March 11, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Aviacode Gets Investment from Heritage Group

Press Release

March 11, 2013

Heritage Group, a healthcare investment firm based in Tennessee, announced a strategic investment in Aviacode, an provider of technology-enabled medical coding services and software based in Salt Lake City.

Aviacode provides remote medical coding services and software to hospitals and physician offices across several settings and specialties. A number of forces currently facing healthcare providers — including ICD-10 transition, persistent reimbursement pressure, and a national shortage of qualified coders — have created a growing need for accurate, high-quality coding. Through its cloud-based platform, Aviacode offers access to a national network of certified coders.

“We are very pleased to partner with Aviacode, which has developed a differentiating technology platform and built a leading medical coding operation over the last decade,” said Rock Morphis, managing director of Heritage Group. “This funding will enable Aviacode to further accelerate its record growth trajectory and increase its capacity to deliver innovative medical coding solutions to new customers. We are proud to be part of that effort.”

“The Heritage investment is significant to us as a company,” said Dave Jensen, CEO of Aviacode. “It represents not only a financial opportunity to expand our cloud-based technology and coding solutions in the revenue cycle management markets, but also a strategic opportunity to collaborate with experts from within the Heritage limited partnership base. We are already seeing strategic value in those relationships.”

Brentwood Capital Advisors served as the financial advisor to Aviacode in this transaction. Terms of the deal were not disclosed.

Utah Business Social
UB Events View All
Fast 50 Utah Business Event
Aug 27, 2015
The top 50 companies will be selected based on a combination of revenue growth and revenue gene...
Job Summit - POSTPONED UNTIL FALL 2015 Utah Business Event
Sep 24, 2015
NOTE: The date listed below is not secured. We will update as the event gets closer. Thank you ...
Community Events View All
PowerPoint Level 1
Jul 7, 2015
A hands-on, comprehensive overview of Microsoft PowerPoint. Explore the user interface and Ribbon...
Mind Mastery Revealed: How To Get What You Want This Year With Your Brain!
Jul 7, 2015
Do you self sabotage? Are you spinning your wheels with the same goals over and over? Are you ...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel