Company Description
Opportune IT Healthcare Solutions (“Opportune IT”) provides technology-enabled revenue integrity services and software solutions to large hospital systems and physician groups. The Company pairs its team of experienced and high-quality audit professionals with its robust technology-enabled platform to provide unparalleled solutions in the revenue cycle market. The Company’s solutions provide an integrated, end-to-end service to enhance its customers’ coding accuracy, compliance, reimbursements, and process efficiencies.
Objectives
Opportune IT and its financial sponsor, Petra Capital, chose TripleTree as its exclusive advisor given TripleTree’s extensive industry experience in the HIM, RCM and healthcare compliance spaces, along with TripleTree’s proven track record advising healthcare technology and tech-enabled services companies. TripleTree highlighted the unique combination of Opportune IT’s market-leading audit services and proprietary technology as a key differentiator in the market, in addition to the Company’s industry expertise and true strategic partner role. Opportune IT possessed the strong ability to broaden the capabilities of a larger organization with its technology and technology-enabled service solutions.
Results
Streamline Health emerged as the ideal partner for Opportune IT, presenting a distinctive opportunity to combine Opportune IT’s differentiated audit services and technology as a natural extension of Streamline’s existing suite of coding and clinical documentation improvement (CDI) software solutions. In addition, Streamline found a strong opportunity to harness the depth and breadth of the Opportune IT team’s experience to continually advance its tools and enhance the Streamline value proposition.