AccessOne, a Durham, NC-based provider of patient financing options designed to help patients manage their health care costs, received an investment from Echo Health Ventures, which is a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions.
The amount of the deal was not disclosed. The round was led by Frontier Capital.
The investment will help fund AccessOne’s acquisition of HealthFirst Financial, a software-enabled service provider of patient financing programs to health care organizations.
With the acquisition, the company becomes one of the largest and most experienced national platforms for tailored patient financing solutions in health care.
Led by Mark Spinner, CEO, AccessOne provides consumer-friendly financing programs in partnership with health systems by offering people low- and zero-interest loans for out-of-pocket medical expenses.