Capario

In the complex world of healthcare, the process of getting paid is a labyrinth of paperwork and digital handshakes between doctors, hospitals, and insurance payers. Founded in 1989, Capario entered this space to provide a clearer path. The company developed as a provider of revenue cycle management solutions, essentially acting as a digital clearinghouse to streamline how healthcare providers get reimbursed. Capario's cloud-based platform, CaparioOne, offered a suite of real-time tools. It allowed healthcare providers to check patient eligibility, submit and track claims, manage denials, and even process patient payments all from one integrated system. This automation of previously manual processes was designed to help providers improve their cash flow and reduce administrative costs. The company processed over a million transactions daily, connecting a network of nearly 300,000 providers with thousands of payers. The pivotal moment in Capario's journey came in 2014. Emdeon, a major player in healthcare financial and administrative technology, announced it would acquire Capario for approximately $115 million in cash. The acquisition was a strategic move for Emdeon to enhance its own revenue management platform and expand its network. For Capario, which was owned by private equity firm Marlin Equity Partners, the deal represented the culmination of its efforts to build a valuable asset in the healthcare IT sector.