Enhanced Healthcare Partners (EHP), a prominent private equity firm known for its strategic investments in transformative healthcare businesses, has made a significant growth investment in Janus, a leading technology provider in healthcare revenue cycle management (RCM). This investment is set to accelerate Janus’s expansion in the market, drive product innovation, and enhance its go-to-market strategies.
Brendan Downing, the founder and CEO of Janus, expressed enthusiasm about the partnership, stating, “We are excited to gain the backing and expertise of Enhanced Healthcare Partners, a seasoned healthcare investor. This collaboration will empower us to advance our core mission: to substantially decrease administrative and operational expenses for health systems while significantly boosting and expediting cash collections.” Downing further emphasized that the investment would enable Janus to expedite the development of its cutting-edge revenue cycle platform, designed to enhance the efficiency and effectiveness of revenue cycle teams.
Janus’s technology plays a crucial role in enabling health systems and RCM service providers to gain deeper insights into, refine, and automate their RCM workflows. This leads to tangible outcomes, including increased and faster cash collections coupled with reduced administrative overhead. Janus has demonstrated significant impact, processing over 500 million events and automating more than 40 million transactions in the past year alone, delivering substantial ROI and cost savings for its clientele.
The industry recognition for Janus further validates its innovative approach. The company has been highlighted in KLAS Research’s Emerging Technology Spotlight, secured a place in Black Book’s Top 50 Emerging Healthcare Companies, and been recognized by CB Insights as a Top 150 Digital Health Company.
Won Park, partner at Enhanced Healthcare Partners, who is joining Janus’s Board of Directors, commented on the investment: “Janus is fundamentally changing how health systems approach revenue cycle management. Their superior technology and compelling value proposition position Janus as a continued leader and innovator within the market.”
About Janus
Established in 2020, Janus is dedicated to transforming healthcare revenue cycle management through technology, aiming to ensure health systems receive payments more efficiently and cost-effectively. Their comprehensive software platform is engineered to analyze existing revenue cycle operations, pinpoint areas for improvement, and implement automation solutions. By leveraging Janus’s advanced technology, revenue cycle teams can achieve significant improvements, potentially increasing net revenue by up to 2% and reducing collection costs by as much as 35%. For additional details about Janus, please visit janus-ai.com.
About Enhanced Healthcare Partners
Enhanced Healthcare Partners (EHP) is a leading private equity firm focused on fostering growth in middle-market healthcare businesses that are driving transformation within the industry. EHP provides flexible capital, operational support, and strategic guidance to facilitate the ongoing success of businesses with high growth potential. Their investment portfolio includes notable companies such as Hallmark Health Care Solutions, Vytalize Health, PAI, SCA Pharma, and West Dermatology. More information about Enhanced Healthcare Partners can be found at www.enhancedhealthcare.com.
