Virtual Heart Care Company Heartbeat Health Raises $20 Million

By Noah Long • May 17, 2021
  • Heartbeat Health — a healthcare company that is working to deliver the most effective, efficient, and engaging heart care — announced recently that it has raised $20 million in Series B funding. These are the details.

Heartbeat Health — a healthcare company that is working to deliver the most effective, efficient, and engaging heart care — announced recently that it has raised $20 million in Series B funding led by Echo Health Ventures, with participation from DaVita Venture Group and existing investors, .406 Ventures, Optum Ventures, Kindred Ventures, Lerer Hippeau, Designer Fund, and Max Ventures.

Founded with with a mission to fundamentally reshape cardiovascular care to better address heart disease, Heartbeat Health delivers virtual-first cardiovascular disease prevention and management with a focus on improved clinical experience, health outcomes, and reduced costs. And the Heartbeat virtual-first platform offers a data-powered patient and provider experience, combining telemedicine, diagnostic coordination, medication management, lifestyle guidance, and stakeholder engagement.

The $20 million Series B funding round will be used to accelerate product research and development as well as expand clinical services offered to at-risk organizations. And Heartbeat has delivered care to more than 20,000 patients nationwide.

Despite major advancements in cardiovascular diagnostics and therapies, nearly 40% of the US population has heart disease. And Heartbeat is working to change that statistic by decoupling heart care from physical locations and transient moments in time. 

Heartbeat is now focused on scaling its virtual value-based cardiovascular care to at risk groups. And this requires a hybrid approach to care that relies on providers and technology. 

KEY QUOTES:

“We’ve built a remarkable virtual-first platform to standardize and scale cardiovascular care for patients who need it the most. By working with at-risk organizations our model has focused on improving clinical outcomes at lower costs and provides a much-needed data-driven approach to this growing field of virtual care.”

— Dr. Jeff Wessler, a cardiologist and the company’s co-founder and CEO

“From the beginning, Heartbeat focused on evidence-based care, patient outcomes, cost-effectiveness, and clinical tools for cardiologists built by cardiologists. With this focus, they have already emerged as a market leader in a new model of patient-focused care for heart health. Echo Health Ventures looks forward to partnering with Heartbeat Health to address the critical issues of cardiovascular disease prevention and management through Heartbeat’s platform and new model of value-based care.”

— Jessica Zeaske, a Partner at Echo Health Ventures who will join the Board of Directors at Heartbeat

“We make it possible to superpower cardiologists with digital tools and workflows that break care out of the clinic in both location and time.” 

— Mark Hanson, Heartbeat’s co-founder and Chief Product Officer. 

“The platform and services work together seamlessly by using data to uncover guidance that can not only treat individuals at-risk, but to help entire populations living with heart disease – and that is a big idea worth pursuing.” 

— Nayan Jain, a co-founder and the company’s CTO