ThoroughCare, a leader in care coordination solutions, announced it has closed its $5 million Series A funding round, led by Empactful Capital.
This funding will support ThoroughCare’s continued focus on product development, strategic account management, and expansion into new markets. And the funding marks a significant milestone for the company as it continues its mission to simplify patient care through innovative, workflow-integrated digital solutions.
ThoroughCare’s platform was built to address the inefficiencies and fragmentation in patient care, which can result in inconsistent patient engagement, poor outcomes, and revenue loss. And the company’s purpose-built solution offers support to a wide range of healthcare organizations — from independent practices to accountable care organizations, health systems, and health plans — helping manage medical, behavioral, and social elements of care delivery.
ThoroughCare’s NCQA-accredited platform offers a unified approach to care management that benefits patients and providers.
Empactful Capital saw ThoroughCare’s unique value proposition as a key driver for their investment. And ThoroughCare’s multi-tenant platform offers scalable solutions for healthcare organizations of any size and extends beyond a single entity to serve large networks.
KEY QUOTES:
“This investment will enable us to enhance our product offerings and accelerate growth across new and existing markets. With Empactful Capital’s support, we’re well-positioned to continue innovating and delivering solutions that empower providers to improve patient outcomes while simplifying the challenges of care management in a highly complex industry.”
- Earl Hutz, COO of ThoroughCare
“ThoroughCare’s platform represents a strong solution for addressing the complexities of care management across diverse healthcare networks. Their proven track record, combined with the ability to drive meaningful improvements in patient outcomes and operational efficiency, aligns with our investment focus on transformative healthcare solutions.”
- Sal DeTrane, Managing Partner of Empactful Capital
