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Arch Advantage acquired by private equity group

3P Capital, a Chattanooga-based private equity firm specialising in acquisition of high growth potential companies, has acquired Arch Advantage.

“With the evolving landscape of medical billing and insurance coverage, we see this as strategic investment,” says John Ballantyne, partner at 3P Capital. “Arch Advantage bridges a financial gap, allowing consumers to help patients get the care they need at an affordable payment plan, while serving as a catalyst for medical providers to grow their business.”
 
For medical providers, the Arch Smart Engine evaluates a patients “payment worthiness” over credit ranking, allowing medical providers to expand their practice to patients who may otherwise be denied service.
 
"In the market, we are finding that the power of the Arch Smart Engine, combined with professional payment lifecycle management of Arch Advantage staff is filling a real need to patients and providers,” says Tim Corey, director of business development for Arch Advantage. “Arch Advantage is the new financial solution alternative for patients to receive care, and providers are really excited about this product.”

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