New Mountain Capital, an investment firm with over $37 billion in assets under management, has made an investment in ClaimLogiq, a healthcare technology service that allows complex claim reviews for health plans prior to payment.

Claim Logiq is a technology payment integrity provider that offers savings for health plans by trying to reduce errors in complex claims prior to payment through its software service, TrueCost. Affiliates of New Mountain Capital will be partnering with ClaimLogiq’s management team and existing investor, Eir Partners, to support the next phase of growth for the company, including investments in product development, talent and infrastructure.

ClaimLogiq offers its clients a compelling value proposition and we are looking forward to supporting investments in technology, automation and strategic acquisitions to further extend ClaimLogiq’s offering and to continuously improve the value proposition for customers,” says Kyle Peterson, managing director at New Mountain Capital.

Ice Miller served as legal counsel to ClaimLogiq and Eir Partners. Ropes & Gray served as legal counsel to New Mountain Capital.