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Kleer and Membersy
Work Here?
Cloud-based software for dental membership plans
Kleer and Membersy
Work Here?
Cloud-based software for dental membership plans
About Kleer and Membersy
Industries
Healthcare
Company Size
11-50
Company Stage
Acquired
Total Funding
$37.4M
Headquarters
Cupertino, California
Founded
2002
Overview
Kleer offers a cloud-based platform that allows dental practices to create and manage their own membership plans, avoiding traditional insurance systems. The software is free to implement and provides tools for setting subscription prices, fee schedules, and treatment protocols. This service primarily targets dental practices aiming to attract new patients, boost production, and establish recurring revenue. Unlike competitors, Kleer eliminates the need for third-party involvement, ensuring a direct relationship between dentists and patients. The platform has proven effective, as uninsured patients with Kleer coverage generate significantly more production than those without. The goal of Kleer is to simplify dental care by removing the complexities of insurance, making it more transparent and affordable for both dentists and patients.
Simplify's Take
What believers are saying
- The merger expands Kleer's reach to 20,000 dentists across all 50 states.
- Kleer's subscription model increases patient loyalty and reduces dependence on insurance.
- Strategic partnerships enhance Kleer's service offerings and market reach.
What critics are saying
- Integration challenges post-merger with Membersy could disrupt operations if not managed well.
- Dependency on Overjet's AI technology poses risks if Overjet faces technical issues.
- Rapid expansion may strain Kleer's infrastructure and customer support capabilities.
What makes Kleer and Membersy unique
- Kleer offers a cloud-based platform for dental membership plans, bypassing traditional insurance.
- The merger with Membersy creates the largest tech-driven dental membership plan provider.
- Kleer's partnership with Overjet integrates AI for improved dental diagnoses and clinical insights.
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Funding
Total Funding
$37.4M
Below
Industry Average
Funded Over
3 Rounds
Benefits
Health Insurance
401(k) Company Match
Wellness Program
Disability Insurance
Employee Discounts
Hybrid Work Options
Company Equity
Company News
BOSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm with offices in Boston and New York, today announced the formation of Kleer-Membersy (or the “Company”). The new Company was formed through the acquisition and merger of Kleer and Membersy, the nation’s two largest providers of technology-driven dental membership plans.Founded in 2015 and 2017, respectively, Membersy and Kleer have provided dental practices and dental service organizations (DSOs) with vital tools to build and grow successful membership programs, including consultative plan design, an advanced technology platform, plan branding and marketing collateral, regulatory compliance, and robust support for patients and dental office staff. The combined Company will support an aggregate footprint of 20,000 dentists and millions of patients across all 50 states, covering the entire spectrum of care, from solo practices to the largest DSOs in the country.Charlesbank believes Kleer-Membersy will leverage the two industry leaders’ strengths to create significant value for DSOs, dental practices and their patients, as well as to expand access to care for all uninsured and underinsured Americans. The US currently has more than 76 million adults without dental insurance.“We are thrilled to announce the merger of Kleer and Membersy,” said Mayur Desai, Managing Director at Charlesbank. “Both companies have achieved exceptional market share and growth, bringing a new subscription-based care paradigm to the dental care market.”Added Mike Zirngibl, a Principal at Charlesbank, “This model improves patient access to care, while also improving dental practice performance. By bringing these companies together, we fully expect to enhance their ability to serve dental practices and patients nationwide."“It is very exciting to see our mission to improve patient access to care brought to a new level with this merger,” said Dave Monahan, Kleer’s CEO
In January of 2023 Kleer, LLC announced the launch of Kleer Intelligence(TM) (KI), its proprietary PMS integration solution.
Nation's leading in-house dental membership plan provider collaborates with Overjet on dental AI solutionsImproving dental diagnoses for patients by enabling easier access to AI-powered radiograph analysis and clinical insightsBOSTON, July 12, 2023 /PRNewswire/ -- Overjet, the industry leader in dental artificial intelligence solutions, today announced a partnership with Kleer, the nation's premier dental membership platform. Through this collaboration, Kleer customers enjoy access to Overjet's innovative artificial intelligence technology to analyze X-rays and provide clinical insights.Since 2018, Kleer has provided dental practices and DSOs with a unique software solution that enables them to offer subscription-based dental membership plans directly to patients and employers. Practices are fully in control, setting the subscription price, fee schedule, and treatment protocols. The platform helps practices reduce dependence on insurance, automate day-to-day plan management, and increase patient loyalty and engagement to maximize profitability and drive long-term growth."Our strategic partnership program is a critical component of Kleer's mission to liberate dental care," said Dave Monahan, CEO and founder of Kleer. "Through our alliances with leading technology companies like Overjet, our goal is to help dental teams do their jobs better, faster, and more efficiently while improving the quality of care for patients. We're excited to introduce Overjet's dental AI technology to Kleer's network of providers to help dental teams deliver best-in-class clinical care."Overjet's FDA-cleared software analyzes and annotates X-rays in real-time, detecting decay, quantifying bone loss, and drawing attention to other areas of concern."We've long admired Kleer in its efforts for setting new precedents in delivering personalized care directly to patients," said Wardah Inam, CEO and founder of Overjet
While studying for a biology degree, Brad James imagined himself as a healthcare provider, motivated to help others. . Nearly five years into his job at Kleer, he’s realized technology — especially innovations in the healthcare space — can exceed his initial altruistic hopes. “There are just so many ways to make an impact within healthcare, especially if you’re working from a technology standpoint,” James said. “The medical field’s tech is light years behind in so many verticals, especially dental. There’s a really big opportunity for innovation.”
Kleer wins the Dental Townie Choice Award® based on its ease of use, dedication to product innovation, and world-class customer support.
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About Kleer and Membersy
Industries
Healthcare
Company Size
11-50
Company Stage
Acquired
Total Funding
$37.4M
Headquarters
Cupertino, California
Founded
2002
Kleer and Membersy is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today