Patientco bills investors for $28m

Jul 31, 2018 • Robert Lavine

BlueCross BlueShield Venture Partners returned to invest in the medical billing platform's series B round, six years after co-leading its series A.

US-based medical billing technology developer Patientco has received $28m in series B funding from investors including BlueCross BlueShield Venture Partners, the corporate venturing representative of 33 health insurance providers.

BlueCross BlueShield Venture Partners, which invested in tandem with venture capital firm Sandbox Partners’ Advantage Fund, was joined by Accel-KKR, the partnership between VC firm Accel and investment firm KKR, which led the round.

Patientco has created a smart billing system that enables patients to pay for medical care online or…

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