Case Study

Passport Health provides patient access and eligibility verification solutions to health care providers.

After a multi-year sourcing effort within the healthcare IT vertical, Spectrum identified Passport Health as a differentiated platform providing healthcare providers with proprietary, real-time connectivity to payers' patient data. Spectrum’s understanding of the company’s hybrid subscription and transaction-based business model, value of the company’s two-sided network and the evolving healthcare landscape helped accelerate the growth of the company .

At the time of the company’s acquisition by Experian, Passport was processing over 400 million transactions annually for over 2,500 hospitals and 9,000 other healthcare providers.

Management Recruitment and Promotions

Scott MacKenzie was recruited as CEO, David Whitt as CFO, Scott Bagwell as SVP Sales, Crista Harwood as General Counsel, and Paul Joiner as VP Corp. Dev. In addition, numerous key individuals were elevated to management roles including Howard Bright as CTO and Marcus Padgett as SVP Revenue Cycle Solutions.

Sales Optimization

Approximately 50% of U.S. hospitals use at least one Passport product. The company increased bundled products sales from 10% to over 50% of annual sales.

M&A

Passport completed the acquisition of Data Systems Group, a provider of revenue cycle software, and STAT Scheduling Technologies, a provider of enterprise scheduling software.

Industry Recognition

The company was recognized as the #1 Patient Access solution by KLAS, a research and ratings provider to the healthcare IT industry.

Operating Growth and Organizational Scale

During Spectrum’s investment, revenue grew 30% annually and employee count grew by over 150%.

Exit Planning

Experian leadership was introduced to Passport’s management team at Spectrum’s annual healthcare IT event - Spectrum subsequently supported management in negotiating the sale of the company.

Latest Headlines

Experian Acquisition of Passport Health Communications

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Experian, the global information services company, is pleased to announce that it has signed a definitive agreement to acquire Passport Health Communications, Inc.

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IntelliSource is Category Leader in Patient Access - Eligibility Checking as Passport Solutions Sweep Top Rankings

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IntelliSource is Category Leader in Patient Access - Eligibility Checking as Passport Solutions Sweep Top Rankings

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Passport Expands National Claims Market Presence with Acquisition of Data Systems Group

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The acquisition of Data Systems Group expands the geographic reach and capabilities of Passport's claims management operations and strengthens its range of revenue cycle solutions.

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Passport Health Acquires STAT Technologies, Gains Market-Leading Enterprise Scheduling Capabilities

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The acquisition gives Passport an integrated suite of solutions that includes scheduling, eligibility and demographic validation, orders, patient payments, patient self-service, and claims management.

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New Chief Executive Officer Named at Passport Health

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Passport Health has named Scott MacKenzie, previously with McKesson Corporation, to succeed Jim Lackey as chief executive officer. Lackey will remain chairman of the board of directors.

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Passport Health Receives Investment from Spectrum Equity

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Spectrum Equity's investment and experience will help launch Passport Health's next phase of growth in product innovation and select M&A.

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