RevPoint Completes Sale to Availity
Brentwood Capital Advisors LLC is pleased to announce that it served as exclusive financial advisor to RevPoint Healthcare Technologies, Inc. (“RevPoint”) in its sale to Availity, L.L.C. (“Availity”).
Headquartered in Brentwood, TN, RevPoint delivers a SaaS-based workflow automation solution to assist healthcare providers in collecting the patient liability for services rendered. The guided registration process increases collections by driving registrar compliance with the providers’ financial policies and providing the step-by-step instructions to gather the requisite information to determine insurance eligibility, patient liability, capacity to pay and obtain either full or partial payment at the time of care. Rising patient liability and changing regulations are driving increasing demand for RevPoint’s capability.
Hal Andrews, CEO of RevPoint, commented, “We are excited to join Availity. The RevPoint technology adds a key front-end capability to Availity’s product offering by effectively addressing the rising patient liability. The combined platform provides a powerful solution for healthcare providers. Brentwood Capital Advisors, our investment banking advisor, played an important role and conducted a highly-competitive process that generated a great outcome for RevPoint’s shareholders. We have a very trusting relationship and benefitted enormously from Brentwood Capital Advisors’ expertise and commitment to our success.”
“RevPoint provides a critical solution in addressing providers’ growing portion of patient liability. The SaaS-based technology integrates hospital and third-party information to automatically identify capacity to pay, discounts, payment plan options and financial assistance, resolving patient accounts before services are rendered. This powerful front-end solution is unique in providing dynamic scripting and embedded quality assurance to prevent errors,” added Tom Wylly, Senior Partner of Brentwood Capital Advisors. “We were delighted to serve as RevPoint’s exclusive financial advisor and enjoyed working with the RevPoint team.”
About RevPoint Healthcare Technologies, Inc.
RevPoint is a revenue cycle management company with a proven solution to increase point-of-service collections, enhance employee performance and improve patient satisfaction. From real-time registration QA to customized scripting, RevPoint’s technology provides fast, simple resolution of patient accounts at the point of service. For more information, visit http://revpointhealth.com.
About Brentwood Capital Advisors LLC
Brentwood Capital Advisors LLC, founded in 1999 is a privately held investment bank headquartered in Nashville, Tennessee, providing mergers & acquisitions and capital-raising advisory services to middle-market companies in healthcare, information technology, financial services and business services. BCA has served as exclusive financial advisor in over 50 successfully closed transactions in these sectors. For more information, visit www.brentwoodcapital.com.