SaaS Capital Provides $4 Million in Growth Funding to ClarisHealth
October 3, 2019
CINCINNATI, SEATTLE, NASHVILLE, October 03, 2019 – SaaS Capital, the leading credit provider to software-as-a-service (SaaS) companies, today announced that it has provided a $4.0 million line of credit to ClarisHealth.
“The partnership with SaaS Capital is the perfect fit for ClarisHealth’s strategic growth plans,” says Jeff McNeese, CEO of ClarisHealth. “Their particular expertise with SaaS businesses adds a lot of value beyond capital, and we are excited to work with them as we continue our investments in developing our comprehensive technology platform and serving our health plan clients.”
ClarisHealth is a leading provider of advanced payment integrity technology for health plans. The company connects payers, providers, and business partners with a single technology platform designed to support transparent communication.
“The ClarisHealth team has clearly found a large source of friction and pain for their health plan customers,” said Todd Gardner, Managing Director of SaaS Capital. “Our support and capital will allow them to build upon their great momentum in the space, and we are excited to be their partner.”
ClarisHealth is the answer to the health plan industry’s siloed solutions and traditional models for identification and overpayment recovery services. The company provides health plans and payers with total visibility into payment integrity operations through its advanced cost containment technology, Pareo®. Pareo® enables health plans to maximize avoidance and recoveries at the most optimized cost for a 10x return on their software investment. Visit www.clarishealth.com to learn more.
About SaaS Capital
SaaS Capital is the leading provider of growth debt designed explicitly for B2B SaaS companies. SaaS Capital’s growth debt is structured to provide a significant source of committed funding, deployment flexibility, and lower overall cost of capital, all while avoiding the loss of control associated with selling equity. SaaS Capital was the first to offer lending alternatives to SaaS businesses based on their future recurring revenue, delivering better outcomes for 60+ SaaS companies. SaaS Capital has offices in Cincinnati and Seattle. Visit www.saas-capital.com to learn more.
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