DENVER–(BUSINESS WIRE)–August 11, 2020–
CIBC Innovation Banking is happy to announce a US$5.5 million debt financing for Health Fidelity, Inc. (“Health Fidelity”), a healthcare know-how market chief centered on supporting well being plans and hospital programs efficiently engaged in risk-sharing preparations. The firm will use the debt capital to speed up new product supply to the supplier market and increase market improvement.
Founded in 2011 and headquartered in San Mateo, California, Health Fidelity leverages proprietary pure language processing (NLP) know-how and strong information analytics to course of massive quantities of unstructured medical information in any other case inaccessible for utilized analytical use. The firm’s insights information supplier networks and well being programs inside current operational workflows to enhance their threat adjustment efficiency, whereas supporting income and contributing to improved affected person outcomes.
“The Health Fidelity team has extensive knowledge and experience in the areas of healthcare risk analysis and management,” mentioned Charlie Kelly, Managing Director with CIBC Innovation Banking in Denver. “This collaborative approach to client relationships results in robust platform development and deployment.”
“The CIBC Innovation Banking team invested the time to understand our business, our customers and our opportunity to improve the healthcare industry. Partnering with their team further strengthens our market position,” mentioned Brian McDonald, CFO, Health Fidelity. “Health Fidelity continues to drive significant year over year growth and deliver powerful, NLP-enabled risk adjustment solutions, despite the difficult operating environment created by the COVID-19 crisis. With CIBC Innovation Banking’s innovative and flexible products and considerable expertise, we have added additional financial resources to fully execute on our growth strategy.”
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic recommendation, money administration and funding to North American innovation firms at every stage of their enterprise cycle, from begin as much as IPO and past. With places of work in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the crew has intensive expertise and a powerful, collaborative strategy that extends throughout CIBC’s business banking and capital markets companies within the U.S. and Canada.
About Health Fidelity
Health Fidelity simplifies threat adjustment, providing risk-bearing organizations clear visibility into, and management over, their course of. Through their NLP-powered options and professional advisory providers, they uncover insights that allow higher care plans and extra full income seize. The Lumanent™ suite provides Health Fidelity companions the boldness to pursue and skill to reach risk-sharing preparations throughout MA, ACA, Medicaid, and ACO packages.
Health Fidelity is a registered trademark of Health Fidelity, Inc.
Kathryn Lawler, [email protected], 416-242-1943