WAYNE, PENNSYLVANIA – 05/11/2022: Falcon Capital Partners, LLC (“Falcon”), a leading middle-market investment bank, is pleased to announce the sale of Dynamic Healthcare Systems (“Dynamic”) to Reveleer, a portfolio company of Oak HC/FT.
Dynamic Healthcare Systems, a Santa Ana-based HCIT company founded in 2005, provides software solutions and services for managing government sponsored health plans such as Medicare Advantage, Medicaid, and ACA Exchange plans. The company’s Voyager platform enables payers to manage, store, submit, correct, and analyze Member Enrollment data, alongside the ability to perform advanced RAPS/EDPS Risk Adjustment analytics. The platform features are comprised of modules, allowing payers to structure efficient and customized solutions as required. Dynamic has a long-standing reputation of helping clients optimize financial outcomes, streamline member enrollment, expedite eligibility determination with higher accuracy, and improve operational efficiency while minimizing instances of Center for Medicare & Medicaid Services (CMS) audits.
Reveleer is a software-as-a-service (SaaS) company that enables healthcare plans to optimize their risk adjustment measures and enable program quality improvements through its data analytics platform. The Reveleer platform uses Machine Learning, Natural Language Processing, and Intelligent Automation technology to empower payer workflows within Medicare, Medicaid and Commercial plans, including provider outreach, retrieval, coding, abstraction, and reporting. Reveleer has been recognized multiple times as “one of America’s fastest growing companies” by INC. 5000 and termed as LA Journal’s “100 Fastest Growing Companies”. Having recently secured funding, Reveleer aims to expand its offerings and services to deliver end-to-end data analytics and plan management solutions to payers.
Reveleer’s acquisition of Dynamic merges the industry’s leading Member Management and Risk Adjustment capabilities under one platform. The benefits of an integrated offering that is intuitive, customizable, and powered by cutting-edge technology will be enjoyed by Dynamic and Reveleer’s existing customers. Improved processes and operational visibility allowed by the new platform will improve financial outcomes for payers, and clinical outcomes for providers alike. Dynamic’s team of over 40 engineers, developers, consultants, and managers brings with them years of industry expertise, technical capabilities and relationships that will propel Reveleer closer to its goal of providing a turnkey analytical and operational platform for healthcare payers.
Falcon served as the exclusive financial advisor to Dynamic. Falcon’s Managing Director Ted Stack writes, “Falcon is excited to have advised Dynamic in its transaction with Reveleer. This transaction brings two of the industry’s leading platforms under a single umbrella.” Brooks Corbin, CEO of Dynamic said “Falcon’s understanding of the healthcare marketplace and healthcare technology allowed us to find the right partner for the continued advancement of our platform and end markets. Together, Dynamic and Reveleer will allow plans to immediately address a broader risk adjustment opportunity and over time deliver a more complete Member Based Solution.”
The terms of the transaction were not disclosed. This transaction represents Falcon’s continued expertise in the healthcare data analytics, healthcare information technology (HCIT), health tech consulting, and payer tech space. The Falcon deal team was led by Managing Director, Ted Stack, Vice President, Don Wanner and Senior Associate, Jonathan Hart. For more information, please contact Ted at tstack@falconllc.com.