The Driver: PayZen, a healthcare fintech startup, raised $220 million in a debt and equity financing just one year after raising $15 million in series A funding. PayZen will receive $200 million in a credit facility and $20 million in equity. PayZen brands itself as a get care now, pay later service that enables patients to pay their out-of-pocket medical bills over time with convenience and transparency. This round's $20 million equity constituent was made in part by 7wire V

Our Take: Healthcare providers are in an everlasting quest to increase profit margins and find new sources of funding to ensure financial solvency while providing the highest quality of care possible. Over the last several years, private equity (PE) firms have increasingly been investing in healthcare to help fill the funding gap. Yet this has not been without controversy and to varying effect. While the investment from these firms has helped many deal with the financial stra

The Driver: Oxford Medical Simulation, a UK-based startup, recently raised $2.4 million for its virtual reality (VR) based healthcare training company. Oxford uses VR simulation based on hundreds of AI-controlled patient scenarios for training. The funding round was led by ACF investors and private investor Dr.Nicolaus Henke, the former chairman and former CEO of McKinsey’s global healthcare practice. This additional funding will help to grow and expand their services across

Our Take: The remote patient monitoring (RPM) industry is growing rapidly with significant implications for healthcare as a whole. RPM has been proven to help lower hospital readmission rates, and unnecessary care utilization, and decrease overall costs for a variety of chronic illnesses. As a result, providers are increasingly looking for ways to deploy RPM technologies and take advantage of a number of new reimbursement schemes that have been put into place. While RPM devic