MedEvolve, a company specializing in AI-powered revenue cycle automation and analytics for healthcare organizations, announced its acquisition by Emergence, an enterprise backed by The Pritzker Organization. The deal brings together MedEvolve’s Effective Intelligence platform with Emergence’s software expertise and long-term investment approach.
The combination is expected to enhance MedEvolve’s ability to provide healthcare systems with deeper workflow visibility and data-driven operational performance management. MedEvolve’s platform captures millions of revenue cycle workflow actions. It utilizes proprietary algorithms to generate real-time benchmarks, enabling leaders to identify performance issues, reduce administrative waste, and enhance financial sustainability.
The announcement comes at a time when healthcare providers face significant financial pressure driven by rising operational costs, increased patient financial responsibility, payer use of AI in claims denial, and higher levels of uncompensated care. MedEvolve’s automation and analytics capabilities are designed to help organizations recover lost margins and enhance operational resilience.
With the support of Emergence, MedEvolve plans to expand its investments in data science, automation, and AI-driven analytics to accelerate the development of next-generation capabilities that enhance workforce effectiveness and reduce avoidable operational inefficiencies. Both organizations share a long-term commitment to improving healthcare operations through scalable and sustainable technology solutions.
KEY QUOTES:
“Coming out of management consulting in 2006, I saw the opportunity to develop software, specifically workflow automation and analytics, that could drive accountability and measurable performance across the complex revenue cycle. Nearly twenty years later, that vision is more urgent than ever as healthcare organizations fight to maintain financial solvency. With Emergence behind us, we will accelerate development of new AI capabilities to help healthcare organizations meet our new benchmarks, expand operational capacity across the revenue cycle and reclaim margin lost to administrative waste so they can focus on delivering exceptional clinical care to their communities.”
Matt Seefeld, CEO of MedEvolve
“We are investing not just in MedEvolve’s technology, but the future of operational intelligence in healthcare. Matt and his team have built a platform that translates millions of data points into actionable insights about how people, processes, and technology perform. Our partnerships are built on shared vision. We will help MedEvolve accelerate its innovation and deliver even greater impact for providers nationwide. We believe MedEvolve will further our work to deliver even greater impact across healthcare.”
Henry T. Zhang, CEO of Emergence
