NASHVILLE, Tenn., Sept. 25, 2018 /PRNewswire/ -- SSM Partners
is pleased to announce a minority investment in ProviderTrust, a
rapidly-growing healthcare IT company that provides screening,
monitoring and verification tools to simplify healthcare compliance
programs.
ProviderTrust is the fastest-growing SaaS company in
Tennessee and the 90th
fastest-growing SaaS company in the nation, per Inc. 5000. The
company is the market leader in the data science of exclusion
monitoring, license verification, and sanction screening, with the
ultimate goal of helping clients improve the levels of patient
safety and quality that they strive to provide.
ProviderTrust, based in Nashville, is co-led by Michael Rosen, Christopher Redhage, and Andrew Luers. ProviderTrust works with acute and
post-acute providers, payers, and their vendors across all 50
states. Their impressive client list includes some of the leading
healthcare companies in the country, like Community Health Systems
(CHS), Deaconess Health System, Dialysis Clinics Inc., HCR
ManorCare, Vanderbilt University and
RCCH HealthCare Partners.
ProviderTrust's products include Passport (automated checks of
individuals), VendorProof (automated checks of vendors), and
ExclusionCheck (simple, self-service exclusion searches).
"We believe SSM's investment validates our success and
opportunity, and we are excited to partner with such an experienced
healthcare IT investor as we continue to grow our business," Rosen
said.
"We are very enthusiastic to partner with ProviderTrust and its
leadership to support the continued growth and expansion of the
Company," said Casey West of SSM
Partners, who is joining the company's Board of Directors.
"ProviderTrust has already demonstrated real value for existing
customers in the critical screening, monitoring and verification
market. We believe the company's comprehensive solutions will
continue to drive significant business growth, innovation and
industry leadership."
To learn more about ProviderTrust, please visit
www.providertrust.com.
About SSM Partners
SSM invests $5-20 million in
rapidly growing companies within three primary areas: healthcare,
software & technology, and Internet & consumer. The growth
equity firm, which invests nationally and is based in Memphis, Tennessee, has partnered with
talented entrepreneurs for more than 20 years. Starting with a
relationship built on trust, SSM makes minority and majority equity
investments and offers its entrepreneur-partners a thorough
understanding of the growth company lifecycle and a collaborative
approach to building great businesses. SSM's healthcare IT current
and past investments include Apixio, Bloodhound Technologies,
Connecture, EnableComp, Novu, Passport Health Communications, and
RemitDATA. For more information, please visit
www.ssmpartners.com.
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SOURCE SSM Partners