MedPilot, a Cleveland, OH-based patient financial engagement platform, raised $1.7M in funding.
The round was led by Hudson River Capital Partners, Valley Growth Ventures, Cedars-Sinai, Techstars, and investor Tom Hirschfeld.
The company intends to use the funds to further bolster their team and to launch new functionality to enable healthcare organizations to further engage with patients throughout their lifecycle.
Led by Jacob Myers, Co-founder and CEO, and Nathan Spoden, COO, MedPilot provides a patient financial engagement platform working with outpatient facilities, hospitals, revenue cycle management companies, and practice management systems.
The platform, powered by millions of data points, combines information from the client’s practice management system with internally derived insights and analytics to personalize the approach, including communication method, content, and payment options. Using machine learning, they continue to optimize their outreach strategies based on the patient’s interactions. MedPilot also powers the healthcare provider’s administrative department by providing them with a tool to track patients, manage their experience, and monitor financial activity.
The company graduated in the latest class of the Cedars-Sinai Accelerator.