- b.well Connected Health, a platform designed for providing consumers with a new front-end to healthcare, announced it raised $16 million in Series A funding
b.well Connected Health, a platform designed for providing consumers with a new front-end to healthcare, announced it raised $16 million in Series A funding. The Series A round was led by UnityPoint Health Ventures (the venture capital arm of UnityPoint Health). Other investors include ThedaCare (a leading Wisconsin-based community health system) and Well Ventures (a subsidiary of Walgreens Boots Alliance). Including this funding round, b.well raised over $27 million.
The b.well Connected Health platform integrates data, insights, and partners into a single and customized solution, thus enabling individuals to take control of their healthcare experience. Plus it provides the healthcare eco-system with a long overdue middleware, connecting separate, complex, and already existing programs to achieve interoperability and aggregation.
b.well’s platform works horizontally to consolidate a 360-degree view of consumers’ real-time data and vertically to integrate the growing point solutions to provide timely healthcare services and support to consumers that is relevant to their needs. With this technology, b.well transforms the way consumers interact with their health care by empowering them with a ‘first-screen’ mobile platform to manage all of their healthcare in one location that is portable and personalized.
The 3 strategic investors will work together with b.well and their respective organizations to enhance patient experience and improve population health. And b.well also announced Austin Duke, PhD, Senior Venture Associate at UnityPoint Health Ventures and Imran Andrabi, MD, President and CEO of ThedaCare will join the b.well Connected Health Board of Directors. Giovanni Monti (SVP Healthcare Services) and Li Zhong (VP Global, Mergers & Acquisitions) from WBA will also join the Board of Directors in voting and non-voting capacities.
Key Quotes:
“Over the past five years, b.well has successfully partnered with self-insured employers, payers, health systems and providers by providing them the software to configure and launch their own unique digital health strategy with a sharp focus on consumer experience. Building on this strong foundation, and with increased demand for digital delivery of health services that support population health and value-based care models, we are now focusing on our growth strategy. We welcome the opportunity to work with our new directors to advance our mission to help individuals take control of their healthcare experience.”
-Kristen Valdes, Founder and CEO, b.well Connected Health
“Our goal is to make care easier and more personal. b.well works to solve the fragmented and siloed health experience that consumers, including myself, have struggled with by putting the consumer at the center of their health journey. This is exactly the kind of work that’s going to move the care experience needle for our patients. We’re thrilled to partner with b.well on this important effort.”
-Matthew Warrens, Managing Director of Innovation at UnityPoint Health
“Aligned with our mission of improving the health of our community, our partnership with b.well will empower patients by putting their health information at their fingertips and providing peace of mind. On this journey to population health, we will take our expertise outside of our walls and provide people with tools to live their best life.”
-Imran Amjad Andrabi, MD, ThedaCare President and Chief Executive Officer
