Healthcare Tech Startup Secures $7 Million

HealthiPASS acquired $7.2 million in Series A financing, led by FCA Venture Partners, with participation from OCA Ventures, Healthy Ventures, HealthX Ventures, and Waterline Ventures.

HealthiPASS aims to help healthcare practices eliminate patient debt, reduce patient billing and collections costs, and create a positive patient experience. The technology offers payment assurance with time of service collections at check-in (copays, co-insurance, deductibles, and open balances). According to the company, its clients have achieved patient net collection rates of 90–96%, with an average collection period of five days.

The funds will be used to further innovate and expand the HealthiPASS patient payments platform.