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About Zotec Partners
Industries
Healthcare
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$325M
Headquarters
Carmel, Indiana
Founded
1998
Overview
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. They serve a range of clients, such as medical practices and hospitals, primarily in the United States. Zotec Partners combines a skilled team, efficient processes, and technology to enhance the financial experiences of their clients while ensuring compliance with strict data management standards. Their business model typically involves charging fees based on transaction volume or a percentage of collected revenue, ultimately aiming to improve both the financial outcomes for healthcare providers and the overall experience for patients.
Simplify's Take
What believers are saying
- Telehealth integration increases demand for Zotec's billing solutions.
- AI in RCM enhances Zotec's service efficiency and accuracy.
- Growing focus on patient financial experience aligns with Zotec's PAYperless initiative.
What critics are saying
- Emerging RCM startups could erode Zotec's market share.
- Value-based care models may increase operational complexity for Zotec.
- Regulatory changes could necessitate costly updates to Zotec's systems.
What makes Zotec Partners unique
- Zotec Partners specializes in Revenue Cycle Management for the healthcare industry.
- The company combines people, processes, and technology for optimized financial experiences.
- Zotec's services are fully compliant with SOC 1 and SOC 2 standards.
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Funding
Total Funding
$325M
Above
Industry Average
Funded Over
0 Rounds
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.
Company News
Thomson most recently served as senior vice president of practice management for Zotec Partners.
CARMEL, Ind., Nov. 1, 2023 /PRNewswire/ -- Zotec Partners (Zotec), a company leading the way to improve the business of healthcare, announced the successful completion of its first-lien term loan
CARMEL, Ind., Nov. 1, 2023 /PRNewswire/ -- Zotec Partners (Zotec), a company leading the way to improve the business of healthcare, announced the successful completion of its first-lien term loan B refinancing. Following a thorough vetting process with lead arranger Goldman Sachs, the company is replacing its existing public facility with a new five-year term loan maturing in 2028 with Francisco Partners, a leading global investment firm specializing in partnering with technology businesses."We are extremely pleased to complete our refinancing with an established team like Francisco Partners. As we continue to transform revenue cycle management (RCM), gaining financial flexibility is key," said T. Scott Law, founder and CEO of Zotec Partners. "We entered this market 25 years ago and fortified our status as an industry leader because of our incredible people, innovative processes, and cutting-edge technology
Some lenders to Zotec Partners LLC are working with law firm Milbank as loan maturities quickly approach for the medical billing company, according to people familiar with the situation.
In 2019, Zotec Partners launched PAYperless with an aim to help patients make payments online and notify them regularly about their medical spending, appointments and authentication of their information.
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About Zotec Partners
Industries
Healthcare
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$325M
Headquarters
Carmel, Indiana
Founded
1998
There are no jobs for Zotec Partners right now.
Find jobs on Simplify and start your career today