Premier Healthcare Exchange, Inc., a Bedminster, NJ-based late stage healthcare cost management company, has received a $4m investment from Edison Ventures.
The capital infusion will allow the company to expand sales, marketing and shareholder liquidity.
Premier Healthcare Exchange provides advanced cost management solutions such as data analytics, PPO network management, claims editing, clinical bill review and audit and out-of-network negotiations, to health plans. Customers include Government Employee Health Association, Inc. and HCC Life Insurance Company.
In conjunction with the financing, Chris Sugden, Edison Managing Partner, and Nanci Ziegler, Edison Director Network member, joined the company’s board of directors.
Commenting on the investment, the founder of Premier Healthcare Exchange, Todd Roberti, stated: “Edison’s track record of strategic guidance and value-added services will accelerate PHX’s growth over the next three years.
“We are happy to have Edison onboard as their healthcare and technology expertise will help us take a leadership role in healthcare cost management industry.
“As a very successful expansion stage investment firm, they bring a wealth of experience and contacts to the company”, he added.