industry,” added Dan Linsalata, a director at Harris Williams.

Practice Insight, founded in 2003 and headquartered in Houston, Texas, USA, is dedicated to providing customers with proprietary software-as-a-service (SaaS) solutions. The company’s proprietary platform, EDIinsight, leverages robust consumer connectivity and seamless integration with providers to optimize the entire healthcare billing process, while offering patients greater transparency, convenience, and payment flexibility.

Practice Insight partners with hundreds of leading medical practice management software vendors in North America, providing solutions to over 70,000 healthcare providers across all 50 U.S. states. In addition to connecting providers with payers to streamline the claims process, Practice Insight’s software enables healthcare providers to track claims in real time.

Harris Williams, founded in 1991 and headquartered in Richmond, Virginia, with offices in Massachusetts, California, Pennsylvania, and Minnesota, is an investment bank specializing in mergers and acquisitions advisory services, providing strategic advice and financing solutions to mid-cap public companies.

Harris Williams’ TMT Group provides advisory services on M&A and financing transactions to leading global private and public companies, entrepreneurs, private equity firms, and venture capital firms. The TMT Group possesses deep expertise in the software, internet, and digital media sectors, with specialized healthcare IT (HCIT) experience particularly in verticals such as education technology, data analytics, energy technology, financial technology, the public sector, and logistics. In these vertical markets, the firm also advises businesses providing technical services and network solutions.

(Compiled by Cheng Tao)