What You Should Know:
– Inbox Health, the platform modernizing patient payments announced it has raised $15M in Series A funding led by Commerce Ventures with participation from new and existing investors, including venture firms Vertical Venture Partners, Healthy Ventures, Collaborative Fund, Fairview Capital, CT Innovations, and I2BF Global Ventures, as well as several industry leading individuals including Bill Clerico, Co-Founder and Former CEO of WePay.
– The company plans to utilize the funding to accelerate the company’s strategic growth as it continues to improve how healthcare billing teams and patients communicate and transact.
– Inbox Health’s data-driven platform makes it easy to automate and personalize patient communication and bill delivery, providing increased clarity around charges and more convenient payment options which dramatically improves both patient affordability and experience.
– To date, Inbox Health has reached more than 2,400 practices and 14 million patients across the United States, with several billion dollars of healthcare spending under management. As the company continues to grow, it expects to reach half of the U.S. population within five years.