Key Takeaways
- • Aldrich Capital Partners made an investment in TempusDirect, a Tempe, Arizona-based provider of third-party claims cost containment solutions for the property and casualty insurance industry; the deal amount was not disclosed.
- • TempusDirect plans to use the capital to scale its technology platform, expand market presence, enhance service capabilities, and advance automation across its solution suite.
- • CEO Greg Gaughan leads the company, which offers bill validation and benchmarking, direct provider negotiation, and demand package review, powered by a proprietary database of historical claims data.
- • The company currently operates in the U.S. property and casualty insurance market.
Summary
TempusDirect, a Tempe, Arizona-based provider of third-party claims cost containment solutions serving the property and casualty insurance industry, has received an investment from Aldrich Capital Partners, according to FinSMEs. The publication did not disclose the amount of the transaction.
The company intends to deploy the funds across several areas: scaling its technology platform, expanding its market presence, enhancing service capabilities, and investing in product development, client services, and business development. The company also plans to advance automation across its suite of solutions.
TempusDirect is led by CEO Greg Gaughan. Its offering spans three complementary solutions addressing the third-party claims lifecycle: bill validation and benchmarking, direct provider negotiation, and demand package review. The demand package review solution is powered by a proprietary database of historical claims data. The company currently serves the U.S. property and casualty insurance market.
The company intends to deploy the funds across several areas: scaling its technology platform, expanding its market presence, enhancing service capabilities, and investing in product development, client services, and business development. The company also plans to advance automation across its suite of solutions.
TempusDirect is led by CEO Greg Gaughan. Its offering spans three complementary solutions addressing the third-party claims lifecycle: bill validation and benchmarking, direct provider negotiation, and demand package review. The demand package review solution is powered by a proprietary database of historical claims data. The company currently serves the U.S. property and casualty insurance market.
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