Prevounce Health – a leading provider of remote care management software, devices, and services – recently announced the closing of $2.5 million in new Series A funding led by Cloud Hill Partners and Michael Hammond, former co-founder of Hammond Hanlon Camp LLC and H2C Securities, with participation from additional returning investors. The company has now raised $7 million in total Series A funding and will use the latest funding round to advance its product and service offerings and scale its team to meet growing market demand.
What Prevounce does: Prevounce provides a comprehensive, cloud-based remote care management platform, proprietary cellularly connected patient devices, and expert-managed services that empower efficient remote patient monitoring (RPM), chronic care management (CCM), and wellness programs. Practice, health system, and payor clients utilize Prevounce’s deep healthcare compliance, operational expertise, and full-service device shipping and logistics support. Prevounce tailors RPM solutions, including any combination of software, custom devices, care services, and logistics, to meet specific client business and patient outcome goals.
The company was launched in 2019 by physicians, practice managers, and healthcare attorneys. And Prevounce now has more than 450 healthcare organizations using its products to manage over 26,000 patients across the country with various conditions, including hypertension, heart failure, diabetes, COPD, and preeclampsia. Operating as a device-agnostic and a data aggregator, Prevounce software connects to hundreds of third-party technology platforms and devices through integrations and APIs. About 3.5 million vital device readings have entered the Prevounce platform since its launch.
KEY QUOTES:
“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 realized due to significant regulatory complexity and administrative burden. We’re thrilled to see continued interest in advancing Prevounce’s mission to enable healthcare organizations of all sizes to implement comprehensive remote care programs that make connected health easy for patients and providers.”
— Daniel Tashnek, Founder and CEO of Prevounce Health
“This is an exciting time as organizations across the healthcare continuum are recognizing a dire need to refocus how providers interact with their patients. We’ve seen fantastic growth at Prevounce. With this latest round of financing and exciting, new strategic partners and clients, we’re poised to remain the best partner for healthcare organizations building large scale remote care initiatives.”
— Michael Hammond, former co-founder of Hammond Hanlon Camp LLC and H2C Securities — who also serves as Chairman of Prevounce Health
