What is Gentem?
Gentem Health offers a comprehensive medical billing and revenue cycle management (RCM) software solution designed to streamline reimbursement processes for healthcare providers. The platform integrates fully-managed RCM services with automation tools and patient payment solutions, aiming to boost revenue and improve the financial experience for patients. Gentem specifically targets behavioral health practices, TMS practices, EHRs, and digital health companies, leveraging advanced technology and expert support to enhance operational efficiency and financial outcomes.
How much funding has Gentem raised?
Gentem has raised a total of $13.7M across 2 funding rounds:
Unspecified
$3.7M
Series A
$10M
Unspecified (2020): $3.7M with participation from 500 Fintech, Social Starts, Village Global, Susa Ventures, Vulcan Capital Management, Hustle Fund, and Great Oaks VC
Series A (2021): $10M led by Vulcan Inc., Susa Ventures, and Rocketship
Key Investors in Gentem
Susa Ventures
Susa Ventures is an early-stage venture capital firm that invests in seed-stage startups, aiming to help build the next billion-dollar companies. Since its inception in 2013, the firm has partnered with over 100 startups, with 10% achieving unicorn status. Susa Ventures provides capital, community, and talent without taking board seats, believing that founders should retain control of their companies. Their portfolio includes notable companies across various sectors, including fintech, healthcare, and AI.
Rocketship
Rocketship.vc is a global early-stage venture capital firm that is pioneering the use of data in making investment decisions. Rocketship uses machine learning to find and partner with some of the world's most exciting companies in technology, consumer and healthcare. Founded by a world class team of data scientists and entrepreneurs at companies like Amazon, @Walmartlabs and Kosmix, the firm helps founders get to unprecedented scale through a combination of data, ML expertise and deep experience in building companies. Rocketship is based in Silicon Valley with more than 40 investments across India, Southeast Asia, Latin America, Europe and North America.
Social Starts
Social Starts is a venture capital partnership with over $60 million in assets, specializing in moment-of-inception and Series A financing rounds. The firm employs a data-driven approach to identify and invest in promising companies across various sectors, including e-commerce, employment platforms, digital brands, next-generation food, and education. Their current fund, Social Starts Health and Happiness, targets startups that aim to enhance quality of life and longevity. The intended clients are early-stage companies seeking investment to grow and innovate.
What's next for Gentem?
With its recent major strategic investment, Gentem is poised for accelerated growth and market penetration. The company's focus on simplifying RCM for healthcare providers, particularly in specialized sectors like behavioral health, positions it well to capitalize on the increasing demand for efficient and technology-driven healthcare financial solutions. Future developments are likely to involve further platform enhancements, expanded service offerings, and strategic partnerships to broaden its reach within the healthcare ecosystem.
See full Gentem company page
