SwervePay, a Chicago-based company that lets patients pay medical bills through texts, has raised $10 million in funding.
He said providers using SwervePay typically see an increase of 20 to 30 percent in the rate of paid bills. The app integrates with patient records before, during and after a visit — so a patient can see how much they should expect to pay out of pocket, see a clear amount they owe and pay via text. Adams said the funding will help the company continue to build its technology and add to its Deerfield-based team of 15. Other investors in the round included KGC Capital’s Chris Capps and Dick Kiphart, among others.