Change Healthcare, a Brentwood, TN-based provider of healthcare cost transparency and consumer engagement solutions, closed a $15m financing.
The round was led by HLM Venture Partners, with participation from new investor Noro-Moseley Partners and existing investors BlueCross BlueShield Venture Partners, Sandbox Industries, Mitsui & Co. Global Investment, Inc., Gary and Mary West Health Investment Fund, LLC, and Solidus Co.
The company intends to use the funds to expanding its sales and marketing efforts and accelerate product development.
Established in 2007 and led by Doug Ghertner, president and CEO, Change Healthcare is a national provider of healthcare cost transparency and consumer engagement solutions that are designed to enable consumers to better understand and utilize their healthcare benefits and make informed healthcare purchasing decisions.
The company has a national client base of health plans and employers covering all 50 states.