Rivet is a modern healthcare revenue cycle management software dedicated to implementing transparency throughout the healthcare revenue cycle.

Rivet provides an elegant, modern software platform to centralize and automate healthcare transactions.

Rivet was founded in 2018 by Ted Ferrin and Paul Draper. The company is headquartered in Salt Lake City, Utah.


Rivet offers tools for Estimates, Underpayments and Denials, giving patients transparency around the cost of care and providers the ability to hold payers accountable to their contracts.


Rivet's unique estimate system provides patients with a fast and accurate estimate of their healthcare costs before services are rendered, complete with automated insights into health insurance coverage and deductibles.


Rivet currently operates largely in outpatient facilities, but it aims to elevate the healthcare billing experience across all settings, regardless of size or specialty.


Rivet is backed by Menlo Ventures, Lux Capital, Catalyst Investors, Pelion Venture Partners, Ankona Capital, and others. The company raised $20.5M in a Series B round on Jun 20, 2022. This brings Rivet's total funding to $28.8M to date.



  • Year founded: 2018
  • Funding Info: $28.8M over 3 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Salt Lake City
  • State: Utah
  • Country: United States
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