Ontario Systems
| Private | |
| ISIN | 🆔 |
| Industry | Software |
| Founded 📆 | January 1, 1980 in Muncie, United States |
| Founder 👔 | |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
Key people | Tim O'Brien |
| Members | |
Number of employees | 560 (2021) |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Ontario Systems is a software provider based on Muncie, Indiana that specializes in revenue collections.[1] Ontario Systems principal investor is New Mountain Capital. Ontario Systems automates complex workflows and accelerates revenue recovery for clients in the healthcare, accounts receivable management (ARM), and government markets.[2]
History[edit]
Wilbur R. Davis co-founded Ontario Systems, LLC, a software company, serving as its CEO until 2008 and as its Chairman until the 2017 sale of the company.[3] Jason Harrington, President of Ontario Systems, succeeds the Co-Founder and CEO Ron Fauquher.[4][5][6][7][8][9]
Service[edit]
Ontario Systems RevQ+ software manages the collection of fees for court-ordered debt payment, income taxes and property tax.[10]
Recently acquired Pairity, a New York technology company that uses artificial intelligence to improve accounts receivable management.
"Pairity shares Ontario's commitment to creating intelligent workflow solutions that streamline the collections process and accelerate payments. Pairity's technology strengthens our ability to drive value for our clients and provides another foundation from which we can continue to innovate."
— Ontario Systems CEO Tim O'Brien
Ontario Systems previously acquired SwervePay to boost its efforts to evolve into a Software as a service platform. SwervePay offers text payments and automated balance messages on top of its main services for electronic bill payment. SwervePay is an Illinois-based electronic payment processor in the accounts receivable management and healthcare industries.[11][12]
Jaeme Adams, current Ontario Systems vice president of payments, also worked with SwervePay in the past as CEO and vice president. The global COVID-19 pandemic forced employees to work from home, and companies to combine services, remove unnecessary steps, consolidate workflows, consumer communications and revenue-capturing tools; also to automate payments, streamline processes that were slowed down by too many steps in the paper age by switching to more digital processes.[13]
Reception[edit]
Over 600 hospital networks use their software to streamline the billing process. Their technology is also used by many government agencies. Pairity's advanced AI technology extracts patterns and allows collectors to adapt their contact strategies to retrieve payments and improve debt collection results. [14]
See Also[edit]
References[edit]
- ↑ Community Engagement (2020-10-28). "Tech interns to call Ball State home next summer". Ball State University. Ball State University. Retrieved 2021-03-12.
- ↑ SEC Filings (2021-03-12). "Form DEF 14A Northwest Bancshares, For: Apr 21". Street Insider. Street Insider. Retrieved 2021-03-12.
- ↑ Sulanke, Kallie (2021-02-22). "14 Delaware County Non-Profits Receive $597,500 in Grant Funding". Muncie Journal. Muncie Journal. Retrieved 2021-03-12.
- ↑ Vancouver Business Journal (2016-09-16). "Columbia Ultimate seeks to grow local workforce". Vancouver Business Journal. Vancouver Business Journal. Retrieved 2021-03-12.
- ↑ Stanley, Casey (2019-08-27). "Ontario Systems President Jason Harrington Named New CEO". Business Wire. Business Wire. Retrieved 2021-03-12.
- ↑ News Staff (2019-08-28). "Ontario Systems Names Jason Harrington Its New CEO". Government Technology Agency. Government Technology Agency. Retrieved 2021-03-12.
- ↑ ACA International (2021-01-06). "ACA Huddle CFPB Rule Series Part Two: Credit Reporting 101". ACA International. ACA International. Retrieved 2021-03-12.
- ↑ Fonative (2020-07-21). "Fonative Provides Justice Systems Compliant Texting Service for Court Management Software". PR Newswire. PR Newswire. Retrieved 2021-03-12.
- ↑ Dyrda, Laura (2021-01-28). "258+ healthcare revenue cycle companies to know 2020". Beckers Hospital Review. Beckers Hospital Review. Retrieved 2021-03-12.
- ↑ HITC Staff (2016-06-16). "Ontario Systems Acquires Rev Cycle Provider Columbia Ultimate Business Systems". HITC. HITC. Retrieved 2020-05-29.
- ↑ Mills, Wes (2021-02-23). "Ontario Systems Continues Growth". Indiana Business. Indiana Business. Retrieved 2021-03-07.
- ↑ ACA International (2021-02-02). "Ontario Systems Continues Growth". ACA International. ACA International. Retrieved 2021-03-07.
- ↑ PYMNTS (2020-02-01). "Ontario Systems Buys SwervePay To Boost Electronic Payments". PYMNTS. PYMNTS. Retrieved 2020-05-29.
- ↑ Rev Cycle Intelligence (2021-04-26). "Understanding A/R Productivity is Key to Revenue Cycle Success". Rev Cycle Intelligence. Rev Cycle Intelligence. Retrieved 2021-05-02.
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