HealthSnap, a Miami, Florida-based company that offers healthcare providers chronic care management (CCM) and remote patient monitoring (RPM), has secured $25 million in Series B funding.
Sands Capital led the round, which increased the total to $48.5 million. Comcast Ventures, Acronym Venture Capital, and Florida Opportunity Fund all made fresh investments. Participating entities included Asclepius Growth Capital, Florida Funders, MacDonald Ventures, TGH Ventures, and current stockholders. The board of directors of HealthSnap will welcome Scott Frederick, a managing partner at Sands Capital.
With the money, the business plans to expand its nationwide clinical staff, expedite the development of its product roadmap to address consumer demand for in-home care, and start developing its AI-powered population health and analytics platform. Customer success managers, patient enrollment specialists, and care navigator nurses are all now being hired by HealthSnap.
HealthSnap is a virtual care management platform provider that helps healthcare companies improve patient outcomes, lower utilization, and diversify revenue streams. It is led by CEO Samson Magid. HealthSnap provides remote chronic condition management, including AI-guided care coordination, virtual care delivery, patented billing technologies, population analytics, and chronic disease-agnostic remote patient monitoring (RPM) and chronic care management (CCM).
The firm announced in 2023 that it was expanding its health system partnerships with Prisma Health and UnityPoint Health. These partnerships were bolstered by enhanced clinical outcomes data for a range of chronic illnesses, including Type 2 diabetes, heart failure, hypertension, and obesity.
