Arsenal Capital Partners, a private equity company, has entered a definitive deal to purchase Knowtion Health.
US-based Knowtion Health specialises in AI-enabled revenue cycle insurance claim resolution services.
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While the terms of the transaction remain undisclosed, Sunstone Partners, the current majority owner, will continue to hold a strategic co-investment in the company.
Through its services, Knowtion Health aids hospitals and health systems in resolving insurance claims, recovering low-balance accounts, and enhancing revenue and patient experience.
The company’s service areas span coordination of benefits, clinical denials, low-balance recovery, and complex claims management, including motor vehicle accidents and workers’ compensation, as well as defence against payer audits.
Knowtion Health’s ClaimBRAIN AI platform utilises a blend of machine learning, natural language processing, and generative AI with dynamic prompting.
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By GlobalDataThis approach is said to transform data into actionable insights and scale up the resolution of insurance claim denials.
According to the private equity investor, Knowtion Health is positioned to enhance insurance claim resolution and recovery for hospitals and health systems, thanks to its robust scale, comprehensive solutions, deep domain expertise, and leading-edge technology and analytics.
Knowtion CEO Jayson Yardley said: “We are thrilled to partner with Arsenal, whose resources and healthcare and operational expertise will significantly enhance our ability to best serve our clients.
“This partnership aligns with our shared vision and commitment to expanding our offerings through both organic growth and strategic acquisitions, further cementing our leadership in denials management.”
Arsenal investment partner John DiGiovanni said: “Arsenal is dedicated to partnering with organisations that not only improve healthcare efficiency but also contribute to systemic improvements in health outcomes.
“Knowtion has a well-established track record of optimising hospital and health system revenue cycles, and we are eager to work alongside management and Sunstone Partners to support Knowtion’s continued growth.”
