In what’s turning into a familiar sample, a practice control employer is on the center of an acquisition deal. This time, exercise management software program commercial enterprise Inbox health hasacquired billing transparency business Cake health for its era, but the monetary terms had been notdisclosed.
CakeHealth aggregates clinical price and coverage facts to help customers manage their healthcare fees. Rebecca Woodcock founded the enterprise and launched the San Francisco-based totally commercial enterprise at TechCrunch Disrupt in September 2011. Its 3 number one investors encompass Rock health, Kima Ventures, and CRV. Woodcock will join Inbox fitness as an adviser, Inbox health chief product Officer Blake Walker showed in emailed responses to questions.
Inbox fitness only officially launched closing yr. it really works with healthcare carriers to enhance the accuracy of patient benefit facts and fee processing. both Inbox fitness and CakeHealth were StartUpfitness portfolio agencies.
Inbox health’s most modern product, Benefitly, syncs up with healthcare vendors’ existing schedulingsystem. It informs patients via email or SMS that they are able to check-in early for his or herphysician’s appointment. They can also entire office paperwork earlier of their go to or inside thewaiting room, evaluate insurance records, ask questions on their benefits, and pay for their go to in fullor over time. CakeHealth’s coverage aggregation tool could be included with Benefitly.
Walker commented at the address CakeHealth. “CakeHealth’s coverage aggregation tech is novel, andcould were difficult to create. obtaining it lets in us to transport towards our goal of making a extraobvious and frictionless patient payment technique.” He brought: “We each percentage a commonintention, and we have been encouraged to paintings together to push healthcare billing and billstoward a more transparent and cohesive future.”
moreover, Walker stated Inbox fitness is elevating a Seed spherical of up to $2.five million, led by way ofConnecticut innovations and launch Capital, with in addition participation from more desirable Capital. Hesaid the investment could be used to “make bigger our integrations with present carriers and develop oursales and marketing teams.”
In Mercom Capital’s file on fitness IT deal float within the first region of the year, it mentioned that the primary 3 months of the year had the highest range of mergers and acquisitions in a single area. It alsolocated that practice–centered corporations dominated M&A interest, accounting for 36 of the
overall fifty eight transactions.
earlier this month, athenahealth acquired its first portfolio employer Arsenal fitness — a enterprise thatmakes use of predictive analytics to assume which sufferers will cancel their health practitioner’s appointment or now not show up at all. SwervePay received StatPayMD to help sufferers higherrecognize their medical bills.In what’s turning into a familiar sample, a practice control employer is on the center of an acquisition deal. This time, exercise management software program commercial enterprise Inbox health hasacquired billing transparency business Cake health for its era, but the monetary terms had been notdisclosed.
CakeHealth aggregates clinical price and coverage facts to help customers manage their healthcare fees. Rebecca Woodcock founded the enterprise and launched the San Francisco-based totally commercial enterprise at TechCrunch Disrupt in September 2011. Its 3 number one investors encompass Rock health, Kima Ventures, and CRV. Woodcock will join Inbox fitness as an adviser, Inbox health chief product Officer Blake Walker showed in emailed responses to questions.
Inbox fitness only officially launched closing yr. it really works with healthcare carriers to enhance the accuracy of patient benefit facts and fee processing. both Inbox fitness and CakeHealth were StartUpfitness portfolio agencies.
Inbox health’s most modern product, Benefitly, syncs up with healthcare vendors’ existing schedulingsystem. It informs patients via email or SMS that they are able to check-in early for his or herphysician’s appointment. They can also entire office paperwork earlier of their go to or inside thewaiting room, evaluate insurance records, ask questions on their benefits, and pay for their go to in fullor over time. CakeHealth’s coverage aggregation tool could be included with Benefitly.
Walker commented at the address CakeHealth. “CakeHealth’s coverage aggregation tech is novel, andcould were difficult to create. obtaining it lets in us to transport towards our goal of making a extraobvious and frictionless patient payment technique.” He brought: “We each percentage a commonintention, and we have been encouraged to paintings together to push healthcare billing and billstoward a more transparent and cohesive future.”
moreover, Walker stated Inbox fitness is elevating a Seed spherical of up to $2.five million, led by way ofConnecticut innovations and launch Capital, with in addition participation from more desirable Capital. Hesaid the investment could be used to “make bigger our integrations with present carriers and develop oursales and marketing teams.”
In Mercom Capital’s file on fitness IT deal float within the first region of the year, it mentioned that the primary 3 months of the year had the highest range of mergers and acquisitions in a single area. It alsolocated that practice–centered corporations dominated M&A interest, accounting for 36 of the
overall fifty eight transactions.
earlier this month, athenahealth acquired its first portfolio employer Arsenal fitness — a enterprise thatmakes use of predictive analytics to assume which sufferers will cancel their health practitioner’s appointment or now not show up at all. SwervePay received StatPayMD to help sufferers higherrecognize their medical bills.
