Patientco, an Atlanta, GA-based payment technology company built for healthcare, received an investment from Pamplona Capital Management.
The amount of the deal was not disclosed.
The company will use the funds for expansion of sales nationally through the central and western United States as well as to continue to develop the platform.
Led by Bird Blitch, co-founder and CEO, Patientco provides more than 500 hospitals and physicians practices nationwide with cloud-based patient payment technology to optimize and increase patient revenue cycle efficiency.
Patientco Essentials allows healthcare providers to automatically manage, consolidate and reconcile every patient payment across all their point-of-service, patient access, business office and 3rd party locations.
Pamplona’s investment in the company also includes a commercial agreement to embed Patientco’s offerings into its MedAssets Revenue Cycle Management (RCM) and Precyse business, which were both acquired by Pamplona in 2015 and are being merged in the firs quarter of 2016.