INSUBCONTINENT EXCLUSIVE:
As it rebrands from Patch toAnagram, the healthcare billing platform making it easier for providers to accept out-of-network patients has
raised $9.1 million in new financing.
The round was led by ManchesterStory, with participation from CareCredit (a Synchrony solution),
Waterline Ventures, Rogue Venture Partners, Launchpad Digital Health, KEC Ventures and Healthy Ventures.
According to a statement, the
company software makes it easier for healthcare providers to choose which insurance they want to take
Instead of focusing on primary care physicians, Anagram reaches out to dentists, ophthalmologists and others to help them with their billing
needs.
Most of our customers are independent practices in the ancillary market — like dermatologists and dentists — we are not
targeting the core hospital system networks.
The company says that its software allows providers to pull real-time health insurance benefits
from a variety of networks so they never have to ask for patients& insurance
The company also said providers can set their own prices and discounts to support cash payments through the service.
Data provided by the
company indicated that offices that use Anagram services can take on 260 more patients and receive an additional $30,000 annually
per-location from cash-paying patients
Over $55 million worth of claims have been processed through the company software, according to the statement.
Accessing benefits and paying
for healthcare really doesn''t have to be as difficult as it is today,& said Jeremy Bluvol, co-founder and CEO of Anagram
&We envision a world where paying for healthcare and leveraging insurance benefits is a simple and transparent experience for both patients
With Anagram, patients can go to any provider they want, and providers never have to file paper claims or turn patients away again.
