A Chattanooga-based group started last year that aims at growing health care companies has made its first majority stake investment and moved the business to the city.
Transparency Health, the investment group, entered into a partnership with PYA Analytics, a company that originated in Knoxville, to create the firm NTELLISIGHTS.
David Paschall, a founding partner of the investment group, said NTELLISIGHTS helps hospitals improve patient satisfaction and quality of care, optimize care coordination strategies and minimize penalties from the Centers of Medicare and Medicaid for unnecessary readmissions.
“We went out with a very strict code to acquire majority stakes in companies which already had customers,” he said. “We ran across this relationship in space we’re very passionate about.”
The company has eight employees now, but plans are to roughly double the staff annually over the next three years or so, Paschall said. The business currently is operating out of the Fleetwood Building on East 11th Street, he said.