Encoda Announces Strategic Investment from Hughes & Company
Summary
The investment will accelerate Encodas development of its rules-based workflow and analytics software, expanding use to other areas of the healthcare reimbursement cycle that continue to plague physician groups. Complimenting Encoda BackOffice is Maestro Analytics™, a powerful and unified dashboard and reporting platform that combines practice management software and clearinghouse data to enable unprecedented visibility into the revenue cycle. The Hughes team is comprised of proven healthcare industry experts, operators and thought leaders, who have demonstrated an ability to support companies through significant expansion. "Our interest in Encoda started with its tenured and visionary leadership team, whose experience and commitment to rules-driven medical billing automation has already delivered significant results for its clients" stated Mr. Denny, now Managing Partner at Hughes & Company. The Firm is an active investor and works closely with its portfolio companies on initiatives to accelerate growth, enhance customer value propositions and increase long-term retention by applying institutional best practices and disciplined execution.