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D56e547d e0e5 4010 8bbc 3ed2c56a9019

Benefits Fast Inc.

Our SaaS automates Medicaid application and administration for Long Term Care facilities to improve revenue cycle management and efficiency.

  • Stage Full Product Ready
  • Industry Software
  • Location Northbrook, IL, USA
  • Currency USD
  • Founded December 2009
  • Employees 5
  • Website medicaidfast.com

Company Summary

SaaS enabling nursing homes to complete and to manage Medicaid applications (currently all paper-based, many 100's pages) significantly improving the quality of data capture and consistency in submission process. Product enables LTC facilities to capture significantly more revenue as well as to reduce expenses and business risk.

Team

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    Robert Wagner
    VP Marketing & Sales
    Unconfirmed

    Since 2003, he was COO for a national healthcare investment and real estate company. He has also served in an operational capacity at one of the largest academic medical centers in Chicago overseeing new project and service line development as well as the $950M hospital affairs budgeting process.

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    Larry Magill
    CEO
    Unconfirmed

    founded The Center for Elder Law Solutions, PC (“CELS”). -17 yrs. As a recognized industry expert and leader, Larry has had some contact with about half the facilities in Illinois as well as many others across the U.S. He holds Bachelor’s degree from Loyola University of Chicago, his master’s degree in public and social policy from Georgetown University, and his juris doctorate degree from Nova Southeastern University.

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    David King
    Acting CTO
    Unconfirmed

    Past-president, higher education division of Nelnet Business Solutions (NBS), an affiliate of Nelnet, Inc. (NYSE: NNI). In 1997, Mr. King co-founded & was CTO of infiNET Solutions, Inc. to deliver software-as-a-service to higher education market. Also advisory member to the Payment Card Industry Data Security Standards Council and a member of the National Automated Clearing House Association (NACHA) Council for Electronic Billing and Payments.

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    Seth Pierrepont
    Acting CFO
    Unconfirmed

    Over 30 yrs. venture consulting and investment; since 2000, a partner with Sycamore Ventures, a later-stage venture capital firm; founded Sage Venture Management, an early-stage venture consultancy; a partner at Continental Illinois Venture Corporation; and a consultant at Booz.Allen & Hamilton.

Advisors

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    Gregory D. Grove & Mitchell Roth, Much Shelist; Adam A. Masia (IP counsel) Neal, Gerber, and Eisenberg, LLP
    Lawyer
    Unconfirmed
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    James M. Osiol, CPA, Gross Kaplan & Osiol, LLC
    Accountant
    Unconfirmed

Previous Investors

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    Seth L. Pierrepont
    Unconfirmed
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    various friends of family
    Unconfirmed