CLEVELAND – MyriadHealth, an internet software and services claims developer, on Monday announced it has raised $1.5 million, with $750,000 coming from the Innovation Ohio Fund, which was tentatively approved by the Development Financing Advisory Council on March 31.
The funding will be used for real-time direct integration of Provider Electronic Medical Records with Practice Management Systems.
“The Innovation Ohio Fund and our angel investor have been very responsive and supportive of MyriadHealth’s mission to revolutionize healthcare through innovative technology,” said Pamela Priddy, President & CEO of MyriadHealth. “The increased funding will afford Myriad the opportunity to move our technology forward, not only on a local level but nationally also. BioEnterprise played a large role and has been a paramount partner; we are appreciative of the guidance and expertise provided by the organization.”
The MyriadHealth system is a web-based, real time claims management platform used by third party administrators (TPAs) and self-administered health plans. The system integrates the claims adjudication process from the point of care through the payment of services. When fully integrated at each end, and under a prompt pay arrangement, the provider can enter data directly to the platform via the web or EDI (Electronic Data Interchange) and payors can allow for real-time payment of validated claims.
MyriadHealth’s platform is unique: it can plug into the claims process regardless of the level of front-end or back-end integration and still deliver value to TPAs and other administrators. The system can be invisible to physicians and payors. It is currently working in a number of real-world healthcare claims environments.
For more information, click on Myriadhealth.Com
a>>
