Durable medical equipment (DME) providers, especially those focused on the home, have received plenty of attention of late.
Payers, investors and other health care strategics have all been refocusing their DME and home medical equipment (HME) strategies to stay ahead of long-term tailwinds, including shifting consumer preferences and America’s aging population.
Now, the technology partners that serve the DME and HME spaces are generating interest as well.
On April 1, Axios reported that Notable Systems closed a $12 million Series B round, led by Harbert Growth Partners and Grotech Ventures.
Notable Systems is a revenue cycle management (RCM) startup focused on the DME industry. The company helps DME providers manage the complex process of getting paid by their payer partners for the equipment they provide to patients.
Its co-founders include Steve Johnson, John Huggins and David Lippke, who serve as CEO, president and CTO, respectively.
As of early April, the Denver-based Notable had more than two dozen customers, up from just a couple of clients 18 months ago, according to Axios, which noted the startup had previously raised $8.8 million.
Some of the services from Notable Systems include order-intake automation, order qualification, billing reconciliation, smart-correspondence routing and payer greenlighting. Enovis, Apria and National Seating & Mobility are among Notable’s clients, according to its website.
The health care venture capital and fundraising outlook for 2025 is cautiously optimistic, with significant nuance across sectors.
Generally, VC funding has stabilized after a steep drop from the highs of 2021 – an outlier year due to the COVID-19 pandemic. While 2022 and 2023 saw a clear cooldown, signs in late 2024 point to a measured fundraising rebound for this year.
Even so, investors have recently been more selective, favoring companies with solid unit economics, proven models and clearer paths to profitability.
