CareSync provides software and services for chronic disease management, combining technology with 24/7 nursing services to facilitate care coordination among patients, family, caregivers and providers. The company offers turnkey Chronic Care Management (CCM) services and a software-only option that helps practices meet billing requirements for CPT code 99490 and certified technology to meet Meaningful Use 2 for data exchange, messaging and timely access. CareSync’s platform collects, organizes and shares health information to help patients manage care and enable providers to collaborate and complete Medicare CCM requirements. Demand has surged: the user base grew 20-fold in the prior four months and the company reported nearly 100% month-over-month revenue growth in 2015; it now serves more than 100 locations caring for over 300,000 chronically ill Medicare beneficiaries. Direct-to-consumer demand has also risen amid healthcare consumerization, and CMS’s chronic care management program (estimated at $17.25 billion annually) has helped drive adoption. The company plans to use new funding to expand its platform and workforce, including hiring 500 employees over the next 18 months. CareSync is a Tampa, FL-based provider of a patient-centered care coordination platform. The platform combines high-tech and high-touch services, enabling Health Assistants to collect patients' medical records and build a Health Timeline accessible by patients, families, and care teams via web, iPhone, and Android apps. The app includes tools for visit planning, task management, medication adherence, vitals tracking, and syncing with wearable devices. CareSync currently has members in all 50 states and in other countries around the globe. The company plans to use the funds to scale operations, expand its national reach, increase sales and marketing resources, and further develop its care coordination platform. It raised a $4.25M Series A to support these plans.

Total raised

$22M

Funding rounds

2

Latest round

Series B

Latest activity

Oct 2015