Simplee

Company Overview

Snapshot

Founded in November 2010 by Tomer Shoval, Roberto Rabinovich, and Tom Tsarfati, Simplee operated with 11–50 employees. The company raised a total of $37.8 million across 4 funding rounds from 11 investors. Simplee was acquired by Flywire in February 2020.

Business overview

Simplee, operating as Simplificare Inc, developed financial engagement software designed to streamline healthcare billing and payments. Its core technology unifies hospital and physician estimates, statements, payments, and credit processes. The company aimed to enhance patient satisfaction, improve payment success rates, and reduce costs for health systems and community hospitals, primarily serving the healthcare sector in the United States.

Strategic signal

In February 2020, Simplee was acquired by Flywire, signaling a strategic consolidation within the healthcare payments landscape. This acquisition indicates a move towards integrating Simplee's financial engagement solutions into a broader platform, aiming to transform the healthcare payments experience for both providers and patients.

Company Intelligence Q&A

What was a significant corporate milestone for Simplee?

Simplee was acquired by Flywire in February 2020, leading to its inactive status.

When was Simplee founded and by whom?

Simplee was founded in November 2010 by co-founders Tomer Shoval, Roberto Rabinovich, and Tom Tsarfati.

What was Simplee's total capital raised?

Simplee raised a total of $37.8 million across 4 funding rounds prior to its acquisition.

Which investors participated in Simplee's May 2016 funding round?

In May 2016, Simplee received investment from Heritage Group and Social Capital.

What was the focus of Simplee's technology?

Simplee developed financial engagement software that unifies hospital and physician estimates, statements, payments, and credit to improve the patient billing experience.