New Haven, USA-based leading patient billing communications platform Inbox Health raised USD 22.5 million in Series B funding. The round took place on May 4, 2023. Ten Coves Capital led the financing for the firm. Meanwhile, Commerce Ventures, CT Innovations, Vertical Venture Partners, Healthy Ventures, and Fairview Capital participated in Series B.
Since its inception, the company’s total financing has stood at USD 43 million. As a part of the deal, Steven Piaker, managing partner at Ten Coves Capital, joins the Inbox Health Board of Directors.
Purpose of financing for Inbox Health
With the latest proceeds from the Series B, the company seeks to further accelerate its strategic growth. Meanwhile, it intends to continue to improve and modernize the billing, support, and payment experience for even more patients and healthcare organizations.
What the company’s official has to add
Blake Walker, co-founder and CEO of Inbox Health, said, “It’s tremendous to see the impact our team has been able to have on the patient experience of millions of people over the last few years. It’s humbling to recognize the number of patients who still struggle with frustrating billing experiences and see how many providers and billers continue to navigate inefficient workflows. We have an opportunity to use this funding to magnify our impact and reach millions more patients, and that is motivating for our team.”
What the investors have to add
Steven Piaker, Managing Partner at Ten Coves Capital, further said, “Inbox Health has built a mission-critical solution addressing a large and growing pain point within the healthcare payments space, thereby bringing modern and efficient solutions to millions of patients and thousands of providers. We believe that Inbox Health’s leading solution delivers tangible value to all key players in the patient care process and are excited to partner with the Inbox Health team during its next phase of growth.”
About the company
In 2017 Founders Blake Walker, Chris Walker, Erroin Martin, and Simon Kaluza launched the company. Inbox Health offers a data-driven platform that works to automate and personalize patient billing communications, modernizing long-standing industry norms of 30/60/90-day paper statement billing cycles. Patients can receive medical bills via their preferred communication channel with payment and support options such as text, email, and live chat. Inbox Health currently serves more than 2,500 healthcare practices. It has supported more than 3.5 million patients.
For more extensive analysis and Market Intelligence reports, feel free to approach us.
We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know
if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover
–what information you are looking for in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
