PR Newswire
Four industry leaders unite under new brand following the close of Machinify acquisition
Machinify, Inc., a leading healthcare intelligence company with expertise across the payment continuum, unveiled its new brand identity, reflecting the company’s focus on the future of healthcare intelligence and payment integrity (PI). The announcement coincides with the close of New Mountain Capital, LLC’s (“New Mountain”) acquisition of Machinify. Previously, New Mountain combined The Rawlings Group (“Rawlings”), Apixio’s Payment Integrity business (“Apixio PI”), and VARIS to create one entity; and now, these four industry leaders together are well-positioned to deliver powerfully simple, comprehensive, and clear solutions to revolutionize healthcare payments.
“As healthcare organizations look to remove friction and deliver the highest quality of care, Machinify is reimagining the payment process,” said David Pierre, CEO of Machinify. “Now that we have officially brought together four leading companies under one vibrant new brand, we are investing our unrivaled expertise, AI-powered technology, and relentless focus toward streamlining healthcare payments. By making the process simpler, smarter, and transparent, we will improve the experience and drive down costs for everyone.”
Catch more Fintech Insights : Global FinTech Interview with Steve Cover, CTO, iPipeline
The combined company’s new brand highlights Machinify’s intent to transform healthcare payments and build a foundation for healthcare administration that benefits all stakeholders.
These values are highlighted in its new purpose statement, which states: as a leading healthcare intelligence company, Machinify is constantly reimagining what’s possible in the industry—creating disruptively simple, powerfully clear ways to maximize clients’ financial outcomes—and drive down healthcare costs for everyone.
Matt Holt, Managing Director and President, Private Equity, at New Mountain Capital said, “Under a unified brand, Machinify will serve as a catalyst for change and efficiency within the healthcare payment system. New Mountain continues to push for streamlined, transparent solutions, and bringing these four companies together reflects that.”
Machinify and its legacy sub-brands bring together 2,000+ employees—including teams of highly accomplished developers, data scientists, and clinical, coding, and legal experts—all of whom serve more than 60 health plans, including 13 of the top 20 payers.
Read More on Fintech : Global Fintech Series Interview with Tate Hackert, President and Co-founder of ZayZoon
[To share your insights with us, please write to psen@itechseries.com ]
