NEW HAVEN, Conn., June 26, 2019 /PRNewswire-PRWeb/ -- Inbox Health will use the proceeds from this round of funding to continue to scale sales and marketing, and invest in engineering to broaden the integration with the billing companies' ecosystems and enhance the functionality of its market-leading platform.
This round was led by Connecticut Innovations, with participation from Metropolis Ventures, I2BF Global Ventures, and StartUp Health, alongside several notable angel investors.
Inbox Health provides a comprehensive patient communication platform to medical billing companies allowing them to more efficiently manage patient receivables. The company analyzes data on millions of patients to personalize each patient's billing experience, and automating the patient billing and the follow-up communication process from there.
"We are pleased with the investment and continued support from our current investors and also a number of strategic new investors who can help us build on our leadership position improving patient engagement for medical billers while lowering their operational expenses," said Blake Walker, Inbox Health's Chief Executive Officer.
"Inbox Health has demonstrated great traction in the large patient billing space and we're happy to continue to support their growth. The company addresses a real and growing pain point in the healthcare space and delivers value across the ecosystem - from patient to practice to biller," commented Matt Storeygard, Managing Director, Venture Capital Investments at Connecticut Innovations.
Inbox Health's platform reaches in excess of a thousand practices, and 4 million patients across the US, with more than $700 million of healthcare spending under management.
About Inbox Health
Inbox Health is transforming the Medical Billing world one patient at a time with personalized and intelligent interactions that deliver a clear and convenient billing experience for every patient. Founded in 2014, Inbox Health is quickly becoming the industry standard for medical billers and practices that want to increase collections and shorten revenue cycles while reducing administrative costs. Inbox Health is a venture backed software company supporting billers across the United States. The Inbox Health platform automates the patient communication process using bi-directional correspondence, proprietary algorithms, machine learning and artificial intelligence so every patient understands their medical bills and has access to different payment mechanisms, and medical billers and providers achieve optimal patient receivables. Learn more at Inboxhealth.com
Inbox Health is a registered trademark of Inbox Health, Inc.
SOURCE Inbox Health