VirtualHealth, a New York City-based provider of population health and care management technologies, raised a $7m in growth funding.
The round was led by Edison Partners.
The company intends to use the funds to further develop its product suite, grow the team and expand its market share.
Led by Adam Sabloff, founder and CEO, VirtualHealth provides risk-bearing entities and government-sponsored health plans with a platform that delivers a 360-degree patient view and spans silos of information to give a complete care coordination solution to improve patient outcomes and reduce re-admission rates. It is customizable and interoperable, integrating with existing enterprise infrastructure.
The company’s technology is used by entities with more than 20 million lives under management across Medicaid, Medicare, and commercial populations.
Current customers include national and regional health plans, managed care organizations, human services agencies, medical facilities, and government agencies.