Frontier Capital Announces Significant Growth Equity Investment in Clearwave
We are pleased to announce a significant growth equity investment in Clearwave, a leading provider of digital check-in, insurance eligibility, and patient payments solutions to health systems and physician practices.
Based in Atlanta, Clearwave’s solutions are utilized by an array of healthcare organizations, including hospitals, health systems, over 30 specialties, urgent care, family, and multi-specialty providers to improve operational efficiency.
”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,” continued Lindner.
"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." - Gerard White, Clearwave's CEO
Lindner and Vice President Tim Bechtold will join the Clearwave board. The investment in Clearwave is from Frontier’s $700 million Frontier Fund V, which closed in 2017.