B.well Connected Health, a platform that lets users integrate all their healthcare information to one place, announced Friday it closed on a $16 million Series A round, bringing its total funding raised to more than $27 million. The company says it plans to use this money to grow its teams at its Baltimore headquarters and Austin office.
“Let's face it, healthcare needs a new front-end,” founder and CEO Kristen Valdes told Built In. “With the rise of digital, consumers are now faced with logins and portals and passwords for every doctor, hospital, lab and radiologists. They see all their various employer-sponsored health and wellness programs, which can be seven to 21 different disparate solutions, their insurance payer portals that change on average every two and a half years, and then all the health and wellness applications and digital health solutions that exist in the cloud, which are now over half a million.”
B.well gathers all this healthcare data on one platform, and its technology allows it to be shared between family members, friends and other healthcare providers.
“I have a parent I care-give to who does not live with me who has tremendous health needs. So now I can get alerts in real time on my phone saying, ‘Hey, dad hasn’t filled his medication on time,’” Valdes said. “It really allows for consumers to have that one-stop application to manage all their healthcare. And on the back-end they can then, transparently, through informed consent, choose to share their health information with whomever they choose.”
The goal, Valdes explained, is to make managing one’s health as effortless as ordering an Uber.
“Consumers are no longer willing to tolerate the fragmented and delayed and too-expensive experience that they have in healthcare,” Valdes said. “We’ve been growing very quickly simply because we built a connected health platform that allows all healthcare stakeholders to get to market very quickly with their own digital healthcare strategy.”
Valdes says b.well plans to hire about 40 people in its Austin office, filling front and back-end engineer, architect, and UX and UI design roles.
This funding round was led by UnityPoint Health Ventures with participation from ThedaCare and Well Ventures, a subsidiary of Walgreens Boots Alliance Inc.
