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About EnableComp
Industries
Data & Analytics
Consulting
Healthcare
Company Size
201-500
Company Stage
M&A
Total Funding
$5.3M
Headquarters
Franklin, Texas
Founded
2000
Overview
EnableComp focuses on helping healthcare providers maximize revenue from complex workers' compensation claims, which are often difficult to manage. The company simplifies this process by using a combination of clinical expertise, data analytics, managed care, and proprietary technology. Their main product, Enforcer, is a software that streamlines the management of these claims, allowing healthcare providers to concentrate on their core operations while EnableComp handles the billing and collections. Unlike competitors, EnableComp operates on an outsourcing model, taking over the claims management process for healthcare providers, which saves them time and resources. The goal of EnableComp is to ensure that their clients receive the highest possible reimbursement from workers' compensation claims.
Simplify's Take
What believers are saying
- EnableComp's acquisition of ANI Healthcare Solutions enhances their denial management capabilities.
- The appointment of Frank Forte as CEO brings extensive healthcare technology leadership to EnableComp.
- EnableComp's E360 RCM platform is recognized for excellence in specialty revenue cycle solutions.
What critics are saying
- Increased competition from emerging RCM technology companies may threaten EnableComp's market share.
- The ongoing labor shortage in healthcare could impact EnableComp's service delivery.
- Integration challenges from the ANI Healthcare Solutions acquisition may disrupt operations.
What makes EnableComp unique
- EnableComp specializes in complex workers' compensation claims management for healthcare providers.
- Their proprietary software, Enforcer, streamlines claims processing and maximizes revenue recovery.
- EnableComp's outsourcing model allows healthcare providers to focus on core clinical activities.
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Funding
Total Funding
$5.3M
Above
Industry Average
Funded Over
0 Rounds
Benefits
Flexible Work Hours
Professional Development Budget
Unlimited Paid Time Off
Company News
Zachary Schultz, CSMC, CRCR, Sr. Director of Product Policy and Solutions at EnableCompHealthcare providers navigating Veterans Administration (VA) claims face complex eligibility requirements, multiple payer systems, and stringent documentation demands. These challenges create significant operational burdens for facilities and can impact veterans’ access to timely care. With VA claims representing less than 5% of most hospitals’ patient revenue, providers often struggle to allocate sufficient resources to master these intricate processes, leading to delayed reimbursements, underpayments, and increased write-offs for VA patients.The Complex World of Military Healthcare ClaimsThe complexity begins with eligibility determination. Veterans’ healthcare isn’t simply showing VA health insurance and receiving treatment. Multiple military payers exist, each with distinct processing requirements
EnableComp Appoints Frank Forte as CEO to Drive RCM. by Healthcare Executive Hires 12/06/2024 Leave a Comment. Frank Forte, CEO at EnableCompWhat You Should Know: – EnableComp, a provider of technology-driven solutions for healthcare revenue cycle management, has announced the appointment of Frank Forte as its new CEO. – Forte brings extensive experience in healthcare technology and revenue cycle leadership to this role, where he will spearhead the company’s growth and innovation strategy.Forte Bio/BackgroundForte has a strong track record of success in the healthcare industry. He most recently served as CEO of AnatomyIT, a leading provider of cybersecurity and IT solutions for healthcare organizations. Prior to AnatomyIT, Forte held executive leadership positions at Cloudmed, where he played a key role in scaling the company’s platform and leading up to its acquisition by R1. His extensive experience also includes executive roles at various healthcare services and technology companies, including Emerson Electric Corporation.“I am excited to serve as the EnableComp CEO and continue to build on our track record of innovation and client financial outcomes to support providers as they face increasing payer friction alongside growing reimbursement and denials challenges,’’ said Forte
Former Cloudmed executive to lead the company and its proprietary RCM platform through next phase of growthFRANKLIN, Tenn., Dec. 4, 2024 /PRNewswire/ -- EnableComp, a leading provider of technology-driven solutions to improve complex revenue cycle performance, has announced the appointment of Frank Forte as CEO. Forte will spearhead the company's growth and drive the next generation of specialized solutions for EnableComp's E360 RCM™ intelligent automation platform, helping healthcare providers successfully navigate the increasingly complex revenue cycle landscape. Forte takes over from Randy Dobbs, who will transition to the role of Executive Chairman of the Board after his successful three-year tenure as CEO
EnableComp welcomes Frank Forte as Chief executive Officer.
FRANKLIN, Tenn., Aug. 1, 2024 /PRNewswire/ -- EnableComp, a market-leader in specialty revenue cycle solutions for healthcare, announced that it has acquired ANI Healthcare Solutions, LLC (ANI), a San Francisco-based denial management company. With this acquisition, EnableComp adds ANI's denial management expertise to its comprehensive solution suite and further expands the proficiency of the E360 RCM™ intelligent automation platform.EnableComp and ANI Logos"Denial management challenges are becoming increasingly expensive and time consuming for hospitals and health systems," said Randy Dobbs, CEO of EnableComp. "By combining ANI's specialized knowledge and innovative practices alongside EnableComp's unique technology and 24 years of expertise, we are able to offer our clients a more complete solution for capturing the revenue that they rely on to care for their communities.""EnableComp's E360 RCM™ platform is one of a kind, which makes the opportunity to create this partnership even more exciting," said Adele Frias, founder and managing director of ANI Healthcare Solutions. "At a time when labor costs are increasingly high, being able to provide our clients with the chance to outsource and automate more areas of their RCM needs is important to us. Through our shared commitment to excellence and innovation, I am looking forward to delivering even greater value to our combined clientele."The combination of ANI's team of seasoned professionals with EnableComp's industry-leading technology, expert teams, and specialized revenue recovery services will accelerate revenue capture for clients, including identifying and preventing denials and successfully reworking even the most complex claims.EnableComp and Welsh, Carson, Anderson & Stowe (WCAS) partnered with Greenberg Advisors, LLC, as their exclusive M&A advisor for this acquisition.About EnableCompEnableComp provides Specialty Revenue Cycle Management solutions for healthcare providers and health systems nationwide
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About EnableComp
Industries
Data & Analytics
Consulting
Healthcare
Company Size
201-500
Company Stage
M&A
Total Funding
$5.3M
Headquarters
Franklin, Texas
Founded
2000
EnableComp is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today