HealthSnap, a Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) solution providerd, headquartered in Miami, has successfully secured $25 million in Series B funding.
Led by Sands Capital, the financial milestone is set to boost HealthSnap's AI-driven health care solutions, marking a pivotal advancement in chronic care management.
HealthSnap's recent financial injection, totaling $25 million from Sands Capital alongside Comcast Ventures, Acronym Venture Capital, and others, enhance the health tech sector's confidence in innovative, patient-centric solutions.
With this new funding, HealthSnap's total capital rises to $48.5 million, fueling its mission to revolutionize chronic condition management with advanced technology.
Scott Frederick, Managing Partner at Sands Capital, lauded HealthSnap's rapid evolution for those with chronic conditions.
"Over the last 18 months, HealthSnap has grown as quickly and efficiently as any company we've seen in years... We are proud to lead this round of funding," Frederick stated, highlighting the investment's role in expanding HealthSnap's clinical team and accelerating its AI-powered health and analytics platform development.
With a more than 300% increase in patient programs over the past year, HealthSnap validates its effectiveness in improving clinical outcomes for various chronic conditions, such as hypertension and diabetes.
This was possible through strategic partnerships with healthcare leaders like UnityPoint Health and Prisma Health.
"HealthSnap is leveraging emerging technologies to deliver accessible and personalized health solutions," Ryan Lee, Principal at Comcast Ventures, commented on the role of AI in enhancing care at home.
Furthermore, HealthSnap's approach transitions chronic care from a reactive, episodic, clinic-based model to a proactive, continuous, home-based one.
The shift makes notable improvements in patient outcomes, as highlighted by Samson Magid, Co-Founder & CEO of HealthSnap:
"Nearly half of the United States population is living with a chronic condition... Our team is focused on a common goal to shift the paradigm of chronic condition management and improve the lives of patients every day."
Conclusion
HealthSnap recent AI integration into chronic care management, offering a beacon of hope for millions living with chronic conditions.
Its latest Series B funding is set to further solidify its position in the market, promising more personalized and effective healthcare solutions.
With a focus on improving patient outcomes and expanding access to care, HealthSnap is reshaping the future of healthcare, one innovative solution at a time.
