Change Healthcare raises another $15M to help you save money on medical bills


Change Healthcare, a Tennessee-based company trying to encourage more consumerism and cost transparency in healthcare has raised a $15 million Series D round of funding.

On Tuesday, the company said its latest round, which brings its total amount raised to $32 million, was led by HLM Venture Partners and new investor Noro-Moseley Partners. It also included existing institutional investors BlueCross BlueShield Venture Partners, Sandbox Industries, Mitsui & Co. Global Investment, Inc., West Health Investment Fund, LLC, and Solidus Co.

Launched in 2007, the company provides employers and health plans with web-based tools for enabling employees and members to cut costs when it comes to the their healthcare expenses. Similar to startups like Castlight Health and ClearCostHealth, it analyzes historical claims data to help patients comparison shop for procedures and services. If you need a knee replacement, for example, it could tell you where to go for the cheapest…

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