Chattanooga, TN, November 22, 2013 --(PR.com
)-- 3P Capital, LLC a Chattanooga-based private equity firm specializing in acquisition of high growth potential companies, has acquired Arch Advantage.
“With the evolving landscape of medical billing and insurance coverage, we see this as strategic investment,” says John Ballantyne, partner at 3P Capital, LLC. “Arch Advantage bridges a financial gap, allowing consumers to help patients get the care they need at an affordable payment plan, while serving as a catalyst for medical providers to grow their business,” added Ballantyne.
The highlights of Arch Advantage include:
· In the company’s 11 month history, Arch Advantage has expanded to 7 U.S. states
· Company was designed by risk experts with 12 years experience in high risk financial markets
· An advanced cloud-based proprietary Smart Engine that generates payment plan recommendations through a mix of non-traditional “big data” sources and credit bureau information
· Full-spectrum payment arrangement servicing from origination through final payment
For medical providers, the Arch Smart Engine evaluates a patients “payment worthiness” over credit ranking, allowing medical providers to expand their practice to patients who may otherwise be denied service.
"In the market, we are finding that the power of the Arch Smart Engine, combined with professional payment lifecycle management of Arch Advantage staff is filling a real need to patients and providers, says Tim Corey, Director of Business Development for Arch Advantage. “Arch Advantage is the new financial solution alternative for patients to receive care, and providers are really excited about this product,” said Corey.
About Arch Advantage, LLC:
Arch Advantage offers cloud-based technology and risk management services, creating first-class client relationships and increasing medical practice financial options for their patients. Using a proprietary smart engine, Arch Advantage distinguishes itself from the competition in risk mitigation sophistication, user experience, and ease of administrating private payment arrangements. Founded in Chattanooga, TN in 2012, Arch Advantage gives medical providers the tools they need to help expand their practices, while helping patients get the care they need. More care for more good. Visit www.ArchAdvantage.com or follow them on Twitter @Arch_Advantage.