“We believe that the VisitPay platform will have the greatest impact on both patient financial outcomes and the financial health of hospital networks nationwide.
“The growth in patient financial responsibility has put health system operating margins under unprecedented pressure,” said Robert Mittendorff, M.D., partner, Norwest Venture Partners. The easy-to-use online platform is powered by proprietary segmentation and scoring models that deliver personalized patient payment and financing options while driving sustainable economic outcomes for healthcare providers. With VisitPay, hospitals benefit from an outside-in, consumer-oriented approach to patient financial responsibility. The round was led by leading venture capital firm, Norwest Venture Partners, and included participation from Ascension Ventures.Īs patient financial responsibility and healthcare costs continue to rise, providers face the challenges of increasing patient payments while improving patient satisfaction. The company has rebranded as VisitPay to reflect its singular focus on helping consumers and providers manage patient financial health with transparency, choice and control. Boise, Idaho, – November 7, 2017 - Today VisitPay, formerly known as iVinci Health, announced the successful completion of a major funding round to fuel the next phase of its growth.
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