What is Health iPASS?
Founded in 2013 and headquartered in Oak Brook, Illinois, Health iPASS provides a comprehensive digital platform designed to modernize the patient revenue cycle. The company specializes in digital check-in solutions and automated payment processing, which are critical for healthcare providers aiming to improve operational efficiency. By facilitating price transparency and streamlining the collection of co-pays, deductibles, and residual balances, Health iPASS effectively reduces bad debt and enhances the financial health of medical practices. Their technology serves as a vital bridge between providers and patients, ensuring that financial interactions are as seamless as the clinical care provided.
How much funding has Health iPASS raised?
Health iPASS has raised a total of $11.3M across 2 funding rounds:
Private Equity
$1.1M
Series A
$10.2M
Private Equity (2015): $1.1M, investors not publicly disclosed
Series A (2018): $10.2M led by Waterline Ventures, OCA Ventures, FCA Venture Partners, Healthy Ventures, HealthX Ventures, and QED Investors
Key Investors in Health iPASS
Waterline Ventures
Waterline Ventures is an investment firm focused on early growth technology and service-enabled technology companies within the healthcare sector.
OCA Ventures
OCA Ventures is dedicated to assisting entrepreneurs in the development of successful companies by providing support and resources to help startups thrive.
FCA Venture Partners
FCA Venture Partners focuses on supporting start-up and early-stage companies through an incubator model that emphasizes mentorship and sound business principles.
What's next for Health iPASS?
Looking ahead, the capital injection will likely be deployed to deepen the company's integration capabilities and broaden its reach across diverse healthcare delivery systems. As the industry shifts toward greater price transparency and consumer-centric financial models, Health iPASS is poised to capitalize on these regulatory and market-driven tailwinds. The focus will remain on scaling its enterprise-grade platform to meet the increasing demand for automated, transparent, and efficient patient payment solutions, ultimately solidifying its role as a cornerstone of modern healthcare administrative infrastructure.
See full Health iPASS company page
