TimeDoc Health, Inc., a Chicago, IL-based provider of technology and digital nursing services for healthcare organizations to coordinate care for their chronically-ill patients, raised $2.5m in funding.
The round was led by Grand Ventures with participation from Serra Ventures and Break Trail Ventures.
The company intends to use the funds to expand its platform into behavioral health and remote patient monitoring, and grow internally doubling its headcount within the next 12 months.
Led by CEO Will Boeglin, TimeDoc Health provides cloud based digital care management solutions for healthcare organizations. Its solution combines a care management platform with digital nursing services to engage, monitor, and coordinate care for chronically-ill patients on a monthly basis.
The company’s 70+ healthcare clients who are participating in various care management programs including Medicare’s Chronic Care Management program (99490 / G0511), Comprehensive Primary Care Plus, Patient-Centered Medical Home, and state-wide opioid use disorder programs generate new, monthly recurring revenues while providing an enhanced service to their complex patients and preparing for value-based reimbursement models.
TimeDoc Health now serves healthcare organizations such as Federally Qualified Health Centers (FQHCs), Rural Health Clinics (RHCs), multi-speciality practices, primary care practices, community hospitals, and independent physician associations in over 30 states.