SimpliPhy Receives SC Launch, Inc. Investment
Staff Report From South Carolina CEO
Wednesday, December 12th, 2018
Greenville-based SimpliPhy, Inc. recently received a $200,000 SC Launch, Inc. investment. This is the first investment for the company that was accepted into SCRA’s entrepreneurial program, SC Launch, in early 2017.
SimpliPhy is a cloud-based application that simplifies physician compensation for healthcare organizations and reduces the cost to process physician pay. The product eliminates inefficiencies, prevents overpayment errors and provides modeling tools to ensure compliance. Prior to the SC Launch, Inc. investment the company received two grants from SCRA that helped launch their beta product.
“SCRA has played a key role in bringing an important tool for healthcare providers to market,” said John Holmes, SimpliPhy Managing Partner. “Their investment allowed us to scale to a national level and to begin working with healthcare systems in several states.”
“We began working with the leadership team at SimpliPhy early on and are very proud of their growth,” said Jill Sorensen, SCRA Director of Entrepreneurial Programs and Executive Director of SC Launch, Inc. “The company has developed a great product and secured a customer base that is rapidly growing.”