DexCare Closes $50M Sequence B Funding Led by Transformation Capital to Advance Its Digital Care Working System
dexcare 50m series marchschubertgeekwire, SEATTLE–(BUSINESS WIRE)–DexCare, Inc., a data-driven intelligence agency centered on healthcare entry, within the current day launched a $50M Sequence B funding led by Transformation Capital, with participation from all present merchants, Kaiser Permanente, Windfall Ventures, Mass Fundamental Brigham, Define Ventures, Frist Cressey Ventures, and SpringRock Ventures. In decrease than one yr, DexCare has closed two oversubscribed funding rounds totaling $71M to-date.
“Hospitals are shifting to hybrid care and need a single reply to attract new victims and to connect them every practically and in-person with their very personal caregivers,” said Derek Streat, Co-founder and CEO of DexCare. “This funding will help us velocity up platform enchancment and go-to-market progress for our rising number of premier properly being methods equal to Kaiser Permanente, Windfall, Mass Fundamental Brigham, CHS, Houston Methodist and others. Transformation Capital’s digital properly being focus will help us get hold of these targets along with our current line-up of excessive healthcare-focused companions.”
“DexCare brings a whole affected individual entry and consumption platform to properly being methods,” said Todd Cozzens, Co-founder and Managing Confederate at Transformation Capital. “Opponents for victims is a critical scenario in 2022 for hospitals. DexCare’s integration with social media drives entry to new victims, books an instantaneous televisit with specialist care suppliers and secures digital and in-person appointments and follow-up maximizing the properly being system’s private suppliers. Important software program in our new world of hybrid care.”
DexCare is a Platform-as-a-Service (PaaS) for properly being methods that intelligently orchestrates digital demand and properly being system functionality. DexCare has developed an enterprise-grade real-time demand aggregation and appointment reserving platform all through all traces of care. Effectively being methods all through the nation have utilized DexCare to broaden entry to care in further intelligent and data-driven methods by which meet the needs of victims whereas reaching a further balanced and operationally setting pleasant utilization of their property. In 2021, DexCare expanded its platform to power entry all through a variety of capabilities along with:
- Effectively being methods: large, nationwide properly being methods, mid-sized regionals, and tutorial amenities
- Care modalities: video, cellphone, in-person, on-demand, scheduled
- Service traces: same-day care, urgent care, major care, specialty care
The model new funds will possible be used to assist and velocity up DexCare’s improvement with investments in product and experience innovation, purchaser experience, and recruiting world class experience. The funding moreover permits DexCare to meet purchaser demand to broaden into additional new service traces and care modalities.
“We understand the affect of the DexCare reply to broaden entry for digitally-enabled care in a trend that balances and optimizes demand with provider availability. We’re excited to place cash into DexCare as we think about it addresses a pressing and protracted need for properly being methods,” said Liz Rockett, Managing Director, Kaiser Permanente Ventures.
The latest spherical of funding comes amid a COVID-driven ‘good awakening’ that acknowledges the value of consumer-facing properly being utilized sciences in delivering high quality, moderately priced, on-demand care. With DexCare’s experience, the combination of centered digital properly being capabilities and interoperable working methods will unlock very important alternate options to ship targeted, cost-effective, custom-made care that produces optimum outcomes for all occasions involved.
“DexCare was necessary in digitally transforming our ambulatory care model to greater serve the needs of victims and was moreover a key part of Windfall’s digital response to COVID,” said Aaron Martin, Govt Vice President and Chief Digital Officer, Windfall. “We’re excited that the platform incubated by the Digital Innovation Group, and that has added loads value to Windfall over a lot of years, is seeing such an enthusiastic reception from completely different properly being methods. We’re wanting forward to the enhancements the DexCare crew will ship to purchasers due to this latest fundraise.”
DexCare is a Platform-as-a-Service (PaaS) for properly being methods that intelligently orchestrates digital demand and properly being system functionality all through all traces of care. In a fancy and large sea of digital stage choices, DexCare is the working system that makes all of it work. DexCare’s data-driven intelligence engine allocates, flexes and optimizes property to best meet every shopper demand and properly being system enterprise targets—rising the attain of properly being system service traces right into a model new, digital and on-demand shopper space. The platform attracts and caters to high-value customers by providing a fully-digitized, unified experience that routes customers to probably the greatest care decisions whereas leveraging present EMR, caregiver and mannequin investments. Incubated at Windfall, one among many nation’s largest and most revolutionary properly being methods, DexCare has enabled service traces to attract 30% further new victims, seize 5x downstream earnings, generate 22% per affected individual encounter in costs monetary financial savings, and ship an internet promoter satisfaction ranking greater than 90. DexCare purchasers embrace major properly being methods all through the U.S. For further data, go to dexcarehealth.com or adjust to us on LinkedIn.