Payer Compass provides healthcare reimbursement technology and price transparency solutions.

Williams, who has more than 25 years of experience in healthcare IT, joins Spectrum Equity's Jeff Haywood, Steve LeSieur and Michael Radonich on the board.

The addition of Matthew Thompson as CFO and Slayton Gorman as CRO will support Payer Compass as it continues to scale. Both Matthew and Slayton bring over 20 years of relevant industry experience.

The investment positions Payer Compass to continue its rapid growth while extending its comprehensive healthcare price transparency product offering.