Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, has made an investment in Practice Insight.
Practice Insight, headquartered in Houston, Texas, provides revenue cycle management and electronic data interchange solutions that help healthcare providers manage the reimbursement cycle. The Company’s suite of products enables healthcare practitioners to digitise, automate, and manage every stage of the revenue cycle workflow, reducing bad debt, shortening the collection cycle, and minimising the administrative support required to manage the reimbursement process. Practice Insight serves over 56,000 physicians across 150+ specialties nationwide through a network of reseller relationships.
“The Practice Insight team is excited about our new partnership with Yukon, and we look forward to their support as the Company enters its next stage of growth,” says Houston Johnson, CEO of Practice Insight. “We have known Mike Furey for many years and appreciate his knowledge and understanding of our business and industry.”
Furey, Partner of Yukon, adds: “In an environment of increased reimbursement pressure and administrative burden, healthcare providers need technology solutions to help them accurately and cost-effectively manage their revenue cycle. We have been impressed by Practice Insight’s ability to consistently develop proprietary solutions that address the evolving needs of physician practices.”
