LaunchPoint is an Itasca, IL-based provider of cloud-based solutions, software, and services for healthcare organizations. It operates two divisions: Discovery Health Partners, which offers payment integrity software and solutions for healthcare payers, and Ajilitee, a healthcare information and analytics consulting business. Led by CEO Terrence Ryan, the company delivers software and services focused on payer payment integrity and analytics. LaunchPoint raised $22.5M in funding from Carrick Capital Partners and plans to deploy the capital toward new product development, expanded sales and marketing, and enhanced client experience across the company and its divisions. Carrick will also place two executives on LaunchPoint’s board as part of the investment. LaunchPoint delivers information-centric enterprise business solutions and services through a software-as-a-service product and consulting practices. The company operates two divisions: Ajilitee, which focuses on agile analytics, business intelligence, cloud enablement and information management, and Discovery Health Partners, which provides intelligent healthcare cost containment solutions including subrogation, coordination of benefits and dependent eligibility verification. Its customers include healthcare payers, provider networks, academic medical centers and self-insured corporations. Founded in 2008 and led by CEO Terrence Ryan, LaunchPoint is based in Rolling Meadows, IL. The company has served 30 customers and employs more than 40 people. Following its recent raise, LaunchPoint plans to use proceeds to increase adoption and continue developing its SaaS solution.

Total raised

$26M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2015