Great Point Partners (“GPP”), a Greenwich-based private investment firm focused exclusively on the health care industry, announced the growth recapitalization of Ludi, Inc. (“Ludi”), the leader in physician payment automation, based in Nashville, TN.
Founded in 2012 by industry veteran Gail Peace and trusted by hundreds of hospitals nationwide, Ludi’s DocTime Suite helps hospitals track, manage and audit any type of payment to physicians. The proprietary technology enhances the financial performance of health care systems by optimizing their entire physician payment processes, increasing physician satisfaction and reducing compliance risk and administrative burden on hospital teams.
The growth recapitalization of Ludi will enable the company to expand its market-leading DocTime Suite of products and enhance the value proposition it offers to hospital systems and physicians. As part of the transaction, Ludi will implement a series of changes to its management team:
- Gail Peace has guided Ludi from inception through a period of significant growth and expansion. In the next phase of Ludi’s development, she will maintain her role on the company’s board of directors, where she will continue to actively support Ludi’s business objectives and provide strategic guidance. Gail will remain an integral part of Ludi’s continued evolution.
- Danielle O’Rourke will become Chief Executive Officer, having previously served as Chief Operating Officer since joining Ludi in 2019. Based in Indianapolis, IN, Danielle has played a pivotal role in accelerating Ludi’s growth over the last four years, streamlining operational processes, building an in-house analytics department, spearheading sales strategies, developing strategic channel partner relationships and contributing to product development. With extensive experience across many areas of the health care industry, including as former principal at Martin Ventures and former board member of Ovia Health and Clockwise.MD by Lightshed Healthcare, Danielle will harness her strong operational and financial capabilities and historical knowledge of the company as she succeeds Gail Peace, Founder of Ludi and outgoing Chief Executive Officer.
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