Healthcare information technology firm XiFin said it closed on new growth capital and added health IT innovator and futurist Jeff Margolis to its board of directors.
The funding round builds on XiFin’s 19% year-over-year growth, driven by client adoption of its flagship revenue cycle management platform XiFin Empower and successful execution of compelling business opportunities, the company said. Empower is designed to unify automation, data analytics, and AI to streamline revenue cycle workflows, improve financial performance, and enhance the patient/provider experience, the company said.
The funding was led by a co-investment from Goldman Sachs External Investing Group, alongside investments from majority investor Avista Healthcare Partners and other leading institutional investors. Financial terms were not disclosed.
Margolis is a healthcare information technology veteran with extensive experience in AI innovation, XiFin said. He brings more than 35 years of expertise as an operating executive, having led multiple innovative healthcare technology companies. He founded TriZetto, the industry’s first vertical SaaS platform, and currently serves as a senior advisor to Blackstone.
