Memorial Hermann Health System | July 12, 2022
Today EnableComp has announced that Memorial Hermann Health System – a non-profit, community-focused, award-winning health system committed to creating healthier communities, now and for generations to come in the Houston area – has made a strategic investment in the company alongside Welsh, Carson, Anderson & Stowe (WCAS).
Based in Franklin, Tennessee, EnableComp leverages its proprietary software embedded with advanced AI+RPA capability, Enforcer360, to increase revenue yield and accelerate collections for healthcare providers on Veterans Administration, Workers' Compensation, Motor Vehicle Accident/Third-Party Liability, and Out-of-State Medicaid claims. EnableComp also offers comprehensive Denial Resolution, ensuring providers maximize cash collections and revenue recovery from underpayments and/or zero-balance accounts. Today, the company serves more than 1,000 healthcare providers across all 50 states.
Randy Dobbs, EnableComp's Chief Executive Officer said, "We are very pleased to welcome Memorial Hermann as a health system investor partner. We look forward to working closely with their leadership to meet their needs and seek input on new product offerings. The investment enables us to continue to enhance our world-class Enforcer360 RCM technology platform, expand our product portfolio and ensure high-quality delivery of revenue cycle management solutions to the healthcare market."
"As a non-profit, values-driven, community-owned health system, Memorial Hermann takes its dual roles of being a responsible financial steward and a trusted healthcare provider extremely seriously, By making prudent investments in companies that align with our mission to improve health, we ensure we can continue meeting the needs of our Greater Houston community, one of the largest and fastest-growing metropolitan areas of the country, while also creating greater operational efficiencies. The decision to invest in EnableComp is guided by the same philosophies that drive all of our work: deliver value and create healthier communities. EnableComp fits squarely in that mission, with best-in-class solutions delivering compelling ROI and support, allowing health systems to focus on providing care to patients."
-Feby Abraham, EVP and Chief Strategy Officer at Memorial Hermann Health System.
Memorial Hermann is one of the largest not-for-profit health systems in Southeast Texas. While practicing the highest standards of safe, evidence-based, quality care, the system's 6,500 affiliated physicians and 29,000 employees provide a personalized and outcome-oriented experience across more than 265 care delivery sites throughout the Greater Houston area.
Memorial Hermann will participate in EnableComp's Strategic Advisory Board to support growth initiatives, continuous quality improvement, new product development and expansion of capabilities.
About Memorial Hermann Health System-
Charting a better future. A future that's built upon the HEALTH of our community. This is the driving force for Memorial Hermann, redefining health care for the individuals and many diverse populations we serve. Our 6,500 affiliated physicians and 29,000 employees practice the highest standards of safe, evidence-based, quality care to provide a personalized and outcome- oriented experience across our more than 265 care delivery sites. As one of the largest not-for- profit health systems in Southeast Texas, Memorial Hermann has an award-winning and nationally acclaimed Accountable Care Organization, 17* hospitals and numerous specialty programs and services conveniently located throughout the Greater Houston area. Memorial Hermann-Texas Medical Center is one of the nation's busiest Level I trauma centers and serves as the primary teaching hospital for McGovern Medical School at UTHealth Houston. For more than 115 years, our focus has been the best interest of our community, contributing more than $400 million annually through school-based health centers and other community benefit programs. Now and for generations to come, the health of our community will be at the center of what we do – charting a better future for all.
Memorial Hermann Health System owns and operates 14 hospitals and has joint ventures with three other hospital facilities, including Memorial Hermann Surgical Hospital First Colony, Memorial Hermann Surgical Hospital Kingwood and Memorial Hermann Rehabilitation Hospital-Katy.
EnableComp partners with over 1,000 healthcare providers to manage Veterans Administration, Workers' Compensation, Motor Vehicle Accident/TPL, and Out of State Medicaid claims, as well as ERISA appeals. EnableComp also offer services for A/R management, zero balance recovery, and commercial and government denials. The company's industry leading technology and analytics identifies the right payer, at the right time, for the right amount, ensuring clients collect the appropriate revenue for their complex claims and denials. EnableComp is also among the top one percent of companies to make the Inc. 5000 list of the fastest-growing private companies in the United States for the last eight years.
About Welsh, Carson, Anderson & Stowe-
WCAS is a leading U.S. private equity firm focused on two target industries: technology and healthcare. Since its founding in 1979, the firm's strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives and strategic acquisitions. The firm has raised and managed funds totaling over $30 billion of committed capital.
Community Brands | May 20, 2022
MIP Fund Accounting, the nation's leading nonprofit cloud-based, SaaS fund accounting software offering from Community Brands, recently released findings of its 2022 Nonprofit Research Study. The study asked nonprofit professionals for their thoughts on the state of nonprofit organizations, staffing and stakeholders, productivity and efficiency in the digital-first workplace, nonprofit technology, and leadership outlook.
Research found that change among nonprofits has been a constant in both technology and staffing throughout the pandemic. Remote work puts a greater emphasis on technology resources and efficiency, vital areas to nonprofit success moving forward. Resiliency and open-mindedness to change are two critical areas for nonprofits and their survival through the pandemic. Solutions in these areas include the use of integrated cloud-systems to increase efficiency allowing nonprofits to continue down a path to sustaining success.
Using integrated, efficient technology systems became more critical because of the pandemic, in part to counter the need of multiple, inefficient digital tools. Seventy-eight percent of nonprofit professionals said they spend at least a quarter of the workday managing multiple systems and only 33 percent classified their current use as very efficient. As more workers spend time on systems that do not communicate with each other or are too siloed in what they accomplish, the need for proper technological integration is at its highest.
Integrating technology efficiently will define success in the coming years. Seventy-five percent of respondents said their organization was more likely to adopt a cloud-based solution compared to the beginning of the pandemic. Of those, 23 percent were much more likely, and 52 percent were somewhat more likely to adopt a cloud-based solution. Confidence in the cloud is high with 82 percent of respondents saying they are at least somewhat confident in cloud security and 34 percent saying they are very confident. VP-level respondents were the top advocates with 88 percent recognizing the need for a cloud-based solution.
The pandemic accelerated a need to adapt practices in order to maintain viability. Our research found forward-thinking organizations that pivoted to moving their workforce remotely and explored new ways to reach constituents during changing times were best suited for continuing their operational efficiency at a pre-pandemic level. Cloud-based technology solutions paid great dividends in enabling nonprofits to maintain their success and provide opportunities to advance their missions."
Neil Taurins,MIP General Manager
Staff turnover also played a significant role in the need for streamlining technology and using cloud-based services. Half of nonprofit professionals reported that 25 percent of their teams joined since the dawn of the pandemic.
Four hundred nonprofit participants came from verticals including finance, accounting, HR, IT and purchasing and included positions ranging from C-Suite, Presidents, and Executive Directors and Executive and Senior Vice Presidents to directors, managers, and accountants, analysts, and specialists. FINN Partners collected the data.
MIP Fund Accounting is celebrating 40 years of innovation by setting aside $1 million on a first come, first-serve basis through June 30 as part of a technology grant to new customers. New agreements signed on or before June 30 by nonprofit organizations are eligible to receive a 20 percent discount off the cost of MIP software in the form of a grant.
About Community Brands
Community Brands is the leading provider of cloud-based software and payment solutions to associations, nonprofits, and K-12 schools. Specifically for charitable nonprofits and schools, the Community Brands Education and Nonprofit portfolio provides the industry's most complete set of software solutions for nonprofits and K-12 schools of all sizes. Nonprofits benefit from award-winning fund accounting and fundraising solutions, purpose-built from the ground up to empower them to achieve and grow their impact in our communities. Paired with a complete set of K-12 solutions encompassing enrollment management, financial aid, student information systems, and digital payments, schools are empowered to raise funds and deliver on their missions.
About MIP Fund Accounting
MIP Fund Accounting is accounting for your nonprofit's future. Designed to track unlimited funds and manage your financial books with ease, MIP is the nation's leading cloud-based, SaaS fund accounting solution for nonprofits, K-12 schools, healthcare organizations, and government organizations across the country. Our software handles the intricate financial process in a streamlined, user-friendly system. Manage your nonprofit's finances, track every fund, and follow every dollar.
iWave | June 22, 2022
iWave, the industry's top-rated fundraising intelligence platform is thrilled to announce its newest integration with ascend by UC Innovation. ascend is an all encompassing Advancement solution for higher education institutions developed by UC Innovation. This connection enables educational institutions to experience a custom-tailored instance of Salesforce and powered by iWave. Equipped with this integration, fundraising professionals can engage more effectively with donors and focus on top gift prospects, seamlessly infuse donor intelligence directly into their database, and benefit from a simplified workflow.
iWave's fundraising intelligence platform comprises the most in-depth wealth and philanthropic database and insights that enables nonprofit, education, and healthcare organizations to uncover donors with the greatest capacity, giving affinity, and inclination to donate.
ascend is a leading higher education advancement solution, which is native to Salesforce and EDA compatible. ascend provides a comprehensive, 360 degree view of Advancement activities including Bio Demographics, Prospect Management, Gift Processing, AI, Constituent Engagement with an Online Donor Portal.
We're thrilled to partner with ascend and expand the ecosystem connections we have with Salesforce. iWave's proprietary donor insights, including gift capacity and affinity scores, provide robust donor intelligence with wealth data right inside ascend. We both share a commitment to advancing the achievements of higher education institutions and our combination of intelligence and technology will enable clients to accelerate their fundraising efforts."
Pranav Lulla, Head of Strategic Partnerships, iWave
Higher education institutions now have the opportunity to enrich their internal ascend data with iWave's billions of wealth and philanthropic data points, so they can strategically prioritize the best donors to fuel their fundraising strategies.
This means users have access to iWave's powerful fundraising intelligence without leaving ascend, including important data points such as:
iWave Scores: which include Capacity, Affinity, and Propensity
RFM Score: Recency, Frequency, and Monetary Insights
Planned Giving Capacities
Value of Properties
Value of Charitable Donations
"ascend, built natively on Salesforce, is delighted to integrate with iWave and further the advancement and fundraising experience for our shared higher-education customers," said Caroline Chang, VP, Community & Product Engagement at ascend by UC Innovation. "This integration will enable our clients to use ascend's powerful and easy to use platform to build stronger relationships with their constituents, simplify and consolidate disparate systems, and use iWave's best-in-class scores and top-rated fundraising intelligence with ascend's easy-to-use and powerful advancement platform."
iWave, the industry's top-rated fundraising intelligence solution, enables nonprofit organizations to fundraise with confidence. In a new era of nonprofit fundraising, iWave solves critical challenges facing fundraising professionals today: how to identify, qualify, and retain donors to raise more major gifts. iWave's intuitive and easy-to-use solutions give access to the industry's highest quality wealth and philanthropic information so you can determine who to ask, how much to ask for, and when to ask. Many of the largest education, healthcare, and nonprofit organizations in the World, rely on iWave to power their fundraising efforts.
About ascend by UC Innovation
Founded in 2011, UC Innovation has developed ascend, a comprehensive, end to end solution for fundraising and constituent engagement, built natively on the Salesforce Platform. As an award winning Salesforce Partner with a singular focus on transforming advancement and fundraising practices through technology, UC Innovation continues to push the boundaries of what is possible in the areas of next generation constituent experiences, actionable insights, automation, and ease of use.