Cadrillion Capital Completes Initial Phase of Healthcare Solutions Group

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Cadrillion Capital has reached a significant milestone in their company’s strategy to build a market-leading healthcare technology and services company to serve the healthcare provider marketplace.

Cadrillion Capital

It is our model to seek out and bring together entrepreneurs, innovators, and operators that share our passion for helping healthcare customers run the most adaptive and efficient healthcare organization possible.

Cadrillion Capital has reached a significant milestone in their company’s strategy to build a market-leading healthcare technology and services company to serve the healthcare provider marketplace. With the recent investment in their third healthcare portfolio company, Medalist Management, Cadrillion’s Healthcare Group fields an impressive list of capabilities to offer Providers. The three companies within the Group are: Dephinitive Systems, Legacy Data Access, and Medalist Management.

“While each company’s products are independently branded today, the Cadrillion model is to function as one company in areas that create value for customers,” explained Scott Purdy, MD, co-founder of Cadrillion Capital. "All the products serve the same segments of healthcare (hospitals and large physician groups), and the leaders across our organizations share a high level of competence to serve the needs of these segments. As such, we can adapt our client support and product development models to optimize customer outcomes,” he continued.

Scott Thompson, Managing Director of Cadrillion’s Healthcare Solutions Group, described the company’s capabilities as “technology-enabled solutions that enable clients to operate more efficiently and achieve better financial and operational outcomes. We can help a Provider drive immediate results in traditional, back-office metrics, as well as help prepare them for current and future healthcare reform trends. Whether it be helping them automate various manual processes to keep costs down, or drive higher net recovery rates within various AR financial classes, or helping them think-through and manage the transition and retirement alternatives created by EPIC, Siemens, Cerner, and others, we have people and solutions to help make our customers work lives less stressful.”

Thompson continued, ”In the current healthcare environment, change is a given. Even the best planned policy changes, and system conversions, create enormous friction and dislocation within many facets of hospital operations. The learning curve and related challenges can be formidable. We try to be a reliable constant for our clients in the areas where we’ve partnered with them, so they can focus on the other variables that may be in a state of transition and concern.”

Dr. Purdy concluded with “It is our model to seek out and bring together entrepreneurs, innovators, and operators that share our passion for helping healthcare customers run the most adaptive and efficient healthcare organization possible. Our team is comprised of individuals from varied backgrounds, including healthcare IT, hospital patient financial services, publicly traded healthcare services company’s, healthcare investment banking, and pure entrepreneurial enterprises, all sharing a desire to build a team that can work together to improve the business of healthcare, and specifically to make our customers work lives better. We look forward to continuing to add good people and solutions to help us execute on that vision.”

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Matthew Beasley
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