This investment is validation that health systems see the value of our solution — and they’re willing to put their money on it.
WASHINGTON (PRWEB) December 08, 2020
Babyscripts, the leading virtual care platform for managing obstetrics, today announced a new round of investments through their Strategic Partners Program, a unique investment bloc composed of health systems interested in forwarding Babyscripts’ cutting-edge digital solutions for pregnant populations. Partners include Phoenix-based Banner Health, one of the largest nonprofit health care systems in the country; the CU Healthcare Innovation Fund, located on the University of Colorado Anschutz Medical Campus in Aurora, Colorado; the Froedtert & the Medical College of Wisconsin health network, an integrated health care system based in Wisconsin; and WellSpan Health, an integrated health system serving central Pennsylvania and northern Maryland.
This investment round is structured to leverage the input and support of clinical and health system partners, ensuring that Babyscripts’ product development and future roadmap aligns with customer needs.
“From the beginning, we’ve set ourselves apart from other tech companies by partnering with physicians to make sure that we’re developing solutions that will actually be useful and improve outcomes, not just look and feel ‘cutting-edge’,” said Juan Pablo Segura, co-founder and President of Babyscripts. “This investment is validation that health systems see the value of our solution — and they’re willing to put their money on it."
"We believe the future of healthcare is combining virtual patient management and remote monitoring technologies in ways that increase access and improve outcomes at lower cost," said Steven Lindseth, General Partner, CU healthcare Innovation fund, "Babyscripts has perfected this model against the societal imperative to improve maternal health, a mission that we can all agree is critical to fixing US healthcare.”
The majority of the investors are current customers of Babyscripts, uniquely qualifying them to offer support and demonstrating their confidence in the company’s value.
“Banner is proud to invest in Babyscripts’ highly innovative offerings for virtual maternity care, which we hope to scale across our six-state system,” said Scott Nordlund, chief strategy and growth officer at Banner Health and head of Banner Innovation Group. “Central to our innovation strategy are partners like Babyscripts, with whom we can tailor streamlined digital solutions for our patients to make health care better, simpler, and easier to access.”
“We know that meeting our patients where they are and connecting in a personal and meaningful way outside of the clinic walls can improve the health and well-being of expectant moms and their babies,” said Michael L. Anderes, FACHE, chief innovation and digital officer, Froedtert & the Medical College of Wisconsin health network.
“Our partnership with Babyscripts began in response to what we hear from new moms,” said Megan Lecas, Senior Vice President of Service Lines at WellSpan Health. “They want greater access, more convenience, healthier outcomes and fewer appointments when appropriate. Babyscripts complements the expert care provided by our women’s health team while providing more flexibility for consumers.”
Babyscripts has spent the last six years building a clinically-validated, virtual care platform to allow OBGYNs to deliver a new model of prenatal care. Using internet-connected devices for remote monitoring, Babyscripts offers risk-specific experiences to allow providers to manage up to 90% of pregnancies virtually, allowing doctors to detect risk more quickly and automate elements of care.
About Banner Health
Headquartered in Arizona, Banner Health is one of the largest nonprofit health care systems in the country. The system owns and operates 30 acute-care hospitals, two rehabilitation hospitals, Banner Health Network, Banner – University Medicine, academic and employed physician groups, long-term care centers, outpatient surgery centers and an array of other services; including Banner Urgent Care, family clinics, home care and hospice services, pharmacies and a nursing registry. Banner Health is in six states: Arizona, California, Colorado, Nebraska, Nevada and Wyoming. For more information, visit bannerhealth.com.
About The CU Healthcare Innovation Fund
The CU Healthcare Innovation Fund is located on the University of Colorado Anschutz Medical Campus in Aurora, Colorado. The fund invests in companies that have developed meaningful partnerships with the institutions on the campus. The $50 million fund invests across digital health, therapeutics and devices. For more information visit http://www.cuvcfund.com
About Froedtert & the Medical College of Wisconsin
The Froedtert & the Medical College of Wisconsin regional health network is a partnership between Froedtert Health and the Medical College of Wisconsin supporting a shared mission of patient care, innovation, medical research and education. Our health network operates eastern Wisconsin's only academic medical center and adult Level I Trauma Center at Froedtert Hospital, Milwaukee, an internationally recognized training and research center engaged in thousands of clinical trials and studies. The Froedtert & MCW health network, which includes five hospitals, one of which is a nationally ranked academic medical center, more than 1,600 physicians and nearly 40 health centers and clinics, draws patients from throughout the Midwest and the nation. In our most recent fiscal year, outpatient visits exceeded 1.1 million, inpatient admissions to our hospitals were 49,250 and visits to our network physicians totaled 932,000. For more information, visit froedtert.com.
About WellSpan Health
WellSpan Health is an integrated health system that serves the communities of south central Pennsylvania and northern Maryland. The organization includes a clinically integrated network of approximately 2,600 physicians and advanced practice providers (APPs), including more than 1,600 employed physicians and APPs; a regional behavioral health organization; a home care organization; eight respected hospitals; approximately 20,000 employees; and more than 200 patient care locations. WellSpan is a charitable, mission-driven organization, committed to exceptional care for all, lifelong wellness and healthy communities. Visit WellSpan.org.
Babyscripts is delivering a new model for prenatal and postpartum care that is transforming the way expectant mothers use technology to work with their healthcare providers. We’ve spent the last six years delivering the most-implemented mobile clinical solution for remote monitoring in pregnancy, with the mission to eliminate maternal mortality and improve access to care for all mothers. Babyscripts was named to the 2020 Digital Health 150, CB Insights’ annual ranking of the 150 most promising private digital health companies in the world. For more information on our virtual care solution and to request a demo, visit http://www.babyscripts.com.