What You Should Know:
– 100Plus, a Remote Patient Monitoring (RPM) platform for doctors and their patients, announced series seed investments totaling $25M, led by Henry Kravis, George Roberts, and other super angel investors.
– 100Plus is an RPM solution that helps physicians remotely monitor patients and provides data that informs clinical decisions throughout their course of care, which can lead to better outcomes and cost avoidance. 100Plus is the only RPM product to utilize artificial intelligence (AI) and offer an end-to-end solution, including patient outreach, device setup, patient engagement, and automated billing. The company has ramped revenue to $7M in annual recurring revenue since its launch in January of 2020 and is poised to continue to build upon this growth.
– 100Plus will also utilize this round of funding to innovate on its AI solution developed to increase patient engagement. Utilizing short message service (SMS), the platform sends personalized messages to drive patient involvement in the management of their health, including monitoring reminders, follow up on care instructions and feedback on their remote monitoring numbers.
– In addition, the company has inked distribution partnerships with AdvancedMD, DrChrono and athenahealth, leading medical billing and electronic health record providers. These partnerships provide 100Plus with the ability to seamlessly offer the platform to their more than 250,000 medical practitioners with no upfront cost or setup time required.