VirtualHealth, a NYC-based care management platform, today announced it has closed a Series B financing round bringing the total amount raised by the company to more than $25 million. Led by Edison Partners and existing investors, the latest funding provides strategic capital to fuel the company’s rapid growth and product innovations.
One Platform for the Entire Care Team
Founded in 2012, the VirtualHealth HELIOS solution is the first comprehensive care management platform purpose-built to provide intelligent workflows based on a 360° patient view that enables proactive, whole-person care delivery. The intuitive, easy-to-use platform equips care teams with the tools needed to work collaboratively, using smart, configurable algorithms to identify needed interventions and reduce preventable issues.
Other key features of the HELIOS platform include
Multichannel Communication: the HELIOS rules engine automatically triggers outreach from activities occurring in the care management, disease management, and utilization management. The multi-channel communication is stored on the platform for easy retrieval to support reporting and audits. This allows the care team to seamlessly deliver custom content in the form of letters, faxes, secure messaging, and education materials.
Integrated Services: integration with video conferencing, connected devices, and integration of third-party vendors for transportation, nutrition, home maintenance, and financial assistance
Power Outcomes: members can interact with their care team, schedule services, and earn rewards through a dedicated portal. The care team can track interactions and share documents or education materials that can lead to an increase in positive outcomes, reduce ER visits, and readmissions, improve member satisfaction, and lower costs for healthcare organizations.
“Our exponential growth highlights the long-term benefits of focusing on operational fundamentals and responsible governance,” said Adam Sabloff, Founder and CEO. “We are honored that Edison Partners remains a committed capital partner, leading the next phase of growth for VirtualHealth and supporting our mission of optimizing care delivery for millions of patients.”