SwervePay has raised $10 million in Series B funding to expand and grow its text message-enabled patient payment solution for healthcare providers, with support from capital investment partner Garland Capital Group.
SwervePay enables patients to pay medical bills via text messages, circumventing mobile apps, paper bills and patient portals entirely in the billing and collections process. Company officials believe the portal-free platform eases the patient payment experience and alleviates manual tasks in the revenue cycle process.
"Solutions that focus on presenting the right data, at the right time, to the right audience to facilitate a payment is essential for the healthcare industry," said Gary Holdren, founder of Garland Capital Group and former CEO of Huron Consulting. "I consistently hear from healthcare leaders their need for a product like this."