Top Digital Health Funding: Bain, Accel Invest in RCM Startup Modern Healthcare
TL;DR
- Bain Capital Ventures invests in RCM startup Modern Healthcare
- Accel Partners joins the investment round, bringing total funding to $15M
- Modern Healthcare aims to revolutionize patient engagement and care coordination
- The investment will fuel product development and expansion into new markets
Digital Health Funding on the Rise
The digital health industry is on a tear, with funding reaching unprecedented levels. According to a recent report, digital health startups raised over $10 billion in funding in 2022 alone. And the trend shows no signs of slowing down, with more and more investors pouring money into the space.
Bain and Accel Back RCM Startup Modern Healthcare
The latest example of this trend is RCM (Revenue Cycle Management) startup Modern Healthcare, which has just secured a whopping $15 million in funding from the likes of Bain Capital Ventures and Accel Partners. This brings the total funding for the company to $25 million, with plans to use the latest injection of cash to fuel product development and expansion into new markets.
Revolutionizing Patient Engagement and Care Coordination
So, what’s the big idea behind Modern Healthcare? Simply put, the company is on a mission to revolutionize patient engagement and care coordination. By providing healthcare providers with a seamless, end-to-end platform for managing patient data, Modern Healthcare aims to improve patient outcomes, reduce costs, and streamline care delivery.
Key Takeaways
- Digital Health Funding on Fire: With funding reaching record levels, the digital health industry is hotter than ever.
- Bain and Accel Back RCM Startup: The two investors are backing RCM startup Modern Healthcare with a whopping $15 million in funding.
- Revolutionizing Patient Engagement: Modern Healthcare is on a mission to revolutionize patient engagement and care coordination, and the latest funding will help them get there.
FAQs
Q: What is RCM (Revenue Cycle Management)?
A: RCM refers to the process of managing a healthcare organization’s financial processes, including billing, insurance claims, and patient payments.
Q: Who are Bain Capital Ventures and Accel Partners?
A: Bain Capital Ventures is a leading venture capital firm, and Accel Partners is a global venture capital and private equity firm.
Q: What does Modern Healthcare plan to do with the latest funding?
A: The company plans to use the funding to fuel product development and expansion into new markets, with a focus on further improving patient engagement and care coordination.
