Tonic by Luma

Founded in 2010 and based in Murray, UT, US, Tonic Solutions, LLC, previously known as R1 develops a patient data collection and payments platform that enhances the healthcare revenue cycle, providing efficient solutions for patient engagement and financial operations through innovative technology. Tonic Solutions, LLC specializes in patient data management. Tonic Health offers a comprehensive patient data collection and payments platform, enhancing the revenue cycle from pre-registration to payment. Key features include mobile patient intake, contactless check-in, and automated management of surveys and consent forms, allowing healthcare providers to efficiently collect data and payments through multiple channels. The platform is tailored for large enterprise health systems in the US, aiming to streamline patient intake and improve financial outcomes. Tonic Health generates revenue via a subscription-based model, where healthcare providers pay for access to services such as patient intake management and eConsent solutions. This model fosters direct relationships with healthcare organizations, facilitating efficient data collection and payment processes while ensuring compliance with HIPAA and 21 CFR 11 regulations., a portfolio company US Venture Partners, FTV Capital, Azure Capital Partners, Cisco Investments, PeakSpan Capital, Alumni Ventures Group, Texas Medical Center Ventures, InHealth Ventures acquired Tonic Solutions, LLC from R1 RCM, Inc. for an undisclosed amount.?

1. Series A

   Feb 26, 2014

   Amount

   $2.5M

   Investors

   Locked