HealthCrowd, a doctor-patient communication platform, completed a $7.2 million Series A financing with a cumulative financing of nearly $100 million.

Recently, HealthCrowd, headquartered in California, USA, announced the completion of a $7.2 million Series A financing. This round of financing was jointly invested by TVC Capital, Startup Capital Ventures, and Healthy Ventures.

Founded in 2011 by Clive Wu and Neng Bing Doh, HealthCrowd is positioned as a doctor-patient communication platform to help healthcare organizations communicate with patients through multiple platforms to provide patient-patient communication models for patient participation.

Specifically, HealthCrowd automatically sends text messages, phone calls, chats, emails, and other means of communication to cover a large number of patients. It is worth noting that the company's platform analyzes patients' responses to various communication modalities to better understand the types of communication that are most effective for that particular patient, thereby improving health behavior. Users can also tweak the system to better meet the messaging needs of the organization.

HealthCrowd's business model is to help payers establish communication with patients to get paid, including health insurance and business insurance, but HealthCrowd does not currently disclose the name of the specific customer.

“We are proud to build a strong and sustainable business,” said Neng Bing Doh, CEO and co-founder of HealthCrowd. “However, in order to keep up with the organic growth in demand for our solutions, we decided to work with TVC Capital to accelerate our ability to change the country's healthcare communications to keep pace with other industries. TVC Capital will enable us to maintain Investment in key areas of technology and market leadership."

In a statement, TVC Capital's partner, Mykel Sprinkles, said he was impressed with the company's "ambitious" use of machine learning and its customers' high satisfaction.

“Health care is a big market, but its complexity and nuances can make it difficult for companies to succeed,” TVC Capital partner Mykel Sprinkles said in a statement. “Strong product market alignment is critical, and HealthCrowd understands how to bring products to market in this complex ecosystem. The company has done a lot of work in assessing and meeting current market needs, while laying the groundwork for exceeding future customer expectations. basis."

Earlier, HealthCrowd raised $2.1 million at the end of 2015 to expand its business, and with this financing, HealthCrowd has raised nearly $100 million in financing.

At present, there are projects similar to HealthCrowd in China, but there is still a certain gap in both financing scale and market expansion. Through continuous patient communication, patients can maintain medication adherence and a good behavioral health model, which helps to reduce overall medical costs, which is the key to medical insurance and commercial insurance willing to pay.

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