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Vendor Notebook: LiveVox nabs $7.1 million in new financing

By Healthcare Finance Staff

Infocrossing, Inc. of Leonia, N.J. has unveiled RA-Expert, a risk adjustment processing system designed to help health plans create, manage and submit Hierarchical Condition Category (HCC) risk scored that drive drive claim reimbursement from the Centers for Medicare & Medicaid Services.

ISI Telemanagement Solutions, Inc., a Schaumburg, Ill.-based provider of cost management solutions for voice, data, wireless and integrated communications, has announced that its Infortel Select version 7.4 telecom billing and reporting product has met the requirements of the HIPAA Academy Audit and Evaluation program for compliance with the HIPAA Security Rule.

Craneware, Inc. of Orlando, Fla. has announced that it will preview the following new products at the 2007 Health Financial Management Association ANI conference June 24-26 in San Diego: Patient Charge Estimator, which allows hospitals to respond to guarantors, patients and clinicians who request charge estimates for inpatient and outpatient procedures; and Pharmacy ChargeLink, which helps hospitals ensure that facility-dosed medications are accurately billed, priced and reimbursed at the optimal level.

LiveVox, a San Francisco-based on-demand voice portal company whose customers include first-party billing, third-party collections and healthcare billing companies, has secured $7.1 million in Series E financing to expand sales channel capacity, accelerate market penetration and enhance product development and customer service operations.

Canopy Financial, a San Francisco-based provider of financial technology solutions for consumer-driven healthcare, has announced that it has expanded its product capabilities to support all healthcare account types, including flexible spending accounts (FSAs), health reimbursement arrangements (HRAs) and voluntary employees’ benefits associations (VEBAs).

Atlanta-based MedAvant Healthcare Solutions has announced the launch of its front-end gateway solution for insurance payers. The package includes pre-receipt fraud and abuse detection, clinical code editing, claim aggregation and real-time research tools. The company also signed an expanded financing agreement with Laurus Master Fund, LTD, providing an additional $4.2 million of availability under its existing agreement.