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.”
