< + > Access Healthcare Announces Growth Investment from New Mountain Capital

Investment Supports Access Healthcare’s Plans to Accelerate Transformation of Revenue Management for Healthcare Organizations

Access Healthcare, a leading technology-enabled platform for revenue cycle management (RCM), today announced a strategic investment from affiliates of New Mountain Capital, LLC, a leading growth-oriented investment firm with approximately $55 billion in assets under management. This investment will support Access Healthcare’s next phase of growth, focusing on advancing its capabilities in artificial intelligence, workflow automation, product development, and expanding into new markets. The Access Healthcare leadership team will continue to steer the organization and lead this next stage of growth and innovation.

Access Healthcare partners with many of the largest U.S.-based healthcare organizations to deliver best-in-class revenue cycle operations allowing providers to drive operational efficiency, reduce costs, and improve care for patients. Access Healthcare has built one of the most efficient RCM platforms in the industry processing more than 400 million transactions annually. The platform combines data, proprietary workflow automation, and deep healthcare domain expertise to drive value for healthcare organizations.

Serial entrepreneurs Anurag Jain and Vardhman Jain founded Vision Healthsource in 1997, a leading provider of billing and claims solutions for healthcare organizations. Vision Healthsource was later acquired by Perot Systems and subsequently by Dell Services in 2009. This pioneering model of leveraging technology and automation at scale alongside exceptional talent was embedded in the DNA of Access Healthcare. Access Healthcare’s global delivery centers, domain expertise, and technology platform are among its most valuable differentiators.

“Healthcare organizations are facing unprecedented challenges in navigating complex reimbursement systems and the need to maintain financial sustainability,” said Anurag Jain, Chairman and CEO at Access Healthcare. “New Mountain has a strong track record of partnering with founder-led businesses, and I am confident that, together, we can accelerate our efforts to support clients to overcome these obstacles. By delivering innovative, technology-driven solutions to clients, our platform not only improves their financial performance but also enhances the overall patient experience.”

“This is an exciting announcement that marks a significant milestone for Access Healthcare. Through our partnership with New Mountain, we are positioned to scale more rapidly, invest in next-generation technologies, and continue providing the platform upon which our clients rely. By combining our strengths, we will drive innovative solutions and create even greater value for the healthcare industry,” said Vardhman Jain, Vice Chairman at Access Healthcare.

“Since inception, we have focused on delivering exceptional service quality and building a world-class workforce,” said Shaji Ravi, President and Managing Director at Access Healthcare. “This partnership brings strategic support to accelerate growth and cement our position as a market leader. Most importantly, unparalleled professional development opportunities will be unlocked for the very people who have been central to our success from the beginning.”

Kumar Shwetabh, President and Chief Growth Officer at Access Healthcare added, “We have experienced exceptional growth by prioritizing our clients and consistently exceeding their expectations. This partnership with New Mountain will accelerate growth opportunities for our employees and bring transformative outcomes to our clients.”

“We have long admired the Access Healthcare business, its leadership team, and the company’s reputation for world-class service quality, client outcomes, and innovation in the healthcare revenue cycle management space,” said Matt Holt, Managing Director and President, Private Equity at New Mountain. “New Mountain’s deep experience in healthcare and provider technology, as well as its philosophy of building great businesses will help accelerate Access Healthcare in this next phase of growth. We are excited to support Access Healthcare as the company advances its strategic vision of becoming a leading revenue management platform for healthcare providers by investing in cutting-edge technology and AI capabilities while building on its strong market reputation and client relationships.”

Advisors

Jefferies LLC served as the lead financial advisor to Access Healthcare. Sidley Austin LLP and Shardul Amarchand Mangaldas & Co. provided legal counsel. Ernst and Young served as financial, commercial, and tax advisors.

About Access Healthcare

Access Healthcare, founded in 2011 and based in Dallas, Texas, is a leading technology-enabled revenue cycle management platform that serves as a trusted partner to healthcare providers and stakeholders, that delivers significant savings for its clients by optimizing operations across the front-end, mid-cycle, and back-end of the revenue cycle. For more information on Access Healthcare, please visit accesshealthcare.com.

About New Mountain Capital

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than excessive risk, as it pursues long-term capital appreciation. The firm currently manages private equity, strategic equity, credit, and net lease real estate funds with nearly $55 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information, visit newmountaincapital.com.

Originally announced January 14th, 2025

< + > 1m Raises $10 Million in Series A Funding to Bring Modern Risk Management Capabilities to Healthcare Organizations

Financing Includes Substantial Participation from Prominent Health Organizations—Banner Health and Cleveland Clinic

1m Sets the Standard in Risk Management for Healthcare Systems with First Industry-Specific Offering

1m, a data and analytics technology company serving the risk management needs of large healthcare organizations, announced today that it has raised $10 million in Series A financing. The round consists of $7.3 million in venture funding and $2.7 million in converted securities. Funding has been led by Banner Health, with participation from Cleveland Clinic, Stanford Health Care, St. Charles Health System, Carle Foundation, and First Derivative Capital. Alongside the financing, representatives from Banner Health and Cleveland Clinic will be joining the 1m Board.

Led by former Goldman Sachs healthcare investment bankers Jeff Ellis and Chris Giuliano, 1m has developed a SaaS-based platform purpose-built to help healthcare systems manage financial, operational, and regulatory risk. The platform leverages robust data, analytics, and monitoring tools that integrate seamlessly into existing risk management workflows to deliver timely, high-ROI decision support and anomaly detection.

The Series A funding will be used primarily to support the company’s go-to-market efforts, hire more technical talent, and expand its intellectual property.

“Financial sustainability is a critical challenge for healthcare systems dealing with razor-thin operating margins and rising costs. These organizations also face significant threats in the form of cyber risks, workforce shortages, extended revenue cycles, and growing regulatory requirements,” said Jeff Ellis, Co-CEO at 1m. “We’re providing healthcare systems with a comprehensive and consistent view of risk across their organizations so that leaders can take effective action faster.”

Healthcare providers face challenges with risk management for a variety of reasons. Horizontal systems don’t reflect the specific complexities of the healthcare business model such as complex reimbursement models, high-stakes patient safety and quality requirements, and stringent data privacy and security needs. Risk management activities are also frequently siloed, using legacy technologies and people-dependent processes. As a result, it is difficult to obtain an accurate and comprehensive view of risk across the organization, leading to duplicate efforts, increased costs, and extended cycle times.

“Value-added risk management capabilities shouldn’t be a luxury reserved for large organizations,” said Chris Giuliano, Co-CEO and CTO at 1m. “Affordability is key, and while automation helps, it’s not enough on its own. The solution lies in enabling risk management teams to co-own financial sustainability alongside the broader organization. That’s why we’re integrating data monitoring and anomaly detection into the risk management function—tools designed to drive margin improvement.”

1m has designed its platform in close collaboration with leading health systems. It offers a centralized source of truth that unifies enterprise risk, internal audit, and compliance teams into a cohesive risk management program. Specific capabilities include:

• End-to-end risk assessment workflow tools, reducing administrative burdens
• Continuously updated, healthcare-specific risk datasets to flag emerging threats
• Quantification of operating and balance sheet risks and seamless integration with long-term financial and strategic planning
• Leadership-friendly dashboards with risk management program outputs to ensure engagement at the highest levels
• Built-in risk mitigation support, via proprietary data monitoring and anomaly detection tools

“Our partnership with 1m has allowed us to transform our risk management process, which is key to our strategy for sustainable growth,” said Scott Nordlund, Banner Health Chief Growth and Strategy Officer. “This cutting-edge solution unifies risk activities across the organization. We can foster executive and board engagement, embed risk insights into key decisions, navigate uncertainty, and ensure that Banner maximizes its resources for what matters most—patient care.”

“The leadership team at Cleveland Clinic recognizes the value of data-driven insights in guiding our organizational and financial strategies,” said Dennis Laraway, Executive Vice President and Chief Financial Officer at Cleveland Clinic. “The ability to leverage risk-aware analytics provides a quantitative approach to risk management. Looking ahead, the development of a comprehensive healthcare industry risk dataset has the potential to transform our future state, empowering us with the intelligence needed to improve the economics of care.”

About 1m

1m is a data and analytics technology company serving large healthcare organizations through a B2B SaaS model. The company is setting the standard for risk management in healthcare, with an end-to-end risk management and data monitoring platform designed for Enterprise Risk, Internal Audit, Compliance, and Finance teams. For more information, visit 1mplatform.com.

Originally announced December 12th, 2024

< + > Stargate could lead to AI models that are smaller and faster

As the White House-backed project seeks to drive the evolution of artificial intelligence computational processes, demand for GPU servers may push the development of lighter-weight machine learning models, says an ICD researcher.  

< + > This Week’s Health IT Jobs – February 5, 2025

It can be very overwhelming scrolling though job board after job board in search of a position that fits your wants and needs. Let us take that stress away by finding a mix of great health IT jobs for you! We hope you enjoy this look at some of the health IT jobs we saw healthcare organizations trying to fill this week.

Here’s a quick look at some of the health IT jobs we found:

• Healthcare Analyst – RadGov Inc.
• Digital Health Strategy & Partnerships – PrecisePK
• EHR Applications Specialist – ECU Health
• Clinical Transformation Analyst – Stony Brook Medicine
• Director-Quality and Safety – Indiana University Health
• Professional Billing IT EPIC Principal Analyst (Hybrid) – Boston Children’s Hospital
• Quality Improvement Coordinator – Parrish Medical Center
• Dir, IT Clinical Systems – Phoenix Children’s
• Patient Reg Rep – OhioHealth
• Senior Application Analyst and Developer, Epic Cadence and Referrals – HealthPartners
• Data Integration Manager – Health First
• HIM Records Technician – Chase Brexton Health Care
• Medical Director Utilization Management – Huntington Health
• Director of Client Services – Access Healthcare Services
• Device Support Tech II – Sutter Health
• Health Information Manager – Medasource
• Coding Coordinator – BayCare Health System
• Systems Analyst IT, Sr – North Memorial Health
• ROI Medical Records Specialist – MRO
• IT Product Manager – Vanderbilt University Medical Center

If none of these jobs fit your needs, be sure to check out our previous health IT job listings.

Do you have an open health IT position that you are looking to fill? Contact us here with a link to the open position and we’ll be happy to feature it in next week’s article at no charge!

*Note: These jobs are listed by Healthcare IT Today as a free service to the community. Healthcare IT Today does not endorse or vouch for the company or the job posting. We encourage anyone applying to these jobs to do their own due diligence.

< + > Why are pharma, medical device and DTx companies investing in telemedicine?

One virtual care CEO says telehealth is improving care for rare and complex diseases, helping compounding pharmacists – and continually improving with artificial intelligence.

< + > What to look for with health IT policy in the months ahead

"Health IT has always been a non-partisan area for policy makers, so I expect that will largely remain the case," says longtime policy leader Leigh Burchell.

< + > Dallas-Based Healthcare IT Leader Secures $53M Investment to Transform Patient Care and Expand Global Reach

SpinSci, a pioneering SaaS-based healthcare technology company, has secured a $53 million majority investment from Aldrich Capital Partners, cementing its position as an innovator in healthcare IT. This funding accelerates SpinSci’s hyper-growth across patient access care, clinical collaboration, and patient financial services.

With its roots in Dallas, SpinSci has quickly disrupted the healthcare landscape by delivering AI-driven solutions that enhance patient interactions for major healthcare providers. Its innovative SaaS workflows empower health systems to deliver integrated, value-based care through seamless digital experiences. From human-assisted contact centers to GenAI-powered self-service tools, SpinSci supports the entire patient journey—from intake and scheduling to billing, pharmacy coordination, discharge planning, surveys, and follow-ups. Serving over 40 million patients annually, SpinSci counts top health systems like Baylor Scott & White, Yale, Mercy Hospitals, Reid Health, and Mt. Sinai Florida among its customers.

Fueled by Aldrich Capital Partners’ investment, SpinSci is poised to expand into new markets with its Operator Console solution and Patient Financial Services offerings. The company also plans to strengthen its delivery and operations teams, ensuring it remains a trusted innovation partner for healthcare providers.

“We are thrilled to grow in Dallas, a city that has fueled our success with incredible talent and resources,” said Rajit Kumar, Founder of SpinSci. “This investment recognizes our impact on healthcare IT and empowers us to drive patient-centered innovation that improves healthcare access for millions. I want to thank Nfluence Partners who acted as the exclusive financial advisors for this transaction.”

Mirza Baig, Managing Partner at Aldrich Capital Partners, echoed this enthusiasm, “Rajit and Andy have built a remarkable company. SpinSci’s solutions guide patients intelligently to the most appropriate care. We’re excited to help scale this innovation and expand its transformative impact.”

As SpinSci drives digital health equity and global healthcare transformation, it continues to deliver solutions that enhance clinical collaboration, improve patient access, and optimize financial outcomes. Backed by cutting-edge technology and a customer-first ethos, SpinSci is shaping the future of healthcare.

Originally announced December 11th, 2024