Phreesia, a New York-based provider of a technology platform that automates the patient check-in process in physician offices and care centers across the U.S., closed a $16m Series D financing round.
The investment was led by Ascension Health Ventures (AHV), with participation from existing investors BlueCross BlueShield Venture Partners, L.P., Sandbox Industries, Polaris Venture Partners, HLM Venture Partners, and Long River Ventures.
In conjunction with the financing, Victor Kats, Investment Manager at Ascension Health Ventures, will join the company’s board of directors.
As also stated by Phreesia’s CEO and co-founder, Chaim Indig, this investment will enable the company to expand its presence in the healthcare market.
Phreesia provides wireless touchscreen pads (see photo on the right), which are used by patients to verify and update demographic and insurance information and provide clinical information that integrates into existing practice management and electronic health record systems.