TL;DR
- Xealth, a Seattle-based startup, raises $17.5 million in Series A funding to grow its digital healthcare delivery platform.
- The platform helps hospitals and health systems streamline patient care and reduce costs.
- New funding will be used to expand the platform’s capabilities and enter new markets.
- Xealth’s platform is used by over 15,000 clinicians and 1,000 hospitals.
Xealth Lands $17.5 Million in Series A Funding to Grow its Digital Healthcare Delivery Platform
Seattle startup Xealth has landed a significant $17.5 million in Series A funding to fuel the growth of its digital healthcare delivery platform. The round was led by venture capital firm, Optum Ventures, with participation from existing investors, including F-Prime Capital and Canvas Ventures.
What is Xealth?
Xealth is a digital healthcare delivery platform that helps hospitals and health systems streamline patient care and reduce costs. The platform allows clinicians to create, manage, and deliver personalized care plans to patients, while also tracking patient outcomes and outcomes. The platform is designed to be user-friendly, so healthcare providers can focus on what matters most – patient care.
How does it work?
The Xealth platform is built on a cloud-based infrastructure, making it accessible from anywhere, at any time. Clinicians can use the platform to create care plans, order medications, and communicate with patients through secure messaging. The platform also integrates with existing hospital systems, such as electronic health records (EHRs) and hospital information systems (HIS).
What does the funding mean for Xealth?
The new funding will be used to expand the platform’s capabilities, including the development of new features and the integration of artificial intelligence (AI) and machine learning (ML) to improve patient outcomes. Xealth plans to enter new markets, including the UK and Canada, and continue to build its team.
Key Takeaways
- Xealth’s platform is used by over 15,000 clinicians and 1,000 hospitals, making it a significant player in the digital healthcare space.
- The platform’s ability to streamline patient care and reduce costs is a key factor in its success, as healthcare providers face increasing pressure to reduce costs without compromising patient care.
- Xealth’s focus on user experience and user-friendliness sets it apart from other digital healthcare platforms, making it more accessible to a wider range of healthcare providers.
- The new funding will be used to accelerate Xealth’s growth, including the development of new features and the expansion into new markets.
FAQs
Q: What is Xealth’s digital healthcare delivery platform?
A: Xealth is a cloud-based platform that helps hospitals and health systems streamline patient care and reduce costs.
Q: How does Xealth work?
A: Clinicians can use the platform to create care plans, order medications, and communicate with patients through secure messaging. The platform integrates with existing hospital systems, such as EHRs and HIS.
Q: What will the new funding be used for?
A: The new funding will be used to expand the platform’s capabilities, including the development of new features and the integration of AI and ML to improve patient outcomes. Xealth will also use the funding to enter new markets and build its team.
Q: What are the next steps for Xealth?
A: Xealth plans to continue to develop its platform, expand its team, and enter new markets. The company is also exploring new opportunities, such as telemedicine and remote monitoring, to further improve patient care and outcomes.
