Elevate Patient Financial Solutions, LLC
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Elevate Patient Financial Solutions, LLC - overview
Established
1980
Location
Spring, TX, US
Primary Industry
Healthcare IT
About
MedData, Inc. delivers specialized revenue cycle management solutions, focusing on complex claims processing and patient financial engagement to enhance healthcare providers' operational efficiency and patient experience. Founded in 1980 in Spring, US, MedData, Inc. operates as Elevate Patient Financial Solutions (ElevatePFS), focusing on revenue cycle management.
In July 2025, Audax Private Equity and Parthenon Capital acquired in Elevate Patient Financial Solutions, LLC from Frazier Healthcare Partners. Elevate Patient Financial Solutions (ElevatePFS) specializes in comprehensive revenue cycle management services, with a strong emphasis on complex claims processing and patient financial engagement. Their offerings include the advanced Summit System technology, which enhances patient engagement and streamlines coverage identification. Services like Eligibility & Enrollment, Medicaid Eligibility, and Disability Advocacy address financial complexities faced by healthcare providers and patients, ensuring efficient revenue recovery and improved patient experiences across over 1,700 healthcare facilities nation-wide.
ElevatePFS integrates various revenue cycle management services through B2B partnerships with healthcare providers. The company operates on a fee structure tailored to clients' needs, including subscription agreements for ongoing support and project-based contracts for specific challenges. Their flagship services are designed to optimize revenue recovery while enhancing patient experience, with pricing reflecting individual client agreements.
Current Investors
Audax Private Equity, Parthenon Capital , Edgewater Funds
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Medical Software, Application Integration Software, Accounting/Finance Software
Website
www.elevatepfs.com
Verticals
HealthTech
Total Amount Raised
Subscriber access only
Elevate Patient Financial Solutions, LLC - 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, Corporate Carve Out, Trade Sale | Completed | Centauri Health Solutions, Inc.'s Health Systems Services Division | - | ||||||||
| Secondary Buyout | Completed | Elevate Patient Financial Solutions, LLC | - | ||||||||
| Add-on | Completed | NYX Health, LLC | - | ||||||||
| Add-on | Completed | Revenue Masters, LLC | - | ||||||||
| Buyout | Completed | Elevate Patient Financial Solutions, LLC | - |
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