Digital health startup Xealth has announced that it has raised an additional $3 million in its Series A financing, bringing the total amount raised in this funding round to $14 million.
New investors Atrium Health, Cleveland Clinic and MemorialCare Innovation Fund joined McKesson Ventures, Novartis, Philips, ResMed, Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network as participants in the round. The money will be used to advance the development and deployment of the Xealth platform for digital health programs.
"Fast becoming the preferred digital health formulary, Xealth works with stakeholders across all areas of health care, including providers, payors, pharma, devices and supply chain," Mike McSherry, chief executive officer of Xealth, said in a press release. "This gives Xealth insight and perspective that advances digital health strategies in a way that optimizes outcomes and assists physician workflows. By investing in Xealth and working with the company to advance their own digital health strategies, Atrium Health, Cleveland Clinic and MemorialCare are demonstrating their commitment to the patient experience."
Xealth powers more than 30 digital health solutions, connecting patients with educational content, transportation, meal delivery, e-commerce product recommendations and other services. Launched in 2017, Xealth works with UPMC, the Froedtert and the Medical College of Wisconsin health network, Duke Health and other leading health systems.
Xealth's platform enables clinicians to prescribe and monitor digital health content, apps, devices and services from within their charting workflow, as well as deliver these assets to the health system's existing patient portal to boost engagement and adoption.
"Atrium Health is committed to using innovative solutions to provide the best care for our patients, both inside and outside the clinical environment," said Dr. Rasu Shrestha, executive vice president and chief strategy officer for Atrium Health. "By enabling our care teams to prescribe and monitor digital health solutions directly from within their clinical workflow, Xealth is the de facto standard for bridging the digital divide between our clinicians' workflows and our patients' everyday lives, enabling strategies that will improve health and dramatically better the consumer experience."
"Patients who are well-informed are generally more engaged in their care, creating deeper partnerships with their providers," added Peter Rasmussen, M.D., Medical Director of Distance Health at Cleveland Clinic. "Technology can enable us to incorporate digital health tools into clinical workflows, improving overall patient experience. Delivering the right materials to the patient and having the analytics to know the information was viewed fits nicely with our goal to deliver access anytime, anywhere."