b.well Connected Health Secures $16 Million in Series A Funding

BALTIMORE, March 11, 2020 /PRNewswire/ — b.well Connected Health, the platform designed to supply shoppers a brand new entrance finish to healthcare, introduced immediately the shut of a $16 million Sequence A funding spherical. The Sequence A spherical was led by UnityPoint Well being Ventures, the enterprise capital arm of UnityPoint Well being. Different buyers embrace ThedaCare – a number one Wisconsin-based neighborhood well being system, and Properly Ventures – a subsidiary of Walgreens Boots Alliance, Inc (WBA). Beforehand, b.properly raised $11.5 million in seed funding, bringing the corporate’s whole funding to over $27 million.

The b.properly Linked Well being platform integrates knowledge, insights and companions right into a single, personalized resolution, enabling people to take management of their healthcare expertise. It supplies the healthcare eco-system with an extended overdue middleware, connecting separate, usually advanced and already current applications, to attain interoperability and aggregation.

The platform works horizontally throughout the system to consolidate a 360-degree view of shoppers’ real-time knowledge, and vertically to combine the quickly rising level options to supply well timed healthcare providers and assist to shoppers that’s related to their wants. In consequence, b.properly transforms the best way shoppers work together with their well being care by empowering them with a ‘first-screen’ cell platform to handle all of their healthcare in a single location that’s persistent, moveable, and personalised.

“Over the previous 5 years b.properly has efficiently partnered with self-insured employers, payers, well being programs and suppliers by offering them the software program to configure and launch their very own distinctive digital well being technique with a pointy give attention to client expertise.  Constructing on this sturdy basis, and with elevated demand for digital supply of well being providers that assist inhabitants well being and value-based care fashions, we at the moment are specializing in our progress technique,” mentioned Kristen Valdes, Founder and CEO, b.properly Linked Well being. “We welcome the chance to work with our new administrators to advance our mission to assist people take management of their healthcare expertise.”

The three strategic buyers will work along with b.properly and their respective organizations to boost affected person expertise and enhance inhabitants well being. 

“Our purpose is to make care simpler and extra private,” mentioned Matthew Warrens, Managing Director of Innovation, UnityPoint Well being. “b.properly works to unravel the fragmented and siloed well being expertise that customers, together with myself, have struggled with by placing the buyer on the heart of their well being journey. That is precisely the form of work that is going to maneuver the care expertise needle for our sufferers. We’re thrilled to associate with b.properly on this vital effort.”

“Aligned with our mission of enhancing the well being of our neighborhood, our partnership with b.properly will empower sufferers by placing their well being data at their fingertips and offering peace of thoughts,” mentioned Imran A. Andrabi, MD, ThedaCare President and Chief Government Officer. “On this journey to inhabitants well being, we’ll take our experience exterior of our partitions and supply individuals with instruments to reside their greatest life.”

b.properly can also be happy to announce Austin Duke, PhD, Senior Enterprise Affiliate, UnityPoint Well being Ventures, and Imran Andrabi, MD, President and CEO, ThedaCare, will be a part of the b.properly Linked Well being Board of Administrators. Giovanni Monti (SVP Healthcare Providers) and Li Zhong (VP World, Mergers & Acquisitions) from WBA may also be a part of the Board of Administrators in voting and non-voting capacities.

About b.properly Linked Well beingb.well is a healthcare know-how firm that gives a configurable digital platform to well being care stakeholders to unravel for interoperability and consolidation of level options via the lens of a client.  b.properly’s platform is a brand new middleware — software program that acts just like the connective tissue between purposes, knowledge and customers — which has been lacking in healthcare. Our market-leading options are designed to simplify a very advanced well being care supply system right into a seamless expertise that immediately’s client has come to count on.

About UnityPoint Well being VenturesBased in 2019, UnityPoint Well being Ventures makes direct investments in concepts and companions that present a better, extra private expertise for sufferers and suppliers. Because the enterprise capital arm of UnityPoint Health – one of many nation’s most built-in well being programs – the agency invests in alternatives that enhance affected person outcomes and scale back the price of well being care. Along with strategic investing, UnityPoint Well being Ventures supplies devoted sources to speed up portfolio firm traction inside UnityPoint Well being and past. By means of relationships with greater than 315 physician clinics, 21 regional and 19 community network hospitals in metropolitan and rural communities and residential care providers all through its 9 regions, UnityPoint Well being supplies care all through Iowa, western Illinois and southern Wisconsin. Extra at uphventures.org.

About ThedaCareFor greater than 110 years, ThedaCare® has been dedicated to enhancing the well being of the communities it serves in Northeast and Central Wisconsin. The group delivers care to a neighborhood of greater than 600,000 residents in 18 counties and employs greater than 7,000 healthcare professionals. ThedaCare has 180 areas together with seven hospitals situated in Appleton, Neenah, Berlin, New London, Shawano, Waupaca and Wild Rose.

ThedaCare is the primary in Wisconsin to be a Mayo Clinic Care Community Member, giving our specialists the flexibility to seek the advice of with Mayo Clinic consultants on a affected person’s care. ThedaCare is a not-for-profit healthcare group with a degree II trauma heart, complete most cancers remedy, stroke and cardiac applications in addition to a basis devoted to neighborhood service.

About Walgreens Boots AllianceWalgreens Boots Alliance is a worldwide chief in retail and wholesale pharmacy, touching tens of millions of lives every single day via dishing out and distributing medicines, its handy retail areas, digital platforms and well being and sweetness merchandise. The corporate has greater than 100 years of trusted well being care heritage and innovation in neighborhood pharmacy and pharmaceutical wholesaling. Together with fairness technique investments, WBA has a presence in additional than 25 international locations, employs greater than 440,000 individuals and has greater than 18,750 shops. WBA’s goal is to assist individuals the world over lead more healthy and happier lives. The corporate is happy with its contributions to wholesome communities, a wholesome planet, an inclusive office and a sustainable market. The corporate’s companies have been acknowledged for his or her Company Social Duty. Walgreens was named to FORTUNE* journal’s 2019 Firms that Change the World listing and Boots UK was acknowledged as Accountable Enterprise of the Yr 2019-2020 by Enterprise within the Group. WBA is included in FORTUNE’s 2020 listing of the World’s Most Admired Firms. That is the 27th consecutive 12 months that WBA or its predecessor firm, Walgreen Co., has been named to the listing.

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