Clearwave and Frontier Capital

Mar 25, 2019
News, Press Release 0 Comments

Clearwave is proud to announce a new partnership with Frontier Capital, a Charlotte-based growth equity firm focused exclusively on software and tech-enabled business services.  Frontier’s investment will support Clearwave's next phase of innovation and growth. Clearwave’s long-term vision is to become the leading provider of patient access solutions.

Frontier’s investment is
intended to support Clearwave as it embarks on its next phase of innovation and
growth in seeking to improve the customer experience, further technology
innovation, expand its sales and marketing operations, and extend its talent
base. Clearwave’s long-term vision is to become the leading provider of patient
access solutions including digital check-in payments and real-time insurance eligibility
verification.

“We are excited to partner with Gerard and the team at Clearwave to further their position as an innovator in patient engagement and intelligent patient intake solutions,” Frontier Partner Andrew Lindner said. “The process of checking in at a healthcare provider remains a frustratingly cumbersome and antiquated process which will inevitably change in this era of consumer-focused healthcare. Clearwave is leading the industry in improving the overall patient experience while accelerating payment collection cycles and reducing claims denials. We look forward to working together with Clearwave to make the process of accessing the healthcare system a more streamlined and enjoyable experience.”

“As an early innovator in
digital patient intake solutions, we believe our success is a direct outcome of
our focus being in alignment with our healthcare providers – providing the best
possible patient experience,” said Gerard White, Clearwave’s CEO. “We are at an
exciting inflection point, and are thrilled to work with the well-respected
team at Frontier, who deeply understand our sector and the opportunities in
front of us to expand our offering, evolve the patient experience, and
strengthen our foothold as a leader in the space.”

Lindner and Frontier Vice President
Tim Bechtold will join the Clearwave board of directors. Frontier’s investment
in Clearwave comes from the firm's $700 million Frontier Fund V, which closed
in 2017.

Read the full press release on Globe Newswire, EIN Presswire, and Business Wire.