Rivia Health (a revenue cycle management solution for healthcare provider organizations) announced a $3.25 million Series Seed funding round led by PHX Ventures. The new funding round will be used to expand Rivia Health’s patient payment solution and enter new markets across the country.
Rivia Health has streamlined the patient payment process with an intelligent revenue cycle management platform. Utilizing digital communications, smart messaging, and easy payment tools, Rivia Health removes the common barriers to collections and enables patients to pay bills seamlessly. Rivia Health improves providers’ efficiency and the bottom line by facilitating payments and integrating effortlessly into existing systems.
As the healthcare digital payment market grows exponentially with continuously rising healthcare costs, Rivia Health is strategically positioned to assist patients in navigating the challenges of paying medical bills by simplifying payments.
KEY QUOTES:
“We invest in purpose-driven founders building high-growth software companies. Rachel and Elizabeth have built a solution that is clearly needed in the market, proven by 500 percent growth in 2023. This is a strong team building a great company.”
– Gregg Scoresby, Founder & Managing Partner at PHX Ventures
“Gregg and the whole team at PHX Ventures have already been incredible partners. Their expertise in B2B SaaS has been a real benefit for us as we focus on expanding our platform and market.” Said Elizabeth Furst, COO and Co-Founder of Rivia Health. Elizabeth and Rachel said they are honored to join the PHX Ventures portfolio and look forward to working with them to further Rivia Health’s mission of bringing ease and efficiency to patient payments.”
– Rachel Mertensmeyer, CEO and Co-Founder of Rivia Health
