Inbox Health, a New Haven, CT-based patient engagement, communication, and payment platform built for medical billers , closed a $3.5m funding round.
The funding was led by Healthy Ventures, joined by Collaborative Fund and Commerce Ventures, and existing investors Connecticut Innovations, I2BF Global Ventures, Startup Health, and others.
The company intends to use the funds for expansion into thousands of new practices.
Led by CEO and Co-Founder Blake Walker, Inbox Health provides a platform that analyzes millions of data points across its entire customer base, enabling billers to personalize each patient’s billing, payment, and the communication experience
The platform automates the patient communication process using bi-directional correspondence, proprietary algorithms, machine learning and artificial intelligence so every patient understands their medical bills and has access to different payment mechanisms, and medical billers and providers achieve optimal patient receivables.