MedSolutions, a Nashville, Tennessee-based provider of medical management services, has received a minority investment of undisclosed amount from TA Associates.
Existing shareholders MedCare and Ridgemont Equity Partners will each retain a portion of their stake in the company, which specializes in the cost management of medical services for commercial, Medicare and Medicaid payors. MedSolutions also offers the PremerusSM Diagnostic Accuracy program, which is designed to reduce diagnostic error rates and improve the quality and cost of care.
In conjunction with the investment, Mark H. Carter, a Principal at TA Associates, will join the company’s board of directors.
MedSolutions employs over 500 people in Nashville and Melbourne, Florida.