WhiteSpace Health has announced a $18 million investment from parent company, Omega Healthcare, that is backed by investment funds managed by Goldman Sachs Asset Management (Goldman Sachs) and Everstone Capital, to accelerate the product roadmap of its AI-driven Revenue Intelligence Platform and the expansion of its selling engine.
According to Gautam Char, President and CEO of WhiteSpace Health, “We are thrilled with the demand for our Revenue Intelligence Platform. WhiteSpace Health converts information, often from disparate sources, into actionable insights that stem revenue leakage, lower denial rates, reduce patient no-shows, and create more efficient operations. The resulting top line growth of WhiteSpace Health clients is impressive. Our powerful AI capabilities leverage the vast healthcare IT and RCM operations experience the team possesses, allowing us to earn a leadership position in market. This additional investment will allow us to add complementary solutions and rapidly bring those benefits to the market.”
“In the last six months, WhiteSpace Health has signed up impressive new clients, demonstrated a strong financial ROI for its customers, and has executed with precision,” said Harsh Nanda, Managing Director in the private equity business within Goldman Sachs Asset Management.
“WhiteSpace Health continues to invest in and fill a market void in AI driven deep solutions around denials management and operational analytics,” said Avnish Mehra, Senior Managing Director at Everstone Group.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.