OpenView Venture Partners Invests in Kareo, a Leading SaaS-based Medical Billing Platform

OpenView Venture Partners
announced its investment of $9.5M in Kareo, an Irvine-based SaaS business focused on offering small healthcare providers with an easy-to-use platform for practice management and medical billing. Kareo aims to accommodate a provider’s workflow and help them to get paid faster.

Kareo is just one example of emerging expansion stage companies in the healthcare IT space. Government incentives, relaxation of the Stark Laws, and a focus on compliance/audits have all resulted in a number of healthcare companies growing very quickly.

Kareo focuses on the ambulatory or outpatient segment of the market and the relationship between providers and payers (insurance companies). There are three core constituencies in the healthcare technology ecosystem:

– providers
– payers
– patients

Companies focus on different combinations of these stakeholders — some connecting providers and patients, some connecting payers and patients and so on.

This is only the beginning of the healthcare IT revolution and more venture capital investment in the sector is sure to come!

You might also like ...
At OpenView
SmashFly Raises $22 Million in Series B Funding
OpenView first invested in SmashFly, a recruitment marketing platform, in June 2014. The investment marked our very first in the HCM...
by Ricky Pelletier
At OpenView
OpenView Invests in Scalr, the Cloud Management Platform Leader
Today, we are very excited to welcome Scalr, the leading enterprise cloud management platform, to the OpenView family, after leading...
by Mackey Craven
At OpenView
OpenView Leads Expensify’s $17.5M Series C Financing
We’re very pleased to welcome Expensify to the OpenView family after leading the San Francisco-based company’s $17.5 M Series C...
by Blake Bartlett