Posts in Portfolio Company News
Vericred Now Delivering Data for Medicare Advantage Market Enabling Platforms that Serve the Aging Baby Boomer Generation

Vericred, a healthcare data services company, announced that it has extended its health insurance data platform to the Medicare Advantage market. With this launch, Vericred is now delivering plan design and rate data, provider-network data and formulary data to technology companies seeking to bring transparency, decision support and plan selection efficiency to the senior market. 

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Vericred Named One of Six Innovators to Watch

Vericred wants to be the utility company that powers your innovative health plan data and analytics products and services. The New York-based company currently focuses on three main data sets: health plan design and rate data; provider network data; and formulary data. The goal is to make it easier for small group health insurers and innovative tech companies to build tools for searching providers, selling benefit plans, quoting coverage and enrolling policyholders, among other things. Several innovators within Innovator's Edge are customers for Vericred's data as a service, the company says. To learn more about Vericred,

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NextGen Healthcare Announces Agreement to Acquire FCA Portfolio Company Entrada, Inc.

“Mobile health solutions – in the palm of the provider – are quickly becoming some of the most valuable real estate in healthcare,” said Rusty Frantz, President and CEO of NextGen Healthcare. “We intend to invest in expanding Entrada’s capabilities, continuing to provide enhancements to their already impressive platform. This acquisition will improve physician satisfaction by providing a better caregiver and patient experience, while enabling clients to improve financial outcomes.”

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Medical Reimbursements of America Acquired by Riverside Partners

FCA Venture Partners V, LP (FCA V) announced today that its portfolio company, Medical Reimbursements of America (MRA), has been acquired by Riverside Partners, a Boston-based private equity firm.  Headquartered in Franklin, TN, MRA is a recognized leader in the rapidly growing field of specialty reimbursement services for hospital revenue cycle departments.  MRA leverages proprietary technology to help hospitals and health systems resolve complex motor vehicle and workers' compensation accident claims.  Additionally, through its Payment Integrity division based in Ft. Lauderdale, FL, MRA provides underpayment identification and recovery services that ensure Medicare and Managed Care claims are paid accurately and fully.

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