![]() "Billing is the last phase of a patient's experience with a health system. Patients will choose where to get care - based not just on the quality of the care itself but also on the financial management resources made available to them by healthcare providers," said Ivanoff. "With the rise of high deductible plans and the corresponding rise in patient financial responsibility, there will be unprecedented demand for a different billing experience - one that's on par with other consumer-driven markets. IVinci Health's CEO, former Capital One executive Kent Ivanoff, believes that the market is primed for a solution that addresses the collection of patient balances and delivers a substantially more consumer-friendly online experience to healthcare billing. "Now, more than ever, an exceptional billing experience needs to complement an exceptional clinical experience to engender patient loyalty." ![]() "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." Dr. "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. In the latest round of financing, investing health systems were compelled by the power of VisitPay to drive a remarkable patient experience, its relevance in the face of growing patient obligations and the sizeable opportunity before iVinci. Luke's and the Pacific Northwest health system referenced above, initially became investors during the company's first equity offering in 2011. After using the company's solutions, iVinci's first two health system clients, St. Luke's Health System, headquartered in Boise, Idaho and another undisclosed but highly-regarded health system headquartered in the Pacific Northwest. The new round of funding, which closed on September 3, was uniquely led by market-leading health systems that include: Intermountain Healthcare, headquartered in Salt Lake City, Utah Inova Health System, headquartered in Falls Church, Virginia St. The company also announced the launch of a new extension to VisitPay® – an online Payment and Financing Portal that provides an easy and convenient way for patients to manage their medical bills and set-up financing plans for balances owed by them and their families. 15, 2014 /PRNewswire/ - iVinci Health LLC, the company behind the healthcare industry's first and only comprehensive Patient Revenue Management system, branded as VisitPay®, has successfully closed $5 million in new funding.
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