CirraGroup
Innovator in medical debt settlement technology to resolve billions in bad debt.
| Date | Investors | Amount | Round |
|---|---|---|---|
$500k | Series B | ||
| Total Funding | 000k | ||
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CirraGroup operated in the healthcare financial technology sector, launching in 2010. The company developed a technology platform designed to help healthcare providers and organizations resolve patients' financial obligations.
The core of its business was a medical debt-settlement technology. This platform provided patients with a clear, consolidated view of their outstanding balances from various providers. It functioned as a collaborative tool for both patients and healthcare providers to negotiate and settle medical debts in a secure and dignified manner. The business model centered on providing this cloud-based suite of applications as a cost-effective solution to the growing issue of medical debt.
In a strategic move to enhance its offerings, CirraGroup partnered with Parasail Health in September 2016. This collaboration integrated Parasail's fixed-rate loan services into the CirraGroup platform, allowing qualified patients to be approved for loans to manage their out-of-pocket expenses and pay off outstanding bills with affordable monthly payments. The company had secured $500K in funding and was backed by a strategic investment from the Lafayette General Health Innovation Fund. According to market data, CirraGroup is no longer in business as of June 2018.
Keywords: healthcare fintech, medical debt settlement, patient financial solutions, healthcare financial technology, revenue cycle management, patient billing, medical payments, debt resolution, healthcare loans, patient advocacy, out-of-pocket expenses, financial obligations, Lafayette General Health, Parasail Health, provider-patient collaboration, SaaS, FinTech, healthcare SaaS