Dental electronic data interchange company DentalXChange has received a strategic investment from Bregal Sagemount private equity firm, according to a Feb. 16 news release.
The goal of the investment is to promote a growth strategy led by a newly expanded and experienced C-suite.
Paul Kaiser was selected as CEO of DentalXChange. Before his new role, he served as CEO of MedeAnalytics, a software-as-a-service-based healthcare analytics platform. Paul Bernard joins the team as COO. He has more than 13 years of healthcare information technology experience. Kevin Dolan joins DentalXChange as CFO. For the past three years, Mr. Dolan was the CFO of Fastpay, a payments and lending platform.
"The new leadership team's goal is to accelerate innovation and expand platform capabilities," Mr. Kaiser said. "Dental payments should be frictionless for providers and payers. The opportunity to leverage contemporary technologies like artificial intelligence, machine learning, and robotic process automation into our expansive network of over 80,000 dentist offices and every dental payer in the country is enormous and will add tremendous value to providers, payers and consumers."