{"id":10689,"date":"2021-11-30T18:44:45","date_gmt":"2021-11-30T15:44:45","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=10689"},"modified":"2023-09-06T14:33:14","modified_gmt":"2023-09-06T11:33:14","slug":"ipo-of-ensemble-health-partners-an-rcm-platform-or-public-health-services","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/11\/30\/ipo-of-ensemble-health-partners-an-rcm-platform-or-public-health-services\/","title":{"rendered":"IPO of Ensemble Health Partners: An RCM Platform or Public Health Services"},"content":{"rendered":"\n

In advanced economies, the healthcare sector is a pretty profitable business, which is not prone to cyclic crises. In western Europe and the US, this business has multi-billion volumes and requires financial management optimization. This is the reason why a lot of technology startups are currently engaged in developing such platforms.<\/p>\n\n\n\n

\"Ensemble<\/figure>\n\n\n\n

Ensemble Health Partners is the leading provider of RCM solutions for both physicians in private practice and hospitals. The company is planning to have an IPO at the NASDAQ; the ticker symbol is “ENBS”. The IPO date was postponed by underwriters and is still unknown.<\/p>\n\n\n\n

In this article, we’ll discuss the attraction of these shares<\/a> for investments.<\/p>\n\n\n\n

<\/span><\/a>Business of Ensemble Health Partners<\/span><\/h2>\n\n\n\n

The company was established in 2014 with its headquarters in Cincinnati, Ohio. As of now, it employs over 1,000 people. The company’s key product is a technological revenue cycle management platform for hospitals, their doctors, and physicians in private practice.<\/p>\n\n\n\n

\"Ensemble<\/a>
Ensemble Health Partners’ Net Patient Revenue chart.<\/em><\/figcaption><\/figure>\n\n\n\n

As a result, Ensemble Health has a pretty big and diversified customer base. As of the IPO<\/a> application filing date, the company’s platform processed transactions for over $20 billion. The RCM platform allows to improve the revenue management procedure and focus on providing more quality healthcare services. Usually, the company lands long-term contracts with its clients, for 10-15 years with automatic renewal.<\/p>\n\n\n\n

\"Ensemble<\/a>
Ensemble Health Partners RCM platform features.<\/em><\/figcaption><\/figure>\n\n\n\n

Ensemble Health received several awards in the public healthcare sector. According to KLAS Research, the company was named the “Best in KLAS” in all five categories: services, operations, loyalty, value, and relations. Ensemble Health Partners won this award twice in a row, in 2020 and 2021, based on objective data received from healthcare services providers.<\/p>\n\n\n\n

\"How<\/a>
How Ensemble Health Partners’ platform works.<\/em><\/figcaption><\/figure>\n\n\n\n

In addition to that, Ensemble Health Partners was recognised as the best employer several times by Beckers 150 Top Places to Work and Cincinnati Enquirer. The awards help the company to attract more qualified and professional staff and increase the quality of the services offered to its customers. The company operates in a rapidly-growing RCM (revenue cycle management) market. We’ll talk about it below.<\/p>\n\n\n\n

<\/span><\/a>The market and competitors of Ensemble Health Partners<\/span><\/h2>\n\n\n\n

According to Global Market Insights, the US revenue cycle management market in 2020 was estimated at $98 billion. Forecasts say that by 2027 the market may reach $230 billion, with an average annual growth rate of 12.9%. The key factors for this growth will be the technological advance and the need for financial management optimization in the healthcare industry.<\/p>\n\n\n\n

In 2020, the global healthcare market was estimated at $1 trillion. Ensemble Health believes that the target market at the time of the IPO is about $50 billion.<\/p>\n\n\n\n

The company’s key competitors are:<\/p>\n\n\n\n