Bowstring advises Hayes in its growth investment from Primus Capital
October 18, 2018 | Atlanta, GA
Bowstring Advisors (“Bowstring”), formerly CHILDS Advisory Partners, served as the exclusive financial advisor to Hayes (or the “Company”), the leading provider of compliance and revenue integrity technology solutions and services for the nation’s premier healthcare organizations, in its growth investment from Primus Capital (“Primus”).
The investment by Primus will accelerate the Company’s strong performance with their industry-leading revenue integrity and compliance SaaS platform, MDaudit Enterprise. The management team at Hayes will continue to be actively involved in the day-to-day operations and growth strategies of the Company.
The Company’s flagship revenue integrity software platform, MDaudit Enterprise, is a powerful, cloud-based risk monitoring solution. Used by the foremost academic medical centers, hospitals and physician groups in the U.S., MDaudit is an enterprise-class platform that enables organizations to efficiently monitor medical claims for billing and coding accuracy to ensure compliance with government and private payer requirements to maximize the attainable level of revenue. The platform accelerates productivity for revenue cycle and compliance professionals by providing workflow automation, risk monitoring, built-in analytics and benchmarking capabilities – all in a single, integrated platform. In the market since 2003, MDaudit is currently used to audit one in eight providers in the U.S.
Hayes’ CEO, Peter Butler, commented, “We were extremely pleased by the professionalism and expert guidance we received from the entire Bowstring team. They worked as true partners throughout the entire process and helped ensure we were organized and well prepared for each step along the way.”
Tom Donahue, Managing Director and IT & Professional Services team lead at Bowstring Advisors, added, “We are confident that the combination of Hayes’ market leading software platform and Primus’ deep healthcare technology expertise will result in many years of continued high growth and success. We are excited to follow the partnership between these two talented teams as they execute on the Company’s strategic growth initiatives.”
We were extremely pleased by the professionalism and expert guidance we received from the entire Bowstring team. They worked as true partners throughout the entire process and helped ensure we were organized and well prepared for each step along the way.