iVinci Health Closes $5M Funding

iVinci Health LLC, a Boise, ID-based provider of a healthcare Patient Revenue Management system, branded as VisitPay®, closed a $5m funding.

The round was led by was led by Intermountain Healthcare, Inova Health System, St. Luke’s Health System and another undisclosed health system headquartered in the Pacific Northwest.

Led by CEO iVinci Health, Kent Ivanoff, the company has developed and launched a cloud-based Patient Revenue Management platform for hospitals and health systems. The solution enables patients to manage, pay and finance their healthcare bills online and hospitals and health systems to increase the amount they collect.
The company has also launched a new extension to VisitPay, an online Payment and Financing Portal that provides a way for patients to manage their medical bills and set-up financing plans for balances owed by them and their families.
In addition to the Patient Payment and Financing Portal, it offers Patient Scoring and Segmentation that provide health systems with tools to predict when and how patients will pay.
The system also provides a Patient Revenue Intelligence Center that affords hospital staff a wide range of forecasting, vendor management, reporting and analytic tools to manage every aspect of their patient revenue business.

FinSMEs

15/09/2014

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