Collective Medical, a Salt Lake City, UT-based network for care collaboration, secured $47.5m in Series A funding.
The round was led by Kleiner Perkins Caufield Byers with participation from Bessemer Venture Partners, Maverick Ventures, Kaiser Permanente Ventures, Providence Ventures, Peterson Ventures, and Epic Ventures.
The company intends to use the funds to expand and advance its care team collaboration network.
Led by Chris Klomp, CEO, Collective Medical has developed a network for real-time care collaboration. By unifying providers and payers through real-time information alerts, patient context, and collaborative care planning, the platform empowers care teams to identify patients with complex needs and help them get the care they need, when they need it, from those best positioned to deliver it.
Collective Medical is engaged with every national health plan in the country, hundreds of hospitals and health systems, and tens of thousands of providers and care managers including those in emergency departments, primary care practices, skilled nursing facilities, home health agencies, emergency medical services, and mental and behavioral health organizations.
The network has visibility across 13 states, with an additional 10 states expected to go live in 2018.