First Look: VisitPay Welcomes New Investor Flare Capital Partners

Last week, at the Digital Healthcare Innovation Summit in Boston, VisitPay announced Flare Capital Partners as its latest professional venture capital investor.

Flare Capital is a leading healthcare investment organization with strategic industry relationships whose advisors and partners include some of the most respected names in US healthcare.

Gary Gottlieb, an Executive Partner at Flare Capital and former CEO at Partners HealthCare, commented: “As the consumer share of payments skyrockets, VisitPay provides a uniquely patient and provider centered solution to engagement and billing.”

VisitPay technology is now used by major health systems with total net patient revenue of $30B. With origins in consumer finance, VisitPay equips hospital systems with powerful segmentation and analytics tools while empowering patient consumers with an easy to use solution for managing their healthcare bills. The results are delighted patients, who report rapid and dramatic improvements in satisfaction, and better economics for health systems, who can stem operating margin erosion caused by high levels of bad debt.

“In an era of high deductible plans where 75% of the American population struggles to pay any unexpected expense of more than $400, and as changing reimbursement rates narrow margins for hospital systems,” continued Gary Gottlieb, “VisitPay gives patients more control over the payment experience while reducing the administrative and financial burden of bad debt on the provider, freeing resources for what they do best: clinical excellence.”

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