ChronWell, a Fort Lauderdale, FLA-based technology-enabled injury management program for the workers’ compensation industry, secured $2.8m in funding.
The round brought total capital raised to date to $7.8m. Backers were not named.
The company intends to use the funds to develop its technology platform further and expand its business reach.
Launched in September 2017 by healthcare and insurance technology veterans Joe Rubinsztain, Sam Rubinsztain and Salomon Srendi, ChronWell provides Recovry™, a platform that gives early intervention and unified case management for injured workers through augmenting human case managers with Artificial Intelligence, technology-driven risk analysis, and a comprehensive psychosocial evaluation for every worker.
Recovry provides a holistic view of every case and opens lines of communication between employee, employer and insurer from the onset of an injury.
Since the announcement of its Series A funding round of $5m in early 2018, ChronWell completed a pilot program and has contracted with California Farm Management (CFM), a self-insured collective of multiple farming companies.