PatientPoint, a provider of patient and physician engagement solutions at the point of care has raised $140 million in funding from Searchlight Capital Partners and Silver Point Capital. The company plans to use the funding to expand the digital footprint of its point-of-care networks.
PatientPoint programs provide engaging content through a host of delivery channels including digital waiting room screens in physician offices and hospitals and interactive touchscreens in the exam room. Unlike most of its competitors, PatientPoint develops the majority of its content internally, tailoring education to specific specialties to ensure that it meets the unique needs of patients and providers in the point-of-care environment.
From primary care to specialty practices, urgent care clinics to hospitals and mobile, PatientPoint programs reach more than 290,000 healthcare providers across 31,000 physician offices and 1,000 hospitals nationwide, impacting half a billion patient and caregiver visits each year.
“We have invested a significant amount of financial and human capital into product development over the past six months to ensure that our programs are truly best in class,” said Mike Collette, founder and CEO of PatientPoint, who recently returned to lead the company in a statement. “This capital will allow us to expand our digital footprint so that we may continue to deliver market-leading reach in vital specialties for our sponsors and healthcare providers. By 2019, our goal is to provide programs that can impact 60-70 percent of brand prescribing volume in the most strategically important specialties.”