CIBC Innovation Banking Provides Venture Debt for SlicedHealth
CIBC Innovation Banking announced today that it has provided venture debt financing to SlicedHealth, Inc. The company will use the financing to further its investment in the platform and grow its workforce. SlicedHealth raised a Series A lead by Arthur Ventures in July 2024.
“In today’s healthcare environment, many hospitals and provider organizations still rely on manual processes and spreadsheets to model their payor contracts, leaving them at a significant disadvantage,” said Reed Liggin, CEO and co-founder, SlicedHealth. “By working with a forward-thinking bank like CIBC, we are able to further disrupt the industry by investing heavily in advancing our platform and artificial intelligence to bring speed, efficiency and increased ROI to the healthcare industry.”
“The rock-star team at SlicedHealth is working to transform healthcare spend across the United States,” said Andrew Kirk, Managing Director at CIBC Innovation Banking. “We are excited to work with their team as they strive to provide greater healthcare transparency in our communities.”
About CIBC Innovation Banking
CIBC Innovation Banking delivers funding, strategic advice, and cash management to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from start up to IPO and beyond. With offices in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, Durham and Denver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking, private banking, wealth management and capital markets businesses.
About SlicedHealth
SlicedHealth empowers hospitals, health systems, specialty practices and ambulatory surgery centers to uncover hidden underpayments and denials, access real-time data insights, ensure compliance and secure upfront payments. Our Contract Modeling Platform leverages advanced AI to provide the data needed to hold payers accountable, optimize revenue, and improve financial outcomes. With seamless implementation, hands-on support, and expert-managed services, we reduce the operational burden—delivering faster results and a quicker ROI. slicedhealth.com
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