(b) Well Connected Health, a platform designed to provide consumers with a new front end to healthcare, today announced the closing of the $16 million Series A investment round. The Series A round was led by UnityPoint Health Ventures, the risk capital arm of UnityPoint Health. Other investors include ThedaCare, a leading community health system based in Wisconsin, and Well Ventures, a subsidiary of Walgreens Boots Alliance, Inc. (WBA) In the past, b Well, $11 raised $5 million in seed funding, bringing total company funding to more than $27 million.
The b of the Well Connected Health Platform integrates data, insights and partners into a single, customized solution that enables individuals to take control of their healthcare experience. It provides the healthcare ecosystem with a long-overdue middleware, linking separate, often complex and already existing programs to achieve interoperability and aggregation.
The platform works horizontally across the system to consolidate a 360-degree view of consumer real-time data and vertically integrate fast-growing point solutions to provide timely health services and support to consumers that are relevant to their needs. As a result, b is Well transforms the way consumers interact with their health care by empowering them with a ‘first-screen’ mobile platform to manage all of their health care at a single location that is persistent, portable, and personalized.
“Over the last five years, b Well has successfully partnered with self-insured employers, payers, health systems and providers by providing them with software to configure and launch their own unique digital health strategy with a focus on consumer experience. Building on this strong foundation and increasing demand for digital delivery of health services that support population health and value-based care models, we are now focusing on our growth strategy,” said Kristen Valdes, Founder and CEO, b. Well connected to health “We welcome the opportunity to work with our new directors to advance our mission to help individuals take control of their health experience. “That’s right.
The three strategic investors will work with B. Well and their respective organizations to enhance patient experience and improve public health
“Our goal is to make care easier and more personal,” said Matthew Warrens, Managing Director of Innovation at UnityPoint Health. “B” Works well to solve the fragmented and siloed health experience that consumers, including myself, have struggled with by putting the consumer at the center of their health journey. This is exactly the kind of work that will move the needle care experience for our patients. We’re excited to be a partner with b Well, on that important effort “That’s right.
“Aligned with our mission to improve the health of our community, our partnership with B Well will empower patients by putting their health information on their fingertips and providing peace of mind,” said Imran A. Andrabi, MD, President and Chief Executive Officer of ThedaCare “On this journey to population health, we will take our expertise outside our walls and provide people with the tools they need to live their best lives. “That’s right.
(b) Well is also pleased to announce that Austin Duke, PhD, Senior Venture Associate, UnityPoint Health Ventures, and Imran Andrabi, MD, President and CEO of ThedaCare, will join B. Well connected Board of Directors of Health Giovanni Monti (SVP Healthcare Services) and Li Zhong (VP Global, Mergers & Acquisitions) from WBA will also join the Board of Directors on voting and non-voting capabilities.
About b Around Well connected to health
(b) Well is a healthcare technology company that provides a configurable digital platform for healthcare stakeholders to solve the problem of interoperability and consolidation of point solutions through the consumer lens. (b) Well’s platform is a new middleware—software that acts like connective tissue between applications, data and users—that has been missing in healthcare. Our market-leading solutions are designed to simplify an overly complex health care delivery system into a seamless experience that today’s consumers have come to expect.
UnityPoint Health Ventures
Founded in 2019, UnityPoint Health Ventures makes direct investments in ideas and partners that provide patients and providers with easier, more personal experience. As the venture capital arm of UnityPoint Health-one of the nation’s most integrated health systems-the firm is investing in opportunities to improve patient outcomes and reduce health care costs. In addition to strategic investments, UnityPoint Health Ventures provides dedicated resources to accelerate the traction of a portfolio company within and beyond UnityPoint Health. Through relationships with more than 315 medical clinics, 21 regional and 19 community-based hospitals in metropolitan and rural communities and home care services across its 9 regions, UnityPoint Health provides care across Iowa, western Illinois and southern Wisconsin. More on upheavals Organ
About ThedaCare:
ThedaCare® has been committed to improving the health of the communities it serves in Northeast and Central Wisconsin for more than 110 years. The organization provides care to a community of more than 600,000 residents in 18 counties and employs more than 7,000 healthcare professionals. ThedaCare has 180 locations, including seven hospitals in Appleton, Neenah, Berlin, New London, Shawano, Waupaca and Wild Rose.
ThedaCare is the first member of the Mayo Clinic Care Network in Wisconsin to enable our specialists to consult with Mayo Clinic experts on patient care. ThedaCare is a non-profit health care organization with a Level II trauma centre, comprehensive cancer treatment, stroke and cardiac programs as well as a community service foundation.
Walgreens Boots Alliance
Walgreens Boots Alliance is a global leader in retail and wholesale pharmacy, touching millions of lives every day through the distribution and distribution of medicines, convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of trustworthy health care heritage and innovation in the field of community pharmacy and pharmaceutical wholesale. WBA is present in more than 25 countries, employs more than 440,000 people and has more than 18,750 stores, including equity investment methods. WBA’s goal is to help people around the world lead a healthier and happier life. The company is proud of its contribution to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. Businesses of the company have been recognized for their corporate social responsibility Walgreens was named to FORTUNE* magazine 2019 Companies that Change the World List and Boots UK was recognized as Responsible Business of the Year 2019-2020 by Business in the Community. WBA is included in the FORTUNE 2020 list of the most admired companies in the world. This is the 27th consecutive year of WBA or its predecessor, Walgreen Co. , was named to the list
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