Beacon Healthcare Systems, Inc. presents itself as a SaaS Medicare advantage (and eventually medicaid) compliance solution. This is the healthcare industry’s first automated compliance solution. The plan is to specifically target Medicare Advantage and Medicaid Health Plans, which consist of about 140 health plans that can benefit from their compliance solution. They’ve done a lot of work and proven their worth on their own by reaching their prospects through direct sales efforts, webinars, marketing, and trade shows.
Tech Coast Angels caught wind of this innovative company and invested in its future. That future is expected to conclude in being acquired by Trizzeto or TMG Health. According to Beacon Healthcare Systems, Inc., current exit multiples are ranging between 3-6x TTM Revenues.
Of course the credibility of a CEO is always a huge indicator of success potential. In Chairman & Founder Ken Stockman they have the perfect fit: Someone who was a former Health Plan CFO and also worked for a Medicare Advantage billing solution as the primary implementation expert. We’re happy to say that the board of directors consists of a 20+ year seasoned leading Southern California angel investor, and a former founder and president of Plan Data Management, which was a Medicare Advantage billing solution and was sold to TriZetto.
“