For PE-Backed Specialty Groups

Zero new FTEs per acquired site.

The economics changed when you stopped adding front desk staff to match growth. Steer's workforce absorbs the volume. Your people work on the exceptions. Dermatology, orthopedics, spine, ophthalmology, urology, GI, women's health. The roll-up math works differently now.

0
New FTEs per acquired site
+18%
Gross margin, year one
2.4x
New patient visits per provider
82
Locations at scale (PhyNet)
The roll-up grind

Three problems. Every PE portfolio.

The pains of specialty roll-ups are specific, and they are not the same as a hospital system's. Steer is built to solve them.

01

FTE hiring that scales with acquisitions

Every acquired practice needs a front desk, a scheduler, a biller. Until it doesn't. AI Front Door and Luna absorb the volume. The workforce scales with locations, not with hiring plans.

02

Margin compression as the portfolio scales

Gross margins compress as overhead grows faster than revenue. The AI workforce inverts the ratio. +18% margin per provider in year one at PhyNet Dermatology.

03

RCM normalization across acquired practices

Each acquired practice has its own billing software, its own denial patterns, its own clean-claim rate. Revenue Cycle AI normalizes the entire portfolio onto one upstream capture model.

04

Integrated patient acquisition across the portfolio

Paid ads, SEO, referrals, website. Most roll-ups run these at the practice level. AI Front Door consolidates them at the platform level with real closed-loop attribution.

PE portfolio outcomes

The roll-up math, rewritten.

Portfolio averages from deployments at PE-backed specialty roll-ups with six or more months in production.

0
New FTEs per acquired site
2.4x
New patient visits per provider
+18%
Gross margin, year one
15%
Clean-claim rate improvement
How it plays for a PE operator

From LOI to margin lift.

The AI workforce maps directly to the levers a PE operating partner cares about. Acquisition, cost basis, margin, exit multiple.

01
Acquisition

New practice closes. Steer spins up on the existing EHR in 3 to 4 weeks. No new FTE ramp-up. The location is absorbed, not integrated.

02
Cost basis

Front desk, scheduling, billing, and reminder staffing stays flat across new locations. Labor intensity per location goes down as the portfolio grows.

03
Revenue capture

New patient acquisition up 2.4x per provider. Eligibility captured at booking. Denials worked continuously. RCM across the whole portfolio normalized.

04
Exit multiple

Platform-level EBITDA margin improves. The story at exit is not growth by addition, it is growth with margin expansion. That is a different multiple.

PE portfolio proof

PhyNet Dermatology: 82 locations.

PhyNet Dermatology · 82 locations · PE-backed specialty roll-up
"We stopped thinking about front desk as a location-level cost. AI Front Door handles it at the platform level. The margin math works differently now."
Operations leader, PhyNet Dermatology
0
new FTEs per acquired site
+18%
margin per provider, year one

The workforce that inherits the platform.

Every new acquisition inherits the workforce, not the integration load. The playbook runs the same at location one and location eighty-two. That is the compounding advantage of an AI-native platform over a point-tool stack.

2025 Impact Report

The numbers behind the AI workforce.

Production outcomes from 109 organizations, 472 locations, 19M patient lives. Quantified results across all four agents, with methodology disclosed for every metric.

Read the report →

Run the roll-up math.

We work directly with PE operating partners and portfolio company CEOs. Bring us your acquisition pipeline and current cost structure. We model the workforce economics against it.