US-based healthcare billing software developer VisitPay has closed a $15m series A round that included Ascension Ventures, the corporate venturing vehicle for healthcare provider Ascension Health.
VisitPay announced the round, which was led by venture capital firm Norwest Venture Partners, without stating its size, before CEO Kent Ivanoff revealed the amount to MedCity News.
Formerly known as iVinci Health, VisitPay provides a cloud-based platform that simplifies the selection, financing and billing of health services for patients and hospitals.
The software keeps patients informed about what they owe and provides online management tools and financing options.
VisitPay secured $5m in a 2014 funding round that featured healthcare providers Intermountain Healthcare, St Luke’s Health System and Inova Health System.
Kent Ivanoff, CEO of VisitPay, said: “Our cloud based technology is in demand from patients and providers alike in this age of high deductible health plans. It can be implemented across multiple billing systems in as little as 10 weeks.
“We are excited to begin this next stage of our journey and look forward to dramatically expanding the number of health systems and patient consumers we can serve.”