eSolutions, Inc., an Olathe, Kansas-based provider of healthcare technology and analytics solutions, received a significant strategic investment from Francisco Partners.
The agreement is expected to close in the first quarter of 2015, subject to customary regulatory approvals. Following the close of the transaction, Gene Creach, current president, will succeed founder and current CEO Bill Creach as chief executive officer. Bill Creach will remain active with the company as a member of its board of directors.
eSolutions is a provider of revenue cycle management analytics and cloud-based workflow software. Its products provide actionable intelligence and workflow automation across critical revenue cycle management processes, including claims & billing management, eligibility, denials & audit management, and advanced reporting & analytics. The company also provides nationwide Medicare connectivity across all nine MACs. eSolutions’ customer base is comprised of over 2,400 organizations consisting of more than 13,000 hospitals, home health and hospice providers, skilled nursing facilities, durable medical equipment providers, and several other provider types.