Anagram announces $9.1 million in Series A led by ManchesterStory
Santa Monica-based healthcare startup Anagram has announced a $9.1 million Series A round led by ManchesterStory, with participation from Synchrony, Waterline Ventures, Rogue Venture Partners, Launchpad Digital Health, KEC Ventures, and Healthy Ventures. This latest round brings the company’s total funding to $14.9 million.
Established in 2014 as Patch, the company has since rebranded and is now a team of 96. It provides real-time price transparency and streamlined insurance benefit processing for the purchase of healthcare services. Anagram’s SaaS allows doctors to check what patients are eligible for, let them know what they owe, and transact instantly, all without having to call insurance companies or submit paper claims.
“Our new name Anagram was inspired by the notion of rearranging and shaking up the way healthcare is delivered. Our healthcare system has many of the right pieces. We have excellent technologies, smart and passionate professionals, and the innate drive to help others. The problem is, the current system is not really set up for success. Improving processes, increasing transparency, and lowering administrative costs are necessary to cause a shift in the way we interact with our healthcare. With Patch, insurance paperwork is in the rearview mirror. And as Anagram we’ll continue transforming how healthcare is delivered.” – CEO and founder Jeremy Bluvol.