Capital to be Leveraged for Rapid Expansion and Continued Technology Innovation
PHILADELPHIA (March 10, 2020) – Transparent Health Marketplace, Inc. (THM), a transformative healthcare technology platform, today announced the final closing of its Series B Preferred Stock round, providing gross proceeds of approximately $11 million of growth capital funding.
The capital will be used to support the launch of its innovative health marketplace platform that enables efficient interaction between payors and providers and allows patients to quickly access medical services in the workers’ compensation market.
THM has already proven its technology platform with one of the nation’s largest payor organizations. The funding will allow for the expansion of staff while providing a foundation for THM to advance its marketplace platform capabilities.
About Transparent Health Marketplace
Transparent Health Marketplace (THM) operates the first marketplace of its kind to connect payors and providers of workers’ compensation healthcare services in an open platform featuring market-driven pricing. Replacing outmoded network contract models with its innovative new marketplace approach, THM allows providers to name their price and to be paid quickly the exact amount they bid for contracts they are awarded. Combining marketplace dynamics with automated billing, payments and scheduling, THM delivers cost savings for payors, growth opportunities for providers and new efficiencies the entire workers’ compensation industry. For more information, visit https://transparenthealthmarketplace.com or email email@example.com.
Contact: Cassie Dono
The Winders Group
firstname.lastname@example.org | (858) 243-8875