Miami-based HealthSnap provides a remote patient monitoring and chronic care management platform for chronic diseases such as hypertension, diabetes, and heart failure. The company's platform offers a turnkey solution to healthcare providers by offering pre-configured health tracking devices, clinical and nonclinical patient support, along with alert and risk triaging services. The company's platform also supports AI-based care coordination and includes functions to carry out virtual primary care consultations. Healthsnap's solution also integrates with over 80 electronic health record solutions and offers a patent-pending solution for automated remote patient monitoring-related billing called 'Eligibility Reports'.
The company offers its platform to healthcare providers on a subscription basis, where healthcare providers would utilize the technology, connected devices, and care platform to provide remote patient monitoring services to patients. The company's platform is HIPPA-compliant and HITRUST-certified.
As of February 2024, the company notes that it has three patents for its remote patient monitoring-specific revenue cycle automation, and its platform has the capabilities to integrate itself with more than 80 EHRs.
Key customers and partnerships
The company has enterprise partnerships with healthcare systems including Montefiore Health System, UnityPointHealth, Prisma Health, Mayo Clinic, and Virginia Cardiovascular Specialists.
Funding and financials
In February 2024, the company raised USD 25 million in a Series B funding round led by Sands Capital, along with participation from other venture capital firms. The funds raised were to be used to continue assembling HealthSnap’s national clinical team, accelerate its product roadmap, and begin development of its AI-based population health analytics solution. Post funding Scott Frederick, a Managing Partner at Sands Capital, joined HealthSnap's board of directors.
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