ReferWell Closes Series B Funding to Accelerate Growth by Enhancing Care Navigation and Improving Access to Care
New funding will enable company to scale as it pursues its mission of easing patients' access to primary and follow-up care
STAMFORD, Conn., Jan. 10, 2023 /PRNewswire-PRWeb/ -- ReferWell, the digital health company focused on leveraging the "referable moment"SM to find and schedule patient care, today announced that it has closed its Series B funding round led by the healthcare private equity firm, Viewside Capital Partners.
Investors from Essen Ventures, the venture arm of Essen Health Care, a fully integrated healthcare delivery network in New York, joined existing investors Health Catalyst Capital and Connecticut Innovations in the funding round. Essen will deploy ReferWell across its entire organization encompassing more than 400 providers across nearly 50 locations.
Stephen Raggio, Co-Founder and Managing Partner of Viewside, stated "Referwell is on the leading edge of solving a persistent obstacle in a unique way – getting patients scheduled for the care they need with the right in-network provider. The payer, provider and hospital system markets are responding with aggressive uptake and we expect substantial continued growth in the future. Their organization has been built to scale, and the ReferWell team has deep experience and a proven track record. Viewside Capital is extremely excited to be a part of a solution that improves patient outcomes while also lowering the overall cost of care."
ReferWell CEO Vytas Kisielius said the company will use the funds to continue to scale rapidly in a space historically limited by manual, time-intensive work. "ReferWell's ability to tech-enable a complex task—navigating healthcare and scheduling appointments—is fundamental to every aspect of healthcare," said Kisielius. "As a result, we're adding many new payor and provider clients while our existing customers expand rapidly."
ReferWell is gaining meaningful traction with Medicare and Medicaid health plans searching for efficient and effective member engagement strategies that help meet federal requirements. In targeted programs last year, ReferWell care navigators reached out to nearly 60,000 beneficiaries and recorded an impact rate up to ten-times higher than plan benchmarks.
ReferWell was founded in 2014 by a New York City-based cardiologist who wanted to make it easier for patients to receive follow-up care. While the company has entered additional markets and expanded the scope of its services, the original mission endures today: make it easy for patients to find and schedule appointments at the point-of-care (the original referable moment) and enable the sharing of patient clinical information between providers to enhance and simplify care coordination.
About ReferWell:
ReferWell is a digital health company focused on leveraging the referable momentSM — the point in time when a person is most ready to take action to improve their health – to improve access to care, increase health plans' quality performance and reduce the total cost of care, all while improving members' experience and outcomes. ReferWell's intuitive technology platform and skilled service team helps health plans and providers manage value and help more people get on, and stay on, their healthcare journey. ReferWell, headquartered in Stamford, Connecticut, has grown to support plans responsible for more than 28 million covered lives across the U.S.
Media Contact
Jackie Simon, ReferWell, (800) 970-5875, [email protected]
SOURCE ReferWell
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