MedPilot Raises $3.6M in Total Funding
Summary
MedPilot, a Cleveland, OH-based patient financial engagement company, raised a new round of funding. The round – which brought total funding raised to date to $3.6M – was led by JumpStart, TurnCap, Northcoast Fund, Wavemaker Three-Sixty Health, Valley Growth Ventures, and Hudson River Capital Partners. The company intends to use the funds to bolster its team of 40 employees in Cleveland, Ohio, and optimize its next generation of functionality to further engage with patients through their financial experience. Led by Jacob Myers, Co-Founder and CEO, MedPilot provides healthcare providers and revenue cycle management companies with a patient financial engagement platform to personalize outreach depending on who the patient is and then uses machine learning to optimize based on the person’s interactions. The platform, which has already helped over 1 million patients to date and boasts a 97% patient satisfaction score, leverages artificial intelligence to synthesize behavior and engage patients more efficiently and effectively.