Administrative Advantage
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Administrative Advantage - overview
Established
1994
Location
Savannah, GA, US
Primary Industry
Business Support Services
About
Based in Georgia, US, and founded in 1994, Administrative Advantage LLC offers medical billing services, including medicare and commercial insurance claims, billing, collection, and accounts receivable management for physicians from a wide range of specialties across the US. In June 2022, Provider Technology, LLC, a portfolio company of Performant Capital, acquired Administrative Advantage LLC. As part of the transaction, Goldman Sachs Merchant Banking Division also invested in the company. As of June 2022, the company employs 150 US-based employees across 22 states.
The company provides specialty-specific billing services to physicians for improving the profitability of their practice by implementing optimal processes, advanced software, analytics reporting, and experts in the revenue cycle management department. Administrative Advantage also offers credentialing and pre-certification services.
Current Investors
Provider Technology, LLC
Primary Industry
Business Support Services
Sub Industries
Business Support Services, Accounting Services, Claims Administration & Processing
Website
www.adminadv.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Administrative Advantage - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Administrative Advantage | - |
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Administrative Advantage - employee data
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