b.well Connected Health secures $ 32 million to accelerate digital healthcare transformation
The funding will be used to increase market penetration and advance product innovations that help customers achieve their digital transformation goals and increase the visibility of the populations they manage. The funding cycle follows a year of strong growth in 2020-21, which saw activity increase by 2 times as more organizations implemented the b.well platform to connect with their patients, their employees and their communities.
The capital increase was carried out by HLM Venture Partners (HLM), and Steven tolle, General Partner at HLM, has joined the board of directors of b.well. Existing investors ThedaCare, UnityPoint Health Ventures, and Well Ventures, a subsidiary of Walgreens Boots Alliance, Inc.– also joined the tour.
“Our digital transformation platform helps healthcare organizations and self-insured employers deliver an unparalleled and personalized healthcare journey to their patients, members and employees,” said Kristen valdes, CEO and founder of b.well. “Consumers have become accustomed to technology that makes banking, travel and shopping easier and more convenient. Now more than ever, they demand the same convenience when it comes to managing their health and that of their loved ones. We thank our investors for their strong support of our vision of creating simple, connected and personalized healthcare pathways. ”
B.well customers use the company’s digital transformation platform to give their patients, health plan members and employees the most informed and easiest way to access care and improve their health. This in turn helps organizations manage their population health initiatives, including Medicare Advantage risk-based contracts, direct contracts, and accountable care organizations. For best results, customers can deploy incentive programs through the b.well app without the need for expensive care management programs.
End users access b.well on their phone or PC to access all of their health data from virtually any source (vendors, insurers, labs, pharmacies, wearable devices, devices and apps) and to receive truly personalized and proactive health advice, as well as navigation for in-person or virtual care.
“In the wake of the pandemic and the rise of virtual health, every healthcare system in the country is expected to rethink how it engages with its community and patients, especially in competitive markets,” said Tolle . “HLM is seeking investments like b.well that have a proven track record of early adoption and strong leadership. They have already reached significant scale with adoption by several branded health systems as well as large auto employers. -insured, and the business is led by an impressive team of industry veterans, and is poised for substantial growth over the coming year. “
About b.well Connected Health
b.well Connected Health is a healthcare technology company that provides platform services comprised of five core capabilities that work together to enable healthcare systems, payers and employers with a configurable and personalized digital healthcare experience. for their populations. B.well technology platform transforms the way consumers interact with the healthcare system by integrating data, information and partners into a single personalized solution that helps people take control of their healthcare experience . Visit www.icanbwell.com for more information.
About HLM Venture Partners
HLM Venture Partners (HLM) is a leading investment fund specializing in emerging start-ups aimed at shaping the data-driven world of healthcare innovations and creating cutting-edge healthcare technologies. HLM has provided more than $ 500 million in Behavioral Health, Telehealth, Precision Medicine, Consumer Engagement, Digital Health Solutions, Health Informatics and Integrated Delivery Systems funding – and has been awarded with more than $ 670 million in returns. By bringing together investors and entrepreneurs, HLM defends the power of ideas and mobilizes capital to help a new generation of creators build a new generation of healthcare.
SOURCE Connected health b.well