| How they describe themselves: Canopy Financial provides innovative technology solutions that power the
Consumer Directed Healthcare (CDH) programs of some of the world’s largest healthcare and financial institutions.
Ranked #12 on the 2009 Inc. 500 list, Canopy powers millions of HSAs, HRAs and FSAs—enabling millions of consumers to take greater control of their healthcare dollars, providing price transparency for routine medical
services, and increasing the speed in which healthcare providers are paid.
What they think makes them better: Canopy’s leading-edge Mobile CDH Application is the first and only offering of its kind in the marketplace. With millions of consumers currently using high deductible health plans
(HDHPs) and health-related spending accounts, the Mobile CDH Application for Apple iPhone and iPod Touch
allows consumers real-time access to information on which medical procedures are eligible for payment using
tax-advantaged CDH spending accounts and the customary cost of those procedures in a local market. The
Mobile CDH Application revolutionizes the healthcare industry by making healthcare and its associated costs
significantly more transparent.
Executives: Vik Kashyap (CEO and Founder), Jeremy Blackburn (President), Tony Banas (CTO)
Investors: Spectrum Equity, Foundation Capital
Customers: Blue Cross Blue Shield Michigan, Blue Healthcare Bank, Cigna, Coventry, United Healthcare; Comerica Bank, Fifth Third Bank, Sovereign Bancorp, Wachovia
Contacts:
Sales: Laura Podraza, Director, Sales, lpodraza@canopyfi.com, 312-288-0776
Press: Mark Hall, VP Marketing, mhall@canopyfi.com, 609-477-3475 |
