Trending...
- Constantine "Costa" Kapothanasis II Acquires The Lubri-Loy Company, Carrying a 77-Year-Old American Lubricant Brand Into Its Next Era
- LS2 Partners with Angels Of Dirt's "Next Chapter Racer" Series Celebrating Women and Girls in Motorsports
- Creole101 Launches Multilingual Dictionary App with 50,000+ Entries, Vocabulary Games and Haitian Cultural Resources
CHARLOTTE, N.C.--(BUSINESS WIRE)--Collateral Velocity, Inc., a fintech that provides certain and immediate low-cost liquidity for healthcare organizations while improving banking relationships, revenues and relevance, announced it has closed an investment round and partnered with PMMC.
Collateral Velocity, in partnership with PMMC, combines the power of advanced revenue cycle solutions with a highly sophisticated healthcare finance platform that provides claims payment certainty to maximize reimbursements and maintain financial stability through these challenging times.
The investment in Collateral Velocity will be used to expand the platform's capabilities to support the healthcare spend associated with managed bundled payment programs and enable hospitals and health systems to better address the financial uncertainties of various reimbursement practices by health plans and employers.
"The collaboration with PMMC accelerates our provider payment funding capabilities as hospitals transition from traditional 'heads in beds' business models and furthers our mission to improve financial outcomes so health care organizations have more resources to devote to patient care," said Chris Langley, chief operating officer of Collateral Velocity.
More on ncarol.com
PMMC, the industry leader in claim payment expectancy to improve financial outcomes, provides software and services that enables better financial performance for more than 450 hospitals and health systems. PMMC's software supports their clients with a 99% calculation accuracy to help them better predict and manage bundled and other claim contract payments.
Robby Shaul, president of PMMC, said the company is collaborating with Collateral Velocity to power the platform to add value to its suite of revenue cycle and contract management offerings that help hospitals and health systems make bundled and managed payments more certain.
"The complexity of health plan contracts adds to the uncertainty and financial challenges," said Shaul. "National payers make approximately 13,000 policy changes a year each, making it more difficult than ever for providers to achieve payment certainty in the payer arena."
Collateral Velocity has designed new financial products based on the processing of public or private medical claims associated with value-based and other payor contracts. The company is working with a Tier 1 bank and one of the nation's largest alternative investment management companies to bring the products to market.
More on ncarol.com
"Providers have a foot in two canoes, with a significant portion of business tied to the old way of getting paid and the rest attached to new, value or bundled payment models," said Shaul. "Fee-for-service success hinges on healthcare CFOs understanding past performance to maximize revenue whereas value-based care requires a more forward-looking, strategic mindset to get paid."
Collateral Velocity is a portfolio company of Carolinas Fintech Ventures, LP (CFV), an early-stage venture capital firm specializing in financial technology.
"Hospitals and health systems are facing significant financial headwinds," said Nat Clarkson, managing partner of CFV. "We're pleased to support talented entrepreneurs that are making worthwhile breakthroughs in financial technology that can help address such pressing problems."
About PMMC
PMMC provides high-value revenue cycle software and services to improve the financial performance of healthcare providers. Our software and expertise focuses on payment accuracy and identifying more revenue opportunities across the revenue cycle. PMMC helps hospitals with contract governance, payer negotiations, price transparency, and value-based reimbursement. Clients see, on average, a 10-to-1 return on investment with software and services. For more information, visit www.pmmconline.com
Collateral Velocity, in partnership with PMMC, combines the power of advanced revenue cycle solutions with a highly sophisticated healthcare finance platform that provides claims payment certainty to maximize reimbursements and maintain financial stability through these challenging times.
The investment in Collateral Velocity will be used to expand the platform's capabilities to support the healthcare spend associated with managed bundled payment programs and enable hospitals and health systems to better address the financial uncertainties of various reimbursement practices by health plans and employers.
"The collaboration with PMMC accelerates our provider payment funding capabilities as hospitals transition from traditional 'heads in beds' business models and furthers our mission to improve financial outcomes so health care organizations have more resources to devote to patient care," said Chris Langley, chief operating officer of Collateral Velocity.
More on ncarol.com
- KeysCaribbean Announces Temporarily Reduced Rates At Village at Hawks Cay Villas
- Commercial Manufacturing Validation Completed as November 10 FDA Milestone Approaches; Critical FDA Milestone Close: NRx Pharmaceuticals NAS DAQ: NRXP
- Electives Launches "Electives for Everyone," Making Live Expert-Led Learning Available to Every Employee
- Tax Tops the List as Wealthy Brits Plan Their Exit, La Vida Survey Finds
- KayeDinero Drops "CyberLeek" Amid GTA VI Headlines, Unveils Asheville "Barksdale" Visual
PMMC, the industry leader in claim payment expectancy to improve financial outcomes, provides software and services that enables better financial performance for more than 450 hospitals and health systems. PMMC's software supports their clients with a 99% calculation accuracy to help them better predict and manage bundled and other claim contract payments.
Robby Shaul, president of PMMC, said the company is collaborating with Collateral Velocity to power the platform to add value to its suite of revenue cycle and contract management offerings that help hospitals and health systems make bundled and managed payments more certain.
"The complexity of health plan contracts adds to the uncertainty and financial challenges," said Shaul. "National payers make approximately 13,000 policy changes a year each, making it more difficult than ever for providers to achieve payment certainty in the payer arena."
Collateral Velocity has designed new financial products based on the processing of public or private medical claims associated with value-based and other payor contracts. The company is working with a Tier 1 bank and one of the nation's largest alternative investment management companies to bring the products to market.
More on ncarol.com
- "The Tree of Cinema" Installation Brought Film History and Its Audiences Together at TIFF 2026
- Household Staffing Named 2026 Agency of the Year by the Association of Premier Nanny Agencies
- Detroit Lawyer Steals $600,000 Settlement Meant to Protect Child
- Missing a Tooth? Chapel Hill's Everbright Dental Explains Implants, Bridges and Dentures
- Heritage at South Brunswick Announces Special Townhome Mortgage Rate Buydown
"Providers have a foot in two canoes, with a significant portion of business tied to the old way of getting paid and the rest attached to new, value or bundled payment models," said Shaul. "Fee-for-service success hinges on healthcare CFOs understanding past performance to maximize revenue whereas value-based care requires a more forward-looking, strategic mindset to get paid."
Collateral Velocity is a portfolio company of Carolinas Fintech Ventures, LP (CFV), an early-stage venture capital firm specializing in financial technology.
"Hospitals and health systems are facing significant financial headwinds," said Nat Clarkson, managing partner of CFV. "We're pleased to support talented entrepreneurs that are making worthwhile breakthroughs in financial technology that can help address such pressing problems."
About PMMC
PMMC provides high-value revenue cycle software and services to improve the financial performance of healthcare providers. Our software and expertise focuses on payment accuracy and identifying more revenue opportunities across the revenue cycle. PMMC helps hospitals with contract governance, payer negotiations, price transparency, and value-based reimbursement. Clients see, on average, a 10-to-1 return on investment with software and services. For more information, visit www.pmmconline.com
Filed Under: Business
0 Comments
Latest on ncarol.com
- Parade of Homes Winners Announced
- ClearSight Therapeutics Receives U.S. Patent Notice of Allowance
- Revinate launches hospitality's first data activation platform
- HLN Consulting Names Lilly Kan as Its First Chief Executive Officer
- BitTitan Accelerates Large-Scale Document Migrations with MigrationWiz
- Clearnetworx Deploys netElastic vBNG, CGNAT And netVision To Power Fiber Expansion Across Colorado's Western Slope
- Creole101 Launches Multilingual Dictionary App with 50,000+ Entries, Vocabulary Games and Haitian Cultural Resources
- Hilton Waikiki Beach Resort & Spa Introduces Level 37 Sky Lounge by Casamigos
- Self-Published Dad's Santa Book Finally Found After 3 Years on Amazon
- Meta Partnership Expanding as Omni One Orders Surge 3X -New Consumer Bundles, Defense Opportunities & AI Robotics: Virtuix Holdings: N A S D A Q: VTIX
- Citizens for West Virginia Election Integrity Urges "FOR" on Amendment 1
- Vegan Kingz Expands Direct-Import Wholesale Lineup to Help Commercial Kitchens Cut Ingredient Costs
- Everything Policy Unveils Their Classroom Resources Behind Every Policy Topic
- Acuvance Survey Finds ERP Integration Remains a Key Challenge as Healthcare Organizations Prepare for AI
- Constantine "Costa" Kapothanasis II Acquires The Lubri-Loy Company, Carrying a 77-Year-Old American Lubricant Brand Into Its Next Era
- LS2 Partners with Angels Of Dirt's "Next Chapter Racer" Series Celebrating Women and Girls in Motorsports
- Danish company biosuite introduces biotech procurement software to track outsourced R&D commitments
- Industrial & systems engineering educator and professional to lead global strategic partnerships for professional society
- LCM Company Explains Professional Upholstery Cleaning in Charlotte, NC
- Convergence of AI, Wearable Technology, Remote Patient Monitoring and Real-World Healthcare: PomDoctor Ltd. (N A S D A Q: POM)