Patient communications and payment support platform Inbox Health has closed its seed round on $2.4m.
Connecticut Innovations led the investment, while participation to the round also came from I2BF Global Ventures, Launch Capital, Enhanced Capital, and several unnamed angel investors.
This seed round comprises of a new batch of $900,000, which is added to the initial $1.5m the company raised early last year.
Connecticut-based Inbox Health is a patient communication platform for medical billing companies – it currently serves over 1.2 million patients and 500 medical providers across the US.
Its platform, supported by machine learning and AI, uses bi-directional text, email, voice and paper communications to automate the patient notification and follow-up communication process. The solution also verifies insurance, collects the co-pay, and stores cards on file for future payments.
Capital from the round will be used to build on its technology, scale its sales and marketing operations and add staff to its operational and onboarding teams.
Inbox Health CEO Blake Walker said, “Medical billers are the backbone of a critical piece of the US healthcare ecosystem. Helping billing companies provide a better billing service for patients and providers, and creating more efficient operations and growth opportunities is critical to their success in today’s healthcare industry.”
Alongside the funding round, newly appointed COO Charles Gamble will join Inbox Health’s board of directors. Joining him will also be former Tangoe CEO James Foy.
Earlier in the year, Connecticut Innovations launched its latest VentureClash challenge application period. The initiative will judge all companies that apply to the process, with the winner taking home a $1.5m prize. Another $3.5m will be distributed amongst the nine other finalists of the challenge.
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