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About
Zotec Partners specializes in Revenue Cycle Management (RCM) for the healthcare industry, assisting healthcare providers with the financial aspects of patient care, including billing and payment collection. Their services simplify the complex processes involved in healthcare billing and insurance, allowing clients to optimize revenue and reduce operating costs. Zotec Partners serves a range of clients, such as medical practices and hospitals, primarily in the United States. They utilize a combination of skilled personnel, efficient processes, and technology to enhance the financial experiences of their clients while ensuring compliance with strict data management standards (SOC 1 and SOC 2). The company generates revenue by charging fees based on transaction volumes or a percentage of collected revenue, ultimately aiming to improve both the financial outcomes for healthcare providers and the overall financial experience for patients.
Company Stage
N/A
Employees
501-1,000
Industries
Enterprise Software, Healthcare
Total Funding
$325M
Headquarters
N/A
Founded
1998
Simplify's Take
What believers are saying
- Successful debt refinancing with Francisco Partners provides Zotec with financial flexibility to continue innovating and expanding.
- Recognition as one of the best technology companies to work for in the U.S. highlights a positive work environment and strong company culture.
- The launch of PAYperless demonstrates Zotec's commitment to improving patient financial experiences through technology.
What critics are saying
- The approaching loan maturities could pose financial challenges if not managed effectively.
- The highly competitive RCM market requires continuous innovation to maintain a leading position.
What makes Zotec Partners unique
- Zotec Partners specializes exclusively in Revenue Cycle Management for the healthcare sector, unlike competitors who may serve multiple industries.
- Their compliance with SOC 1 and SOC 2 standards ensures a high level of data security and trust, which is crucial in the healthcare industry.
- The integration of people, processes, and technology allows Zotec to offer a comprehensive and innovative approach to financial optimization for healthcare providers.
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Benefits
Health - Employee health is important to us. That’s why we provide a wide array of affordable health benefits for our employees and their families. In fact, we haven’t raised our employees’ premiums in over a decade.
401(k) - We want to ensure financial comfort for people long after they retire from Zotec. That’s why we help them save for the future by offering a 401k plan with a generous employer match.
Wellness - We give our employees the opportunity to take part in wellness programs, financial health education, and a 24/7 Employee Assistance Program that provides free, confidential resources on family matters, financial planning, and legal situations.
Community - Giving back makes our communities better for everyone. Through the Zotec Effect program, our employees are granted Volunteer Time Off to partake in volunteer opportunities and will receive an employer match on their charitable giving. We also provide each employee with giving dollars to help them get started.
Work and Life - We recognize that people have a life outside of work and that time with loved ones is essential. With PTO, paid holidays, and some remote work opportunities, we make it easy to live a balanced life.
We believe in a growth mindset and we encourage that for each and every employee. Zotec provides financial education assistance as well as learning and development opportunities.
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