What You Should Know:
– HCAP Partners, a California-based private equity firm and leading impact investor, today announced its investment in Apprio, a provider of specialized healthcare technology solutions and services focused on automation.
– While terms of the investment remain undisclosed, the partnership highlights HCAP’s commitment to fostering innovation in healthcare and supporting diverse-owned businesses.
Addressing Critical Challenges in a Changing Healthcare Landscape
Apprio’s solutions address critical challenges facing the healthcare industry, particularly in the wake of the COVID-19 pandemic and the potential loss of Medicaid coverage for millions. Their flagship offerings include:
– EnrollmentMax™: A next-generation patient enrollment platform that helps hospitals secure medical insurance coverage for uninsured patients, ensuring access to essential care.
– RpaMax™: A suite of robotic process automation (RPA) platforms that streamline key revenue cycle functions, boosting efficiency and reducing costs for healthcare systems.
By automating repetitive tasks and providing actionable insights, Apprio’s solutions deliver a triple win:
– Increased Revenue: Streamlined workflows and improved claims processing lead to increased revenue for healthcare organizations.
– Reduced Costs: Automation eliminates manual errors and enhances operational efficiency, leading to cost savings.
– Optimized Care Delivery: Improved revenue cycle functions and patient access to insurance enable healthcare providers to focus on delivering quality care.
“We’re looking forward to the potential impact of Apprio’s advancements as they not only drive operational efficiency for hospitals but also address the critical issue of uninsured patients and contribute to substantial cost savings for healthcare institutions,” said Hope Mago, Partner at HCAP. “We’re grateful for the opportunity to invest in Apprio. This is an exciting time to support a pioneer in healthcare who is driving greater access to care.”