OrthoFi and OrthoBanc Merge to Provide Orthodontic Patient Acquisition and Financial Management

Posted: December 31, 2020
Edited by Orthotown staff

DENVER—OrthoBanc, a provider of orthodontic patient financial management for over 20 years, has been purchased by Accel-KKR, a technology-focused private equity firm. In 2019, Accel-KKR invested in OrthoFi, a software and technology-enabled service platform for the Orthodontic specialty industry. Accel-KKR is combining the strengths of these two companies to enhance the way patients access, afford and pay for quality orthodontic care. The corporate entities will be combined as OrthoFi with David Ternan as its CEO.

The merger of these award-winning technologies and experienced teams will deliver a portfolio of industry-leading patient acquisition software solutions and revenue cycle management services.  

“OrthoFi’s mission has always been to help orthodontic practices 'Start More Smiles' and to simplify their lives. We are thrilled to work with OrthoBanc, and to leverage their legacy of trusted payment solutions and industry-recognized customer service. I am excited and honored to lead this team of talented individuals. Our collective product offerings and our customer-centric cultures are an ideal fit, and will undoubtedly enhance the experience of the customers we serve,” said Dave Ternan, CEO of OrthoFi.

“For 20 years, OrthoBanc has been committed to being a trusted partner for orthodontic practices to manage their patient payments. The new partnership with OrthoFi will leverage their innovations in patient acquisition and insurance management with our experience in payment management and our commitment to customers and their billing parties. This powerful combination will give practices an industry-first set of seamless solutions to help them maximize their success,” added Bill Holt, CEO of OrthoBanc, who will transition to senior executive advisor as part of the merger.
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