PatientPop, the US-based market leader in practice growth technology, announced it has secured a Series C capital round of $50 million, led by HLM Venture Partners, one of the top healthcare venture firms in the country.
New investors Commonfund and Vivo Capital, and existing investors Toba Capital, Transformation Capital, and Silicon Valley Bank also participated in the funding round.
PatientPop will use the funding to deliver solutions that help private practices provide exceptional care virtually and in-person. This includes seamless patient communication and front office functions that are streamlined for a better patient experience. This focus will allow PatientPop to continue to define the Practice Growth category and provide the most complete suite of solutions for practices, the Company said in its press statement.
“Our focus is to fulfill our mission to help practices thrive, even among rapidly changing healthcare and economic market conditions,” said Luke Kervin, PatientPop Co-founder and Co-CEO. “This is more important than ever as providers quickly adapt their digital strategy and presence to attract and retain patients, and seek the technology and tools they need to successfully operate their practice throughout the COVID-19 pandemic.”
With the new investment from HLM Venture Partners, HLM partner Steve Tolle joins the PatientPop board of directors, along with Vivo Capital principal Nathan Dau, and Jonathan Bush, former Co-founder and CEO of athenahealth.
“PatientPop is changing the industry because it drives results for practices with its platform designed for providers, focused on the critical areas of practice growth and virtual practice management,” said Tolle.
“The company took great strides in telehealth innovation over the past five months, addressing the requirements for virtual patient visits spurred on by the COVID-19 pandemic, and responded by introducing PatientPop Pro,” said Dau. “PatientPop will no doubt continue to help doctors adopt new technologies that are critical to practice success.”
Jonathan Bush added, “I met the PatientPop team years ago when they were part of the athenahealth Marketplace. We were so impressed with how they help private practices that we made a corporate angel investment. PatientPop is the leader in practice growth, with a huge opportunity to forever change the way practices deliver care. I’m thrilled to continue my involvement with the company.”
“Behind every exceptional product in healthcare is the right team of people bringing it to life,” said Travis Schneider, PatientPop Co-founder and Co-CEO. “Adding Steve Tolle, Nathan Dau, and Jonathan Bush to our board enhances our blend of experience that drives innovation, depth of knowledge, diversity of thought, and empathy for our customers, patients, partners, and employees.”
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