Change Healthcare provides healthcare cost transparency and consumer engagement solutions that help consumers understand and utilize their healthcare benefits. The company serves a national client base of health plans and employers covering all 50 states. Established in 2007 and led by president and CEO Doug Ghertner, Change Healthcare is based in Brentwood, TN. The company closed a $15M financing to support growth. It intends to use the funds to expand sales and marketing efforts and accelerate product development. Its core products are designed to enable consumers to make informed healthcare purchasing decisions. Change Healthcare develops healthcare cost-transparency software, including its Transparency Messenger™ tool, and focuses on improving price visibility for stakeholders. The company completed a second closing of its Series C round, bringing the Series C total to $9.3M. Backers in the latest tranche include BlueCross BlueShield Venture Partners (BCBSVP) and Sandbox Industries, joining Mitsui & Co. Global Investment, Inc., the West Health Investment Fund, LLC, and existing investor Solidus Co. Solidus Co. invested in an initial closing in September 2011. Change Healthcare says it will use the funds to continue enhancing Transparency Messenger™. The company was founded in 2007 and is led by Chairman and CEO Howard McLure. Change:healthcare is a Nashville, Tenn.-based provider of Web-based health information. The company operates two “health 2.0” websites intended to help individuals better navigate the healthcare system. Its sites include FindYourDoc.com, a searchable database of doctors and hospitals, and MedBillManager, a fee-based service that helps individuals and families manage medical bills and insurance statements. The company raised $1 million in a first funding round. The investment firm Solidus, also based in Nashville, provided the cash. There was no formal release; the Nashville Business Journal reported the funding.

Total raised

$25M

Funding rounds

3

Latest round

Series D

Latest activity

Aug 2013