Aver, a Columbus, Ohio-based bundled payment start-up, reported $13.6 million in Series B funding to expand its reimbursement management platform.
Founded in 2010, Aver provides a suit of revenue cycle solutions to help providers transition from fee-for-service to value-based reimbursement methods.
The Series B funding was led by Heritage Group with financial participation from Cardinal Health, GE Ventures, Hearst Health Ventures and affiliates of NCT Ventures and StartUp Health.
"We are excited to partner with Aver at this critical inflection point in its growth," said Heritage Group managing director Rock Morphis. "As healthcare shifts into value-based care, payers, providers and employers will continue to look for ways to better align cost and quality in care delivery."
As part of the agreement to lead Aver's funding, Mr. Morphis will join Aver's board of directors.
"We are very excited to have our Series B funding led by Heritage Group and to have the continuing support of existing investors, GE Ventures and StartUp Health," said Aver President and CEO Nick Augustinos.