“Franklin revenue cycle management firm finds legs”

NashvillePost, by Walker Duncan, June 21, 2007

After a little more than two years of developing its product, Franklin-based revenue cycle management outfit nTelagent Solutions is beginning to get traction.

The company markets a “self-pay management system,” designed to aid in the collection of self-pay receivables as insurance deductibles and co-pays continue to climb,

Since becoming fully operational, nTelagent has already tacked names like Psychiatric Solutions and e+ Healthcare to its list of customers. Speaking with NashvillePost.com this afternoon, CEO Earl Winter also said that it will soon announce more additions to that list

“Things are really picking up,” Winter said.

The company is hoping to find its niche in the growing revenue cycle management sector as the move toward consumer-driven healthcare causes bad debt to come less from the uninsured and more from the growing number of self-pay customers. Revenue cycle management has come to be quite the buzzword among Nashville's healthcare entrepreneurs of late.

Also, by finally speaking with the press, nTelagent has answered one of the most nagging “where are they now?” questions that has been hanging around the Nashville healthcare community recently.

Province Healthcare’s Marty Rash and Chris Hannon have, since their company sold to LifePoint in 2005, been involved in the building of the nTelagent and its product. And according to Winter, Rash, who is listed on the website as an “advisor,” in addition to being the company’s lead investor, continues to be “heavily involved.”

Hannon also has a stake in the company, along with well-known local investors Joel and Frank Gordon and founding executive director of the Nashville Health Care Council and Massey Burch alum Laura Campbell, who is also listed as an advisor.

The company recently finished a funding round and is currently in the midst of another smaller round.