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Switchboard Health Secures $6.5M to Streamline Specialty Care Access

by Fred Pennic 05/13/2024 Leave a Comment

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Switchboard Health Secures $6.5M to Streamline Specialty Care Access

What You Should Know: 

– Switchboard Health, a company transforming specialty care access, has secured $6.5M in Series Seed funding led by First Trust Capital Partners. The investment will fuel the development of their software platform and expand partnerships with health plans and value-based care providers.

– Switchboard’s software boasts a powerful provider matching engine. This tool considers factors like location, insurance coverage, cost, quality, and more to find the most suitable specialists for patients. Additionally, the platform integrates with evidence-based virtual care models, offering patients flexible and convenient options.

Modernizing Specialty Care

Switchboard Health tackles a crucial challenge in healthcare: navigating the complex world of specialty care. Their solution combines a state-of-the-art software platform and a clinically integrated network.

Benefits for Health Plans

  • Seamless Care Options: Health plans using Switchboard can offer members a convenient and modern way to access specialists.
  • Improved Member Satisfaction: With a single platform for referrals, Switchboard helps streamline the process and improve patient experience.
  • Reduced Costs: By managing specialty care referrals efficiently, Switchboard helps health plans control costs.
  • Faster Access to Care: Switchboard’s network ensures members receive timely care from qualified specialists.

Benefits for Value-Based Care Providers

  • Reduced Administrative Burden: Switchboard simplifies network management for value-based care providers, freeing up time and resources.
  • Cost Savings: The platform helps identify cost-effective care options, aligning with value-based care principles.
  • Improved Patient Outcomes: Effective referral management can lead to better patient outcomes and satisfaction.

“This investment accelerates our mission to improve specialty care access, affordability, and patient experience,” says Derek Baird, Co-founder and CEO of Switchboard Health. “Our team is heartened by our investor support and excited to put this capital into the development of our tech-enabled care network and the success of our growing client base.”

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