CHICAGO – October 7, 2024 – Accel-KKR has acquired First Analysis portfolio company VisiQuate, a provider of advanced revenue cycle analytics, AI-powered workflow and automation solutions. The strategic partnership leverages Accel-KKR’s extensive resources and strategic expertise to accelerate product innovation and expand VisiQuate’s team.
VisiQuate offers a leading platform for revenue cycle analytics, workflow and automation for health systems, maximizing visibility and efficiency within revenue cycle operations teams and driving transformational business and financial health for clients.
Brian Robertson, founder and CEO of VisiQuate, said, "Healthcare revenue cycle management continues to be burdened with too much waste, inefficiency and dissatisfaction -- and the combined financial angst is mounting at an accelerating pace. We remain passionate and relentless in our pursuit of solutions that drive meaningful change, elevate management, staff and C-suite objectives, and most importantly, deliver undeniable ROI. We are grateful to the First Analysis team for their support and expertise over the years and are excited to partner with Accel-KKR to continue to help more healthcare systems achieve peak financial performance".
First Analysis Managing Director Howard Smith said, “We are proud to have been part of VisiQuate’s journey to becoming a leader in revenue cycle management through its advanced analytics and AI-powered workflow automation software. We wish Brian Robertson and the entire VisiQuate team success in their next chapter.”
About First Analysis
First Analysis is a leading venture capital investor focused on B2B technology businesses. We have one of the longest records in venture capital, having invested more than $835 million across multiple highly diversified funds over four decades. First Analysis invests mainly in North America with a focus on our sectors of expertise, including cybersecurity, e-commerce optimization, enterprise productivity, future of work, go-to-market tech, healthcare IT, infrastructure tech, Internet of Things, learning tech, pharma IT and vertical SaaS. We help established companies become profitable leaders in large markets, funding growth plans and working closely with management in areas including strategy, recruitment, sales and marketing, and corporate development. Our flexible approach targets investing $3-10 million as lead investor or as a syndicate partner bringing valuable perspective. For more information, visit www.firstanalysis.com.
About VisiQuate
VisiQuate, a leading provider of advanced revenue cycle analytics and AI-powered workflow automation software, dramatically improves performance and reduces process waste. For nearly two decades, VisiQuate has partnered with hospitals and health systems to markedly improve their top and bottom lines. VisiQuate delivers optimized enterprise outcomes through a unique combination of complex data curation, deep AI and machine learning, advanced analytics and intelligent process automation. VisiQuate’s revenue cycle analytics, workflow and automation has shifted revenue cycle management from a manual, low visibility, unpredictable and sub-scale function to an automated, efficient and high performing strategic advantage. The company is headquartered in Santa Rosa, Calif., with offices in Harrisburg, Pa., and Dallas, Texas. Visit www.visiquate.com to learn more.
For more information, please contact:
Howard Smith
Managing Director
hsmith@firstanalysis.com
312-258-7111
Media contact:
David Leshuk
Managing Director
dleshuk@firstanalysis.com
312-258-7131