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Connecticut Innovations Invests $9.4 Million in Early-Stage Companies in FY 2021 Q3

Connecticut Innovations Invests $9.4 Million in Early-Stage Companies in FY 2021 Q3
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Deals leveraged nearly $124 million in outside capital in the third quarter of the fiscal year
CI had a great quarter, investing in some of the most promising technology companies in the state.
NEW HAVEN, Conn. (PRWEB)
May 25, 2021
Connecticut Innovations (CI), Connecticut’s strategic venture capital arm and the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced that it invested $9.4 million across 36 transactions during the third quarter of its 2021 fiscal year, ending March 31, 2021.
In terms of investment breakdown, CI invested approximately $6.5 million in bioscience and healthcare information technology companies and $1.8 million in IT companies. The additional funds were allocated to companies spanning a variety of indust ....

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Patient financial engagement platform Cedar snaps up medical billing company OODA

Photo by Martin Barraud/Getty Images
Patient financial engagement company Cedar is beefing up its platform by purchasing OODA Health, a healthcare administrative platform for payers and providers, for $425 million.
The combined company will bring together Cedar’s patient-facing platform that creates a personalized billing experience for each user with OODA’s platform that seeks to cut back on administrative waste by enabling back-end communication between payers and providers.
Cedar s mission has always been to transform healthcare and deliver the best possible financial experience for consumers, Florian Otto, CEO and cofounder of Cedar, said in a statement.
We ve made great progress toward that goal, but consumers still need greater financial clarity and more affordable healthcare and the experience with one s provider or one s payer is just part of the issue. Both Cedar and OODA Health are forward-thinking when it comes to putting consumers first, and we ....

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Inbox Health Raises $15M for Intelligent Patient Billing Engagement Platform -

What You Should Know:
– Inbox Health, the platform modernizing patient payments announced it has raised $15M in Series A funding led by Commerce Ventures with participation from new and existing investors, including venture firms Vertical Venture Partners, Healthy Ventures, Collaborative Fund, Fairview Capital, CT Innovations, and I2BF Global Ventures, as well as several industry leading individuals including Bill Clerico, Co-Founder and Former CEO of WePay.
– The company plans to utilize the funding to accelerate the company’s strategic growth as it continues to improve how healthcare billing teams and patients communicate and transact.
– Inbox Health’s data-driven platform makes it easy to automate and personalize patient communication and bill delivery, providing increased clarity around charges and more convenient payment options which dramatically improves both patient affordability and experience. ....

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AI-enabled patient billing tool Inbox Health lands $15M

(Photo by IronHeart/Getty Images)
Digital healthcare billing company Inbox Health scored $15 million in a Series A funding led by Commerce Ventures with participation from Vertical Venture Partners, Healthy Ventures, Collaborative Fund, Fairview Capital, CT Innovations and I2BF Global Ventures.
This news comes roughly a year after the company closed its $3.5 million seed funding round.
WHAT IT DOES
The company is centered on personalizing patient billing. The technology was designed to automate bills and give patients additional insights into their charges. The startup also designed the system so patients can choose different payment options.
Patients can chat back and work with billing teams. According to the release, the company uses data in order to help bolster financial results. ....

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Billing software startup Inbox Health raises $15M

MedCity News
Billing software startup Inbox Health raises $15M
Medical payments platform Inbox Health raised $15 million in series A funding. The company works with third-party billing companies to better communicate with patients and make bills clearer.
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Billing software startup Inbox Health raised $15 million in series A funding. The startup builds systems to make it easier to reach patients and answer questions about their bill.
The New Haven, Conn.-based startup partners with third-party billing companies. Since it was founded in 2014, it now counts 2,400 practices among its users.
With the funding round, led by early-stage investor Commerce Ventures, Inbox Health plans to build out its platform to reach more billing companies and practices across the U.S. ....

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