CirrusMD is a Denver, CO telemedicine company that lets patients reach a live, licensed physician through a text-based or web app and complete care encounters at their convenience. Its integrated care is delivered 24/7/365 by multi-specialty, board-certified doctors who treat a range of conditions from acute to chronic and specialty areas including behavioral health. The service is offered exclusively through employers and health plans and is available to nearly 10 million users across all 50 states. Led by CEO Andrew Altorfer, the company intends to use new capital to expand solution capabilities, enhance user and provider experiences, increase scalability, and drive innovation for employer and health plan customers. Financially, CirrusMD has raised a total of $46m to date, including the most recent Series C. CirrusMD offers a chat-first virtual care platform that lets health plan members access on-demand dialogue with board-certified physicians in seconds via web or mobile apps. The company partners with health plans to deliver virtual care experiences and recently secured a subcontract to provide care access and delivery to the veteran community through Iron Bow Technologies and the U.S. Department of Veterans Affairs. CirrusMD was founded in 2012 by CEO Andy Altorfer and CMO Blake McKinney, M.D., and is also led by President and COO Scott Johnson. The company plans to use the new funding for product innovation and to support current and future partners. Financially, CirrusMD raised $15M in a Series B, bringing total funding to date to $26M. CirrusMD offers a text-first telemedicine platform for large health systems, integrated delivery networks, and health plans, with a focus on value-based care models. The company enables patients to access local physicians through secure text and video chat. It reports that 1.3 million patients have access to the platform, representing 850% growth over the prior year, and says it provides telemedicine services to over one million covered lives. CirrusMD plans to use recent financing to expand sales and marketing, invest in customer support, and continue innovating its platform and data analytics. The company cites a broader telemedicine market tailwind, noting a report that the market could reach $67 billion by 2021. Founded in 2012 and based in Denver, CirrusMD aims to scale rapidly by delivering value to health systems and payers. CirrusMD operates a HIPAA-compliant telehealth platform that enables secure text messaging, image sharing and telehealth video visits via mobile devices and web browsers. The platform serves over 250,000 consumers, connecting them to a specialized panel of local doctors to reduce emergency room and urgent care visits. The company positions its product to align with value-based and shared-risk payment models rather than legacy fee-for-service telemedicine solutions. Founded in 2012 and based in Denver, Colorado, CirrusMD is actively seeking partnerships with health plans and health systems that are shifting to value-based models. The company raised $1.05M in funding to expand its development and sales teams. CEO Andrew Altorfer has emphasized the need to be included in conversations with health systems and insurers as the industry shifts and consolidation occurs.

Total raised

$43M

Funding rounds

4

Latest round

Series C

Latest activity

Mar 2021