Healthfuse continues its mission of supporting hospitals and the patient communities they serve

InTandem Capital Partners, LLC (“InTandem Capital” or the “Firm”), a healthcare services focused private equity firm, announced today that it has completed a strategic equity investment in Healthfuse (the “Company”), the industry leader in revenue cycle vendor management.

Founded in 2011 and headquartered in Milwaukee, Wisconsin, Healthfuse combines proprietary technology, analytics, and research to improve vendor performance, optimize collections and reduce costs for its healthcare organization clients. Over its history, Healthfuse has delivered more than $1.5 billion in bottom-line improvements for its clients.

Nick Fricano, Co-Founder and CEO of Healthfuse stated, “I am proud of our team’s success over the past several years and believe that InTandem’s investment is a recognition and validation of our mission: protecting and strengthening the bottom line for hospitals so they can protect and strengthen their patient communities. InTandem’s investment approach matches our values at Healthfuse and their unique operational capabilities and exclusive healthcare focus will allow us to continue to build our Company at a tempo that matches our passion.”

“In an environment where hospital and health systems are under constant pressure, and nearly one in every six healthcare claims are initially denied by payors, better revenue cycle management solutions are desperately needed,” stated Brad Coppens, Senior Partner at InTandem Capital. “Outsourcing RCM functions is not nearly enough to deliver meaningful improvement, and Healthfuse is the antidote, delivering proprietary, data-driven insights and a client services team to roll up their sleeves next to their provider partners. We’re thrilled to partner with Nick Fricano and the Healthfuse team to further Healthfuse’s leadership position in delivering performance excellence in the healthcare revenue cycle.”

Goodwin Procter served as legal counsel to InTandem Capital, and TripleTree served as the Firm’s exclusive financial advisor. Cantor Fitzgerald & Co. served as the Company’s exclusive sell-side financial advisor and Bass, Berry & Sims served as legal counsel to Healthfuse.

About InTandem Capital Partners

InTandem Capital Partners is a private equity firm that invests in and helps accelerate the growth of select healthcare services companies. Its goal is to build excellent businesses of significant value working collaboratively with its management team partners. InTandem is solely focused on investing in businesses that align closely with the Healthcare Quintuple Aim – the simultaneous pursuit of enhanced patient experience, elevated provider experience, improved clinical outcomes, greater healthcare equity, and lower cost of care delivery. The firm is comprised of former business executives and experienced investors, and is uniquely qualified to provide strategic, acquisition and operating expertise to help companies significantly increase their value and their contribution to an improved healthcare system. InTandem provides active support to the management of its portfolio companies directly and leverages its network of industry executives to augment its capabilities. For further information, please visit intandemcapital.com.

About Healthfuse

Healthfuse helps hospitals build, operate, and optimize their revenue cycle vendor management office and guarantees bottom-line improvement using a combination of proprietary technology and analytics, research, and performance management. Founded in 2011, Healthfuse has delivered over $1.5B in cost savings and collections improvement to its clients­—a network of 350+ hospitals nationwide. Follow Healthfuse on LinkedIn. Learn more at healthfuse.com.

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