Anagram, Inc. is a technology company.
Anagram, Inc. has raised $9.0M across 1 funding round.
Anagram, Inc. has raised $9.0M in total across 1 funding round.
Anagram, Inc. has raised $9.0M in total across 1 funding round.
Anagram, Inc.'s investors include ManchesterStory Group.
Anagram, Inc. is a technology company that builds a unified insurance billing and patient engagement software platform tailored for ancillary healthcare providers, particularly in optometry and eye care.[1][2][3] It automates vision and medical insurance eligibility checks, claims submission, denials management, payment reconciliation, lab ordering, and instant rebates, enabling providers to streamline administrative tasks, boost revenue from vision plans, and improve patient experiences.[3] Serving over 2,000 eye care providers, Anagram has processed more than $400 million in vision care revenue and helped over 3 million patients, with reported revenue of $15.6 million and $9.4 million in total funding.[2][3]
The platform solves key pain points in eye care practices, such as the 80 hours per month spent on vision insurance admin, out-of-network benefit confusion, and profitability challenges from complex plans, allowing providers to focus on patients rather than billing cycles.[3]
Anagram was founded in 2015 (with some sources noting 2014) in Santa Monica, California, originally under the name Patch before rebranding.[1][2] Headquartered at 1433 6th St, the company emerged to address inefficiencies in healthcare insurance processing, evolving into a specialized platform for ancillary providers like optometrists, ophthalmologists, and opticians.[1][3] Early traction came from its focus on real-time price transparency and streamlined benefit processing, securing $9.4 million across two funding rounds to fuel growth in the fragmented eye care billing space.[1][2] Pivotal moments include scaling to support private-pay businesses and unifying vision plan management, which helped it gain trust among independent practices seeking relief from administrative burdens.[3]
Anagram rides the wave of healthcare fintech digitization, particularly in ancillary services like optometry, where administrative burdens and opaque insurance pricing hinder independent providers amid rising consolidation by large chains.[3] Its timing aligns with post-pandemic demand for efficiency tools, as eye care practices face staffing shortages and complex vision plans that act as profitability barriers.[3] Market forces favoring Anagram include the shift toward value-based care, growth in out-of-network reimbursements, and AI-driven automation in billing—enabling smaller practices to compete.[1][2] By empowering independents, Anagram influences the ecosystem, preserving diversity in eye care delivery and amplifying revenue transparency in a $100B+ U.S. vision market.
Anagram is poised for expansion beyond optometry into broader ancillary healthcare, leveraging its funding and traction to integrate AI for predictive billing and deeper patient tools.[2][3] Trends like tele-optometry, personalized vision plans, and regulatory pushes for transparency will accelerate its growth, potentially doubling provider adoption as practices prioritize profitability over volume. Its influence may evolve from billing specialist to full practice management partner, solidifying its role in making eye care more accessible and sustainable—much like how it transformed Patch into a revenue powerhouse for independents.
Anagram, Inc. has raised $9.0M across 1 funding round. Most recently, it raised $9.0M Series A in August 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2019 | $9.0M Series A | ManchesterStory Group |