PLANO, Texas, June 22, 2021 / PRNewswire / – Payer Compass, a leading provider of healthcare reimbursement technology and price transparency solutions, working with Spectrum Equity, a private equity firm focused on the economy of information, and Health Enterprise Partners (HEP), a healthcare-focused investment firm, today announced the appointment of Doug williams as an independent member of its board of directors.
Williams, who has over 25 years of experience in healthcare IT, joins Jeff haywood, Steve Le Sieur and Michel radonitch of Spectrum Equity, as well as David Tamburri of HEP, on the board of directors of Payer Compass. He is currently Executive Vice President and COO of HMS, a Gainwell Technologies company providing cost containment solutions to healthcare payers, where he is responsible for leading business development and product strategy. the company. Prior to HMS, Williams served as CIO of Aveta, now part of Optum, Inc.
“We are delighted to welcome Doug to our board of directors,” said Greg Everett, President and CEO of Payer Compass. âHis experience leading healthcare technology companies focused on regaining control of rising healthcare costs aligns with our core mission. “
Pay Compass solves one of the most difficult problems in healthcare: rising costs and lack of price transparency. Its healthcare pricing engine and specially designed contract management system address the complexities of pricing Medicare, Medicaid, and Commercial claims, enabling employer groups and health plans to make smarter decisions on the issue. way they pay for care.
âI admire Payer Compass’s mission to promote transparency in healthcare pricing,â said Williams. âI look forward to helping the team execute their ambitious growth plans and bring innovative products to market. “
“Doug’s experience in driving innovation and growth will be a tremendous asset to Payer Compass as we accelerate our efforts as a leading provider of reimbursement and price transparency solutions,” said a member. from the administration board. David Tamburri, Managing Partner of Health Enterprise Partners.
Pay Compass has been backed by growth equity funds by Spectrum Equity and Health Enterprise Partners since december 2018.
About Pay Compass
Paying Compass is committed to restoring rationality to the cost of care. We are resolutely focused on solving the most complex issues in today’s healthcare landscape: soaring costs and the resulting lack of price transparency. For health plans, we minimize the overall expense on pricing, administration, and claims processing. And, for self-funded organizations, our innovations and services lower the costs of reimbursing health care claims. By combining our next-generation technology – Visium â¢, a multi-faceted pricing platform – with a focus on customer success, Payer Compass helps organizations control the cost of care. For more information, visit www.payercompass.com.
About spectrum equity
Spectrum Equity is a leading private equity firm providing capital and strategic support to innovative companies in the information economy. For more than 25 years, the company has partnered with exceptional entrepreneurs and management teams to create long-term value in market-leading Internet information software and services companies. Representative investments include Ancestry, Definitive Healthcare, Everlywell, GoodRx, Grubhub, Headspace, Kajabi, Lucid, Lynda.com, Net Health, The Knot Worldwide, SurveyMonkey and Verafin. For more information, including a full list of portfolio investments, visit www.spectrumequity.com.
About healthcare business partners
Health Enterprise Partners provides expansion capital to the most innovative health services and health information technology companies. At the heart of HEP’s strategy is its unique and extensive hospital system and network of health plans, of which 36 members are investors in HEP ââfunds. HEP seeks to invest in companies that improve the quality of the patient experience, expand access, and lower the cost of healthcare. For more information, please visit www.hepfund.com.
For any questions regarding this announcement, please contact Ginger Barrientez, Marketing Director, at 469.215.2654, or by email at [emailÂ protected].
SOURCE Payer Compass