Healthx reports the recent completion of a new credit facility with Silicon Valley Bank. The new capital will be used to refinance existing debt and further promote Healthx’s continuing growth and expansion.

The enormous change in the US healthcare industry has been a boon for digital engagement leader Healthx. Healthx is expanding service offerings, growing the customer base, adding talent through the recent leadership team appointments of Sean Downs, CEO and Thomas Millay, EVP Professional Services, and is positioned for tremendous revenue and profit growth.

“We have the solutions that payers are looking for to help them engage their members and collaborate with their providers. Quality score and bottom line improvements are important to healthcare payers and we have proven we can address these areas, said Kathy Kinder, Healthx president and CFO.

“As the company prepares for its next phase of growth, our goal is to empower the Healthx team to move its business forward quickly with a combination of the right financing, connections, and insights,” said Dennis Grunt, director, Silicon Valley Bank.

Healthx is the premier provider of digital engagement and collaboration solutions for the healthcare payer market.