TC3 Health Inc., a Costa Mesa-based healthcare technology company, said Tuesday that it received a $10 million round of funding led by JMI Equity, an investment firm with offices in San Diego and Baltimore.
Ticonderoga Capital of Menlo Park and Wellesley, Mass., also participated in the funding round.
TC3 provides data analysis tools that help health insurance companies manage their claims.
In a release, TC3 Chief Executive Daniel Day indicated the market is large,U.S. health insurers overpay more than $250 billion in medical claims each year.
TC3 was founded in 2000 and plans to use the money to enhance its loss-control technologies and expand its sales force.
As a result of the deal, Paul Barber, a JMI general partner, joined TC3’s board. JMI concentrates on investing in software and business service industries.
