What Company Is Offering:
TriHealix provides an integrated healthcare and financial transaction platform designed to administer complex health insurance products and streamline the settlement process between payors and providers, including dental, medical, pharmacy, and vision practitioners. The TriHealix Multi-Authorization Processing platform enables simultaneous, electronic communication and data sharing by all parties to a healthcare transaction – from point of care, to insurance companies, to consumer financial institutions, and back. To connect providers to its platform, TriHealix offers a Web-based portal that integrates payment card acceptance with eligibility verification, as well as other services designed to help providers with revenue cycle management.
How Much They Got From VCs:
TriHealix, a developer of innovative technology to streamline healthcare payments and consumer account settlements, has secured $7 Million in Series C financing. The funds will support the continued development and deployment of its patent-pending Multi-Authorization Processing (MAP) technology and proprietary integrated transaction processing platform.
About VCs:
Lemhi Ventures (www.lemhiventures.com), a Minneapolis-based venture capital firm, led the financing. "Lemhi Ventures invests in companies that bring disruptive change to the healthcare services industry," said Randy Schmidt, Lemhi Ventures Venture Partner and a member of the TriHealix board of directors. "We believe TriHealix is poised to re-invent the healthcare payments business and become one of those companies."
More at: www.trihealix.com
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