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New Mountain Launches AI-Powered Revenue Cycle Firm with $800M in Revenue
ByAinvest
Thursday, May 22, 2025 8:52 pm ET1min read
New Mountain Capital is merging three of its portfolio companies to create Smarter Technologies, an AI-backed revenue cycle management firm. The deal combines Access Healthcare, SmarterDx, and Thoughtful.ai, serving over 200 clients, including 60 hospitals and health systems, with more than $800 million in revenue. The combined firm aims to offer a comprehensive platform for healthcare providers to manage administrative work more efficiently.
New Mountain Capital, a leading growth-oriented investment firm with over $55 billion in assets under management, has announced a definitive agreement to form Smarter Technologies. This new entity will be created through the strategic combination of SmarterDx, Thoughtful.ai, and Access Healthcare, aiming to revolutionize healthcare revenue cycle management through AI-powered automation and insights.Smarter Technologies will serve over 200 clients, including more than 60 hospitals and health systems, and generate more than $800 million in revenue annually. The combined company will leverage the unique strengths and capabilities of its constituent firms to offer a comprehensive platform for healthcare providers to manage administrative workflows more efficiently.
Jeremy Delinsky, an experienced healthcare and technology executive, has been appointed as the Chief Executive Officer of Smarter Technologies. He will lead the combined entity, which will also feature individual leaders from SmarterDx, Thoughtful.ai, and Access Healthcare overseeing their respective businesses within the new organization.
The formation of Smarter Technologies comes at a critical juncture in the healthcare sector, where administrative inefficiencies and revenue cycle management challenges have reached a breaking point. The new company aims to address these issues by offering a modular and comprehensive platform that enhances operational efficiency and enables providers to focus on improving patient experiences.
New Mountain Capital has provided strategic growth investments to SmarterDx, Thoughtful.ai, and Access Healthcare, driving their expertise and capabilities in healthcare revenue management. By combining these companies, New Mountain Capital seeks to create an innovation leader in the sector, transforming the industry and scaling the next generation of revenue cycle solutions.
References:
[1] https://www.morningstar.com/news/business-wire/20250518030750/new-mountain-capital-forms-smarter-technologies-through-combination-of-smarterdx-thoughtfulai-and-access-healthcare
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