The idea is to give patients a more convenient way to pay medical bills. In February, the two companies launched Text to Pay, a mobile solution to help work with healthcare providers and give them an easy way to accept payment through text messages. The company needs broader distribution channels, an in-house acquiring platform and a global brand, and the partnership with Sphere would do well to fulfill those needs, as Sphere is aligned with its vision and aspiration of growth.Įarlier this year, Sphere teamed with VisitPay to boost its patient payment as well, PYMNTS reported. Rajesh Voddiraju, founder and CEO of Health iPASS, said the acquisition is the natural conclusion of Health iPASS's business growth. "The Health iPASS software platform addresses those needs by streamlining the check-in and financial engagement workflow to increase provider revenue and improve patient communications." “Recent events have accelerated healthcare providers’ need for virtual interactions with their patients throughout the patient experience," he said, according to the release. The patient checkout experience is helped by Health iPASS's simplifying of the check-in process and payment experience, the release stated, using a multi-channel virtual software interface to facilitate pre-service, time-of-service and post-service engagement and patient payments.Īndrew Rueff, Sphere executive chairman, said the acquisition of Health iPASS "builds upon Sphere’s strong presence in the healthcare market and adds a highly relevant and unique set of software solutions" that patients need these days for engagement and pay. Eric has been in the Healthcare SaaS Industry for 10 years with a focus on Electronic Health Records, Patient Engagement and Revenue Cycle Management Sales. that experienced high growth leading to acquisitions by large PE-backed firms. The Health iPASS software platform addresses those needs by delivering a streamlined healthcare consumer experience from appointment to final payment and enhancing provider revenue collections, Andrew Rueff, executive chairman of Sphere and operating partner at Waud Capital, said. According to the release, the company's products help to speed up cash flow, lower claim denials and improve patient relations. Health iPASS CEO Rajesh Voddiraju says theyve grown to a team size of 45. Health iPASSs primary competitors are CareCloud, Cedar, Inbox Health and 18 more. Health iPASS provides software for cloud-based patient engagement revenue cycle management, helping providers collect revenue and giving a streamlined healthcare payment experience. End-to-end integrated payment and security software provider Sphere has announced its acquisition of Health iPASS, according to a press release.
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