Trending...
- Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community - 165
- KT Medical Staffing Addresses the Questions Families Forget to Ask Before Bringing Private Nursing Care Home
- KeysCaribbean Resorts Offer Savings On Vacations Through Aug. 31, Preview Exceptional Select Fall Rates of Less Than $200/Night
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
- BlazeHive's AI SEO Agent Outranks Human Writers on 500+ Google Top-3 Results in 5 Months, on Autopilot
- Priority Property Group Becomes Preferred Property Management Partner for Charlotte Investors
- Inlow Upholstery Expands RV and Camper Upholstery Services in Western North Carolina
- Phinge Exposes Massive AI Security Flaws, Claiming Its Patented Hardware-Verified Architecture Is The Only Safeguard Against Surveillance Capitalism
- Phinge & CEO Robert DeMaio Publicly Declare Cash Settlements or Judgments Alone Cannot & Will Not Remedy the Deep Public Harm of Infringing Its IP
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
- Dana Flanagan Expands the Authority Architect, Bringing a Nontraditional Approach to Executive Authority, Strategic Access and Business Growth
- Phinge's Netverse: Reclaiming the Digital Frontier For Everyone Through CEO Robert DeMaio's Vision of a True App-less, User Data Sovereign World
- DuraFast Label Company Launches Seiko SLP850 2" Thermal Printer with Free Label Promotion
- Scientific Figure Releases Free Layout Template Libraries for Graphical Abstracts and Research Posters
- Permian Museum announces the addition of an Ancient Alien Artifacts photo gallery
"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
- Five Years of Scattering Joy: Gioia dell'Amore Cellars Celebrates Five Years of Wine, Love & a Drea
- Move in this Fall! New Released Quick Move-In Townhomes at Heritage at South Brunswick with Limited-Time Incentives
- Crossroads4Hope Marks 25 Years Ensuring No One Faces Cancer Alone At its Inspiring Hope Gala
- Q1 2026 Arizona Technology Industry Impact Report Recaps Advanced Manufacturing Growth, High-Value Jobs and Workforce Investment
- Former Prosecutor Opens Stegall Law in Summerville
- Vboost Celebrates 14 years of Automotive Viral Marketing
- EXETR Exteriors Unveils XOS — Proprietary Roofing Project Management Platform
- Ignazio Arces Wins Stevie® Award for Maverick of the Year at the 2026 International Business Awards
- New from Regal House, The Great Awakening: dark comic vision of a split nation veering off the rails
- Tickeron Highlights AI Trading Agent Performance Across Multiple Market Sectors
- Stop Bleeding Cash on Mediocre Talent. Build a Powerhouse Remote Team Instead
- Crownlight Strategies® Announces Federal Trademark Registration
- New Book Calls 'Sense of Belonging' the Missing Link in Student Success
- Igbozue Connecticut USA Celebrates 2026 Summer Family Picnic
- KT Medical Staffing Addresses the Questions Families Forget to Ask Before Bringing Private Nursing Care Home
- Private Autopsies Give Arizona Families Answers After Nursing Home and Care Facility Deaths
- OPUS Global Data Solutions Launches Food Trader Plus, Bringing Operational Control and Deal-Level Profit Visibility to Food Brokers
- Phinge CEO DeMaio Unveils Speech to Congress: User Data Sovereignty vs Tech Surveillance Capitalism, Asserting Foundational 2021 App-Less Patents & IP
- Michael Maertens Hired as Century Fasteners Corp. – Chief Financial Officer
- Beneath the Cloudline Explores Hope After Collapse in a New YA Science-Fantasy Novel