May 20, 2025 (MarketLine via COMTEX) --
Smarter Technologies caters to over 60 hospitals and health systems, as well as more than 500,000 providers.
Investment firm New Mountain Capital has merged three portfolio companies SmarterDx, Thoughtful.ai and Access Healthcare for the formation of Smarter Technologies.
The integrated capabilities of the new healthcare efficiency automation platform is poised to enhance revenue management, operational workflows, and strengthen financial performance.
New Mountain Capital Private Equity managing director and president Matt Holt said: aEURoeWe identified the market leaders across the most important areas of agentic-AI, machine learning and clinical data, and large-scale automation in the three companies and are now combining them to create the innovation leader of the sector.
aEURoeWe see enormous potential for growth and an opportunity to transform the industry.aEUR
The company handles over 400 million transactions and oversees upwards of $200bn in collective annual revenue.
SmarterDx, founded in 2020, specialises in clinical AI for care quality and revenue integrity.
Thoughtful.ai, also established in the same year, offers an AI-driven business and revenue cycle automation platform that enhances healthcare operations productivity and scalability.
Created in 2011, Access Healthcare provides a tech-driven solution for revenue cycle management (RCM).
Under the leadership of CEO Jeremy Delinsky, an executive advisor to New Mountain, Smarter Technologies is set to leverage its combined solutions to reduce administrative inefficiency.
Leaders from SmarterDx, Thoughtful.ai, and Access Healthcare will continue to manage their respective areas within the new entity.
Delinsky said: aEURoeAmid rapid change in the healthcare sector, Smarter Technologies offers a unique, comprehensive, and modular platform that addresses hospitalsaEUR(TM) and health systemsaEUR(TM) growing need for better administrative and revenue management technologies and capabilities.aEUR
This announcement follows New Mountain Capital's previous move in September last year, which saw the merger of The Rawlings Group, Apixio's Payment Integrity business, and VARIS to create another technology-enabled platform for the healthcare industry.
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