AssuriCare, a leader in innovation in the long-term care industry, today announced that M33 Growth, a growth-stage investment firm, has made significant investments in the company to help accelerate its efforts to enhance AssuriCare’s long-term care (LTC) SaaS-based platform.
“We have set up an LTCfastpay platform that connects care recipients, providers and insurers and delivers tangible value to all of our clients,” said Michael Gilbert, CEO of AssuriCare. “Our platform was the first SaaS solution to enable applicants, providers and insurers to process payments easily and reliably and to submit verified insurance claims electronically. We have continued to invest and remain on the cutting edge, serving tens of thousands of long-term care recipients and processing hundreds of millions of dollars in provider payments and insurance claims. Right now, there are significant opportunities to expand and deepen our platform to better serve our customers, expand our offerings to benefit more people, and increase our overall value proposition to the long-term care industry. This partnership with M33 Growth will give us access to resources, strategies and partnerships that will enable us to fully deliver on our vision. I am really impressed by the M33 team and their excellent track record helping other companies to accelerate growth. “That’s right.
“The investment strategy of M33 is to align with market leaders,” said Gabe Ling, co-founder and managing director of M33 Growth. “The AssuriCare team has a deep understanding of the long-term care industry and has established itself as a proven innovator, creating and bringing to the market solutions that solve significant problems faced by long-term care recipients, providers and payers today. They are ready to implement an impressive roadmap that includes significant platform upgrades that will bring more value to existing customers, enable more efficient processes for providers and payers, expand their platform to the facility market, and much more. We are excited to partner with them in order to better serve their customers and meet the growing demands of this important market. “That’s right.
According to the National Health Policy Forum, total spending on long-term care is more than $220 billion, or nearly 10% of all US personal health care spending, and is projected to rise to almost $350 billion in 2040. As long-term care needs have grown, so have the complexities associated with evolving care models, multiple types and locations of care providers, regulatory and compliance needs of providers, protection for long-term care workers, and a growing public and private payroll landscape. AssuriCare’s unique LTCfastpay platform and care management services help care recipients more effectively track, manage and pay for care, help providers interact seamlessly with multiple paying sources, and help long-term care payers efficiently process verified, standardized, electronic claims submissions.
About growth of M33
M33 Growth is a venture and growth stage investment firm that partners with founders and CEOs who have successfully pushed their companies into strong growth and are positioned to rapidly expand their companies and break through as market leaders. With deep experience fueling sales and marketing engines, driving acquisitions and building value through data assets, M33 Growth seeks to drive portfolio companies to succeed in their markets. Founded by veterans of renowned investment firms with considerable operational experience, the Boston-based firm seeks to invest in software, healthcare and services companies across North America. Learn more about m33growth Come on,
About AssuricCare
AssuriCare is a market leader in long-term care technology solutions for SaaS. Since 2010, the innovative LTCfastpay platform has revolutionized how people pay for long-term care and how payers and administrators receive, evaluate and process long-term care claims. With over 125 years of experience in long-term care, technology and care management on its leadership team, AssuriCare understands and addresses the issues faced by LTC insurers, providers and recipients of care and provides the ability to communicate, process payments and provide critical information to all constituents. The company is deeply committed to continuing the development of its technology and customer service model in order to deliver the highest value and bring transparency and simplicity to the complex long-term care market. Find out more at http://www Assurance Come on,
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