VisitPay
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VisitPay - overview
Established
2010
Location
Boise, ID, US
Primary Industry
Software
About
Founded in 2010 and based in Idaho, US, VisitPay formerly known as iVinci Health, LLC is a provider of a patient financial engagement platform that allows patients to manage their own medical billings. The idea behind the platform is to provide customers with price transparency so that they can know what they owe and can also make payment arrangements. The company was founded as iVinci Health, LLC and was created in the basement of the CEO's home. The software platform of the company is used to consolidate bills from hospitals, doctors, and other clinicians into one place and a single monthly statement.
The company also provides customers with a view of medical costs and an explanation of benefits, as well as the ability to view their balance and make payments. The company employs approximately 120 employees, that work in connection with the platform to provide services to hospitals, health systems, and physician groups across the US. The cloud-based platform of the company will be used by R1 RCM Inc. in connection with the acquisition in 2021, to allow the company to transform patient experiences and drive increased patient satisfaction.
Current Investors
R1 RCM, Inc., Norwest Venture Partners, Ascension Ventures
Primary Industry
Software
Sub Industries
Healthcare IT, Accounting/Finance Software, Medical Software
Website
www.visitpay.com
Verticals
Cloud Computing, FinTech, HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
VisitPay - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | VisitPay | - |
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