Healthcare technology startups are flourishing and healthcare organizations are adopting new tools, like Xealth’s platform, which offers security and simplicity to providers looking to manage digital health solutions.
The digital health company, founded in 2017 as part of an incubator program at Providence St. Joseph Health, announced last week that it has secured an additional $3 million in its Series A financing, with this round now totaling $14 million.
Atrium Health, Cleveland Clinic and MemorialCare Innovation Fund became the latest investors, joining McKesson Ventures, Novartis, Philips, ResMed, Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network.
With its platform embedded in the EHR, clinicians can work within their charting workflow to prescribe and monitor digital health content, apps, devices and services. Integrations with the health system's existing patient portal enable Xealth to deliver digital care to engaged patients.
"Technology can enable us to incorporate digital health tools into clinical workflows, improving overall patient experience. Delivering the right materials to the patient and having the analytics to know the information was viewed fits nicely with our goal to deliver access anytime, anywhere."
"Patients who are well-informed are generally more engaged in their care, creating deeper partnerships with their providers," said Peter Rasmussen, M.D., Medical Director of Distance Health at Cleveland Clinic. "Technology can enable us to incorporate digital health tools into clinical workflows, improving overall patient experience. Delivering the right materials to the patient and having the analytics to know the information was viewed fits nicely with our goal to deliver access anytime, anywhere."
So far, Xealth works with more than 30 digital health vendors ranging from educational content and transportation to meal delivery and e-commerce product recommendations. In an interview with Geekwire, Xealth CEO Mike McSherry revealed that his decision to raise capital from providers is intentional as the company seeks to cultivate relationships with providers whose clinicians are the platform’s target customers.
