Windfall health-tech spinout DexCare raises $50M

Providence health-tech spinout DexCare raises $50M

DexCare CEO Derek Streat. (DexCare Photograph)

Seattle health-tech startup DexCare, spun out of Windfall’s digital innovation group, introduced a $50 million funding spherical Thursday.

Windfall initially began DexCare in 2016 to assist with digital affected person acquisition for its same-day care enterprise, Windfall Specific Care Digital. DexCare’s software program platform helps handle well being system capability and appointment reserving, navigating sufferers to essentially the most acceptable care setting.

DexCare is now used at different venues throughout Windfall and by Kaiser Permanente, Mass Normal Brigham, Houston Methodist and different prospects.

“Hospitals are shifting to hybrid care and wish a single answer to draw new sufferers and to attach them each nearly and in-person with their very own caregivers,” stated CEO Derek Streat in a press release. “This funding will assist us speed up platform improvement and go-to-market progress for our rising variety of premier well being methods.”

Streat beforehand co-founded C-SATS, a Seattle startup that makes use of expertise to grade surgeons and was acquired by Johnson & Johnson in 2018, and he additionally based AdReady and Medify.

The brand new funding comes on the heels of a $20 million funding spherical final March, which helped increase the corporate’s platform capabilities. The platform covers quite a lot of well being methods, from nationwide well being methods to educational facilities, and care modalities, together with video and cellphone appointment. The system integrates with social media and may ebook a right away televisit.

“DexCare brings a complete affected person entry and consumption platform to well being methods,” stated Todd Cozzens, managing accomplice at Transformation Capital, which led the funding spherical. “Competitors for sufferers is a serious challenge in 2022 for hospitals.”

Different spinouts from Windfall’s Innovation group embrace Xealth, which lately raised $24 million, and Circle, which was acquired by Wildflower Well being. Windfall additionally runs Windfall Ventures, a $300 million enterprise capital fund that invests in early-to-mid-stage healthcare corporations.

Windfall can also be an investor in Seattle-area healthcare knowledge firm Truveta and was concerned in forming the corporate.

The brand new Sequence B funding spherical additionally included participation from present traders Kaiser Permanente, Windfall Ventures, Mass Normal Brigham, Outline Ventures, Frist Cressey Ventures, and SpringRock Ventures. Renton, Wash.-based Windfall is the most important healthcare supplier in Washington and operates about 50 hospitals and 800 different amenities in a number of states.

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Written by LessDaily.Com


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