Charlotte, NC (PRWEB) May 11, 2012
Medalist, based in Columbus, OH, offers technology-enabled services that augment the recovery efforts of their hospital PFS department clients. With their 25 plus years of experience working in hospitals, and for healthcare services companies, they have designed a range of solutions to help hospitals collect the money they are owed in the most efficient manner possible. Medalist co-founder Chip Moore said, “We are excited to work with the Cadrillion team, and their portfolio companies. Their financial and strategic resources will allow us to further differentiate our services, and offer our clients new and unique ways to achieve their desired outcomes.” Mr. Moore added, “every medical facility is evaluating the best way to achieve the optimal balance of operating cost and revenue recovery. We work with our clients in a variety of ways to help them improve those metrics. We share Cadrillion's passion for taking care of customers, and by drawing on certain technological capabilities from other Cadrillion company’s we feel we can disrupt and improve some of the ways the traditional AR recovery business has functioned. We’re also excited about joining our former colleague - Scott Thompson, who is the Managing Director for the healthcare group of Cadrillion. We have known and worked with Scott for many years and know we can create something special.”
Scott Purdy, M.D., with Cadrillion Capital, noted that, “Medalist is a clear leader in terms of its ability to help hospitals recover the money they are owed. We are glad to have them join our healthcare team, and look forward to them growing their business while working with our other companies and capabilities. It is our model to seek out and bring together high-energy, entrepreneur-minded leaders that can function as a part of a team to achieve a greater outcome than they might be able to achieve on their own. The positive, synergistic results we’ve already achieved are a testament to how Chip and Larry will contribute to that goal."