Investment supports Thoughtful.ai’s vision of enabling AI-powered automation to drive enhanced efficiency in revenue cycle management for healthcare organizations
Thoughtful Automation Inc., a leading artificial intelligence (AI)-powered revenue cycle automation company, announced a strategic investment from New Mountain Capital, LLC, a leading growth-oriented investment firm with more than $55 billion in assets under management. This investment will support Thoughtful.ai’s next phase of growth and further accelerate automation and AI adoption to address the complex challenges facing healthcare providers.
Founded in 2020 by Alex Zekoff and Dan Parsons, Thoughtful.ai has rapidly scaled to help transform revenue cycle operations and improve the productivity, accuracy and scalability of healthcare operations with its revenue cycle management-focused AI agents and tools. Through its next-generation solutions, Thoughtful.ai has successfully enabled its customers to significantly streamline their healthcare revenue cycle management departments and build a comprehensive layer of automation within their respective systems, reducing operational costs, boosting revenue, and improving service quality for healthcare providers and allowing them to focus more on enhancing patient care.
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“This strategic investment and partnership reflect our focus on building technology that not only improves efficiency and reliability, but redefines how healthcare organizations operate and creates lasting change in the industry,” said Mr. Zekoff, Chief Executive Officer of Thoughtful.ai. “As we look to the future, it is clear that the integration of AI in healthcare will be crucial in building a more agile, effective, and patient-centric healthcare system. Together with New Mountain Capital, we will continue to invest in our platform to provide AI tools and solutions that strengthen healthcare operations and patient care.”
Mr. Parsons, Chief Experience Officer at Thoughtful.ai, added, “Our vision for Thoughtful.ai is to transform the U.S. healthcare system through agentic AI, and we are proud to take this important step forward in partnership with New Mountain Capital. With the cutting-edge technology that Thoughtful.ai can offer its customers, coupled with New Mountain Capital’s track record of building successful businesses in healthcare technology, we are well-positioned to accelerate our ability to effectively service the needs of our customers.”
“New Mountain Capital has deep experience in the healthcare and provider markets and a longstanding sector thesis that technology can drive greater efficiency in the healthcare revenue cycle management space,” said Matt Holt, Managing Director and President, Private Equity, at New Mountain Capital. “We are excited about the transformational potential of agentic AI applications in healthcare operations and view Thoughtful.ai as a leader in building innovative AI-powered tools to drive automation, enhanced productivity, and lower costs, while enabling healthcare providers to deliver higher quality of care.”
Source: Businesswire