Eir Partners and New Mountain Capital have merged portfolio companies to form Smarter Technologies, an advanced automation platform aimed at enhancing healthcare revenue management efficiency.

Target Company Overview

Smarter Technologies, formed from the strategic merger of SmarterDx, Thoughtful.ai, and Access Healthcare, is a leading automation and insights platform aimed at enhancing efficiency within the healthcare sector. The company serves more than 200 clients, including over 60 hospitals and health systems, and supports more than 500,000 healthcare providers. Smarter Technologies processes more than 400 million transactions, managing upwards of $200 billion in annual revenue, thereby establishing itself as a formidable player in healthcare revenue management.

SmarterDx, established in 2020, specializes in proprietary clinical AI solutions that focus on revenue integrity and quality of care. Thoughtful.ai, also founded in 2020, delivers an AI-driven platform for business and revenue cycle automation, enhancing productivity and accuracy in healthcare operations. Access Healthcare, founded in 2011, is recognized for its technology-enabled approach to revenue cycle management, collaborating with major U.S. healthcare organizations to deliver superior revenue cycle operations.

Industry Overview

The healthcare industry, particularly in the United States, is facing unprecedented challenges with rising operational costs and the need for improved administrative processes. These pressures have amplified the demand for innovative solutions