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IVINCI HEALTH ADDRESS PATCH
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IVINCI HEALTH ADDRESS SERIES
All Rights Reserved.“We are very pleased and grateful to have AHV leading our Series B financing, as well as the ongoing commitment of our current investors,” said Dave Van Meter, President and CEO of Ivantis. Write to Timothy Hay at ©2022 Dow Jones & Company, Inc. raised a $10 million Series B round from Social+Capital Partnership and other investors, VentureWire records show.
IVINCI HEALTH ADDRESS SOFTWARE
The company's software connects consumers with medical bills to billing experts, who comb through the bills in search of mistakes, including improper pricing for services or flawed claim adjudication, the company said.Ībout a year ago, billing-transparency technology provider Simplee Inc. 406 Ventures, Cambia Health Solutions and other investors, VenureWire records show. Other startups with technology to improve medical billing have raised funding in recent times. Many care providers today use the billing functionality that is built into electronic health records, but iVinci believes that billing is so complex that a dedicated system-one that integrates with all of the EHRs in use-is warranted, the CEO said.
The company's founders, veterans of consumer-finance companies, have also built a "scoring" system that profiles patients and then predicts for hospitals how and when patients will pay their bills, he said. IVinci's patient portal and payment platform seeks to break down and itemize medical bills to the penny, and enables care providers to offer financing plans to pay bills, Mr. said that patients-many of whom are frustrated by unexplained costs and a general lack of transparency in billing- frequently move their medical bills to the bottom of the pile. A report several years ago by consultants McKinsey and Co. Over the years, as health insurers have moved to high-deductible plans and moved more people onto their membership rolls, more health-care costs have fallen on consumers.īut according to iVinci, payments technology has not changed with the times. "It's the highest compliment a customer can pay you," he said, "and it's potentially friendlier capital."
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