Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

VisiQuate : Inc. Announces $50 Million Equity Investment from Sixth Street Growth to Advance AI-Powered Digital Innovation in Healthcare Revenue Cycle Data Management and Analytics

07/13/2021 | 06:31am EST

SANTA ROSA, Calif., July 13, 2021 /PRNewswire/ -- VisiQuate, Inc., the leading provider of advanced analytics and AI-powered automation offerings to America's most respected healthcare providers, today announced a new $50 million equity investment from Sixth Street Growth.

"We consider tackling the nearly trillion dollars of administrative waste in healthcare as a moral imperative. To fuel that vision, we are partnering and collaborating with Sixth Street, who is well aligned with our vision," said Brian Robertson, VisiQuate Founder & CEO. "Our mission is to help health care providers dramatically improve clinical, financial and operational outcomes. Sixth Street's deep capital, wide-ranging expertise, and stellar reputation in the healthcare industry make them ideal partners to help us fulfill our mission and vision."

Recognized for its groundbreaking automated data assistant, Ana, VisiQuate understands there is little value in using automation to merely replicate human activity. Instead, the software and consulting company focuses on Intelligent Process Automation, first analyzing and retooling each client's unique processes to take full advantage of the power of the human + machine combination. VisiQuate's artificial intelligence (AI) and machine learning (ML) make it possible for the entire system to continuously self-monitor and correct for revenue cycle anomalies that erode hospital margins. This approach reduces waste and increases yield, with an even shorter time to revenue.

"We look forward to supporting Brian and the VisiQuate team as they continue to build analytics solutions for healthcare providers that are both more advanced and easier to use," said Bo Stanley, Partner and Co-Head of Sixth Street Growth. "Informed by their crowdsourced AI and ML capabilities, VisiQuate's enterprise class offerings and advanced data integration technologies make it possible for providers to dramatically reduce cost, increase yield, and improve time to revenue. We are excited to partner with them as they enter their next phase of growth and continue to lead the advanced analytics and intelligent process automation field."

In related news, Lee Mooney at Sixth Street will join VisiQuate's Board of Directors. Canaccord Genuity LLC acted as exclusive financial adviser to VisiQuate, while Paul Hastings LLP served as legal adviser. Goodwin Procter LLP served as legal adviser to Sixth Street Growth.

About VisiQuate
Founded in 2009, VisiQuate, Inc.'s user-friendly data management and analytics solutions let virtually anyone in a healthcare organization explore complex data from multiple sources to quickly gain insights and create actionable workflows. This ability helps clients improve yield, optimize cost efficiencies, and dramatically improve the quality and velocity of decision making. Ana, VisiQuate's cognitive learning platform and interactive, automated data assistant, makes the process even simpler by using natural language chats that are powered by AI, ML, and informed by crowdsourced data. Underlying the advanced analytics is the collective experience of industry domain leaders who constantly share knowledge and best practices. The company is headquartered in Santa Rosa, CA, with offices in Harrisburg, PA and Dallas, TX.  Learn more about VisiQuate at www.visiquate.com or contact info@visiquate.com.

About Sixth Street
Sixth Street is a global investment firm with over $50 billion in assets under management and committed capital. Sixth Street Growth is the firm's dedicated platform for making private investments in growth companies. The Sixth Street Growth team partners with companies and management teams to provide bespoke, accretive financing solutions to accelerate organic and inorganic growth. Sixth Street has invested over $5 billion in more than 40 companies in its growth investing strategy since inception. Select current and past representative Sixth Street investments in healthcare technology include Caris Life Sciences, Datavant, DrFirst, MDLive, and Medsphere. For more information, visit www.sixthstreetgrowth.com or follow us on LinkedIn.

Media Contact:
Grace Vinton
Amendola Communications for VisiQuate
Phone: (203) 561-8935

View original content to download multimedia:https://www.prnewswire.com/news-releases/visiquate-inc-announces-50-million-equity-investment-from-sixth-street-growth-to-advance-ai-powered-digital-innovation-in-healthcare-revenue-cycle-data-management-and-analytics-301332155.html

SOURCE VisiQuate

ę PRNewswire 2021
Latest news "Companies"
09:21aEvolent Health Named One of the Best Places to Work for LBGTQ+ Equality for Second Consecutive Year
09:21aPepsiCo Implements TVP Solar Thermal Plant for Renewable Heat and Saves 140'000 M│ of Natural Gas at the Sete Lagoas Factory (MG)
09:20aNsav acquires stake in bqex crypto exchange and over 4 million registered users, further expanding presence in $2 trillion global cryptocurrency market
09:20aThe China Fund, Inc. Announces Date of Annual Meeting of Stockholders
09:20aNymbl Science Fall Prevention Program Addresses Multi-Billion-Dollar Problem in U.S.
09:19aNUCOR : Reports Record Quarterly and Annual Earnings for the Fourth Quarter and Year Ended 2021
09:19aAT&T : Named Best Place to Work for LGBTQ+ & Gender Equality
09:19aAB SKF : SKF receives grant from the European Commission for new processing plant to regenerate industrial oils
09:19aAttendance of CNB Bank Board members at the monetary policy meeting on 3rdáFebruaryá2022
09:19aThe seasonality of Chinese imports
Latest news "Companies"