Prevounce Health wraps up $7m Series A funding for remote care expansion

Prevounce Health wraps up $7m Series A funding for remote care expansion

Prevounce Health, a pioneering entity in the realm of remote care management software, tools, and services, has made headlines with its recent announcement.

The company declared a close on an additional $2.5m for its Series A fundraising. The significant contribution was headed by Cloud Hill Partners and Michael Hammond, the earlier co-founder of both Hammond Hanlon Camp LLC and H2C Securities. Some returning backers also joined in. With this, the total capital garnered in the Series A round reaches an impressive $7m.

Offering a robust cloud-operated remote care management platform, Prevounce stands out with its exclusive cellularly connected devices for patients and unparalleled managed services. These provisions ensure top-tier remote patient monitoring (RPM), chronic care management (CCM), and wellness programmes. Various stakeholders in the health domain, like health systems, practice setups, and payor clients, gain enormously from Prevounce’s in-depth understanding of healthcare compliance and operations, not to mention its comprehensive device dispatch and logistics backup. Tailoring solutions that might combine software, devices, care services, and logistics, Prevounce meets specific client and patient objectives.

The newly acquired funds are earmarked for the enhancement of its product and service suite. Additionally, Prevounce aims to expand its team to cater to the spiralling market demand.

Since its inception in 2019 by an eclectic mix of physicians, healthcare lawyers, and practice managers, Prevounce has made a mark. It now collaborates with over 450 healthcare bodies, managing a staggering 26,000 patients across the nation. These patients grapple with various ailments like diabetes, hypertension, and more. What’s remarkable is Prevounce’s versatility; it is both device neutral and a data gatherer. Post its launch, the Prevounce platform has seen an influx of 3.5 million vitals device readings.

Prevounce Health CEO Daniel Tashnek said, “Remote preventive and chronic care services have a demonstrated ability to improve patient outcomes and increase practice revenue. Yet, the potential of these services often isn’t realised due to significant regulatory complexity and administrative burden. We’re thrilled to see continued interest in advancing Prevounce’s mission to enable healthcare organisations of all sizes to implement comprehensive remote care programmes that make connected health easy for patients and providers.”

Keep up with all the latest FinTech news here

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.