Funding

CareSync Raises $18M in Series B round

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What does CareSync do?

CareSync, is the leading provider of software and service for chronic disease management. It combines technology with round the clock nursing services for facilitating care coordination among patients, caregivers, family and all the providers. The company provides Chronic Management services and software only option, which allows practices of any size in easily meeting the billing requirements for CPT code 99490. The company’s certified technology makes it simple for the providers in meeting Meaningful Use 2 for messaging, data exchange and timely access. The company’s patients are the centre of their healthcare, with access to actionable goals, health info and comprehensive care plan tasks, as a result these patients are experiencing more productive medical appointment and better health outcomes.

How much CareSync was funded?

CareSync raised $18M in Series B funding on October 7, 2015 from CDH Solutions, Travis Bond, Clearwell Group, Harbert Venture Partners, Tullis Health Investors, Merck Global Health Innovation Fund and Greycroft Partners.

Previous funding

  • $4.25M on October 21, 2014 in Series A from CDH Solutions, Clearwell Group, Tullis Health Investors and Travis Bond
  • $750k on February 13, 2015 in undisclosed round

What is next for CareSync?

CareSync will use the funding for expanding in order to meet demand for its services enables tech platform, strengthening its lead position in the emerging patient centred care coordination market. With the investment, the company is excited to embark on CareSync’s next initiative of growth as the company is continuing to arm providers and patients with personalized data they require for better outcomes and lower costs. The company will also expand its workforce and continue to advance its best in class technology. The company has plans to hire additional 500 employees over the next 18 months.

 

More about CareSync

CareSync was founded on October 1st, 2011 by Travis Bond. It has its headquarters in Wesley Chapel, FL. The company’s mission is to simplify healthcare experience for all those are involved.

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