KANSAS CITY: MedEvolve, Inc., a leader in AI-powered revenue cycle automation and analytics, announced Wednesday its acquisition by Emergence, an enterprise backed by The Pritzker Organization.
The strategic transaction merges MedEvolve’s Effective Intelligence® platform—which integrates workflow automation, analytics, benchmarks, and generative AI—with Emergence’s long-term investment philosophy and software expertise. The deal aims to scale MedEvolve’s proprietary dataset and advanced algorithms that power real-time industry benchmarks for healthcare providers.
“Coming out of management consulting in 2006, I saw the opportunity to develop software that could drive accountability and measurable performance across the complex revenue cycle,” said Matt Seefeld, CEO of MedEvolve.
“With Emergence behind us, we will accelerate development of new AI capabilities to help healthcare organizations meet our benchmarks, expand operational capacity, and reclaim margin lost to administrative waste.”
Healthcare providers are under mounting financial pressure as costs rise, patient responsibility grows, and payers increasingly use AI to deny claims. MedEvolve’s platform offers leaders data-driven visibility into workforce performance, process inefficiencies, and technology gaps—tools critical to improving financial sustainability.
“We are investing not just in MedEvolve’s technology, but in the future of operational intelligence in healthcare,” said Henry T. Zhang, CEO of Emergence. “Matt and his team have built a platform that translates millions of data points into actionable insights. We share a vision to deliver greater impact across healthcare.”
Under Emergence’s ownership, MedEvolve will expand its investments in data science, automation, and AI-driven analytics to develop next-generation technologies aimed at improving labor effectiveness and reducing administrative waste.
Both companies reaffirmed their commitment to building enduring, AI-powered solutions that help healthcare organizations operate more efficiently and sustainably.