SANTA ANA, Calif.--(BUSINESS WIRE)--Capario, a leading provider of revenue cycle management solutions that connect healthcare payers and providers nationwide, today announced 2012 as a record year for both sales and overall financial performance. The company realized double-digit revenue growth from its provider base, and a significant increase in provider adoption of its portal application.
“Much of this past year’s success can be attributed to our unmatched level of commitment to our customers, which is reflected through our service initiatives and solutions that directly address the unique reimbursement challenges of provider offices”
The year also yielded a December 2012 KLAS® report card that stated:
- 100 percent of surveyed customers feel Capario keeps its promises
- 100 percent of surveyed customers would buy from Capario again
“Much of this past year’s success can be attributed to our unmatched level of commitment to our customers, which is reflected through our service initiatives and solutions that directly address the unique reimbursement challenges of provider offices,” said Jim Riley, president and CEO of Capario. “This remains our sole focus—helping providers get paid quicker, easier and more accurately. We listen closely to our customers’ needs and use this feedback to find new ways to improve their profitability.”
In addition to strong financial results and positive KLAS rankings in customer satisfaction, Capario achieved several important milestones in 2012, including:
- The release of a new fully integrated patient pay suite, allowing providers to more easily collect patient payments at any point in the revenue cycle;
- Recognition in the Healthcare Informatics’ top 100 list for the third consecutive year; and
- An expansion of educational offerings including on-demand learning videos within its portal—accessible through Capario University, a new forum for customers that provides training on Capario products, industry best practices and more.
Capario carries this momentum into 2013 with further investments into its web-based revenue cycle management suite and a continued focus on guiding providers through key industry initiatives, such as ICD-10 and Core Phase III, with additional investments in educational sessions and webinars.
To learn more about Capario, visit www.capario.com.
For more than 20 years, Capario has provided industry-leading technology solutions to help providers get paid more quickly and more accurately. Capario operates a single, nationwide, real-time, open network that powers its revenue cycle management solutions. Capario has connectivity to more than 5,000 payers and is directly connected to more than 74,000 providers and an additional 200,000 providers via vendor partners. Based in Santa Ana, Calif., Capario is accredited by the Electronic Healthcare Network Accreditation Commission (EHNAC) and the CAQH® Committee on Operating Rules for Information Exchange (CORE®) for Phases I and II. Capario is a privately held company owned by Marlin Equity Partners. To learn more, visit www.capario.com.
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs in special situations. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company's outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 30 acquisitions. For more information, please visit www.marlinequity.com.
KLAS is a research firm specializing in monitoring and reporting the performance of healthcare vendors. KLAS’ mission is to improve delivery, by independently measuring vendor performance for the benefit of our healthcare provider partners, consultants, investors, and vendors. Working together with executives from over 4500 hospitals and over 2500 clinics, KLAS delivers timely reports, trends, and statistics, which provide a solid overview of vendor performance in the industry. KLAS measures performance of software, professional services, and medical equipment vendors. For more information, go to www.KLASresearch.com, email marketing@KLASresearch.com, or call 1-800-920-4109 to speak with a KLAS representative. Follow KLAS on Twitter at www.twitter.com/KLASresearch.