We’re proud to announce our $20 million investment in Tendo, a leading HealthTech software company transforming healthcare access and quality. This funding will support Tendo’s expansion, enabling the company to enhance its technology, scale operations, and further its impact on health systems and employer-sponsored healthcare.
“Tendo is at the forefront of two critical vectors in healthcare—quality of care and self-funded employer healthcare,” said Chris Angelatos, Vice President at Vistara Growth. “Health systems are facing mounting financial pressures and evolving payment structures. Tendo’s technology addresses these challenges head-on, helping hospitals improve quality ratings and financial performance while delivering a transparent, shoppable healthcare experience for patients, providers, and employers.”
Tendo’s software platform powers two key solutions: Tendo Insights and Tendo Marketplace. Tendo Insights enables health systems to drive accurate and complete patient information capture, improving care outcomes and quality rankings across national rating systems, including CMS, U.S. News & World Report, and Leapfrog. Tendo Marketplace (Care Connect & MDsave) connects hospitals, providers, and employers to facilitate shoppable, bundled healthcare procedures with transparent pricing and quality—improving access, affordability.
“We’re committed to working with providers, employers, and patients to advance care quality and streamlining access,” said Dan Goldsmith, CEO of Tendo. “Vistara is a great partner with whom we are excited to work with in our efforts to deliver impactful solutions across the healthcare landscape.”
With this funding, Tendo will accelerate its go-to-market strategy, expand partnerships with health navigators and employer benefit platforms, and further enhance its technology.
About Tendo
Tendo, a software company recognized as one of Forbes America’s Best Startup Employers for 2024, is reimagining what is possible in healthcare.
Founded by siblings Dan Goldsmith and Jennifer Goldsmith, the company works with leading health systems to deliver exceptional patient experiences, better clinical outcomes, and greater efficiency for patients, clinicians, and caregivers. Tendo’s solutions bring continuity to healthcare’s complex and disconnected landscape and insights to improve quality, health, and financial outcomes. With the recent acquisition of MDsave, Tendo is now able to offer patients a comprehensive platform to easily search, schedule, pay for, and manage healthcare services with transparent pricing. Learn more at tendo.com and mdsave.com.
About Vistara Growth
Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in. For more information, visit vistaragrowth.com
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