SeamlessMD, a digital patient engagement and monitoring platform raised $4 million in a Series A financing round.
The funding round was led by MedTeq+, with participation from Hikma Ventures, Anges Québec, AIoT Health, and health IT entrepreneur Sanjay Malaviya. As part of this round, Robert Ritlop (MedTeq+) and Sanjay Malaviya will join the SeamlessMD board of directors.
Founded in 2012, SeamlessMD has raised $7.4 million to date. The company employs over 25 people with an office in Toronto, Canada.
“This investment enables us to meet growing customer demand, expand our library of digital care plans and further develop our machine learning platform for risk prediction and optimizing patient outcomes,” said Dr. Joshua Liu, MD, Co-Founder & CEO of SeamlessMD.
According to the company, Stanford Health Care, Rush University Medical Center, UAB Health System, Sunnybrook, Trillium, Rush University Medical Center, and other health systems use the platform to engage, monitor, and stay connected with patients throughout a variety of healthcare journeys, including surgery, oncology, and chronic care.
The platform can be integrated with Epic and Cerner and accessible via smartphone app or computer; the platform keeps patients on track from preparation through recovery with reminders, video-based education, progress tracking, and patient reported outcome data collection. Care providers can access real-time dashboards to measure compliance and outcomes, intervene sooner for patients at-risk, and drive quality improvement across the organization.
Dr. Jehangir Appoo, Managing Partner at AIoT Health, added, “Digital Patient Engagement is a wonderful tool to drive improved healthcare outcomes. The beauty of patient engagement tools is two-fold: Firstly, it empowers patients and helps bring healthcare into the digital age. Secondly, by increasing patient adherence, patient engagement tools are able to drastically improve outcomes without requiring a new expensive gadget to be invented.”
Digital Health companies raised $6.3 billion during the first half of 2020. Recently, Twistle, a digital care communication and patient engagement platform provider, announced an investment from Providence Ventures, a venture capital arm of Providence St. Joseph Health, and ChristianaCare, a private, not-for-profit regional health care system.
Image Credit: SeamlessMD