“Our VisitPay Portal takes a very consumer-friendly approach to solving both of these problems for patients,” Ivanoff says. “While there are any number of reasons why people pay or don’t pay their medical bills, two stand out as the most common - confusion over what is truly owed and a dearth of relevant financing options,” iVinci Health’s CEO (and former Capital One exec) Kent Ivanoff says in a statement. The company says it will use the new money to fuel its national expansion and to promote the new patient portal product. The new funding brings iVinci’s total up to roughly $6.75 million. The company took a $1.7 million funding round last April. VisitPay is a financial services and payments technology company that provides healthcare systems with a fully integrated set of tools and services to manage patient receivables from origination to final disposition. “iVinci provides effective solutions that help us work with our patients to manage their obligations because they simultaneously provide our patients with easy-to-use online tools for managing, paying, and financing their healthcare bills.” “We find that patients are becoming increasingly challenged by health plans passing a higher percentage of each final bill onto them for payment,” said Dr. Luke’s Health System, and one other undisclosed large healthcare system. The new round, which closed on September 3, was led by Intermountain Healthcare, Inova Health System, St. The company also says it’s completed a new $5 million round of funding. IVinci offers another system that allows providers to predict when and how patients will pay, as well as an array of other forecasting, vendor management, reporting, and analytic tools to manage revenues. It’s now launching a new patient portal, called the VisitPay Portal, which hospitals can use to simplify the selection, financing, and billing of health services for their patient customers. It tells patients exactly what they owe and when they owe it, then provides online management tools and financing options. As BoiseDev reported in 2019, VisitPay which started as iVinci Health, provides a billing system for hospital groups across the country. See how Looking to pay your healthcare bill provider's website. TM Patient and provider relationships are about to get stronger than ever. giving an effective purchase price of 260 million. VisitPay is now part of R1 Entri VisitPayis now partof R1 Entri. The deal includes 300-million in cash, plus a tax benefit. Boise, Idaho-based iVinci Health makes a series of patient billing and revenue management tools for hospitals and other healthcare providers. R1 RCM, Inc., a publicly traded company based in Chicago announced it would buy VisitPay.
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