PatientBond, a Salt Lake City, UT-based patient engagement SAAS provider, closed its Series C financing of undisclosed amount.
All existing investors participated in the round with the addition of five family offices and one venture group.
The company intends to use the funds to expand its offerings and teams.
In addition to teh funding news, Justin Dearborn has been named Chief Executive Officer while Anurag Juneja, who has been CEO since co-founding the company will continue as President.
Dearborn has over 25 years of experience as an executive for healthcare, technology and software companies including a successful turnaround of Merge Healthcare where he grew the business from a $10 million enterprise value to a sale to IBM for $1 billion.
PatientBond provides a configurable communications platform that leverages a proven psychographic segmentation model and a diverse set of digital workflows to help clients build a bond with their patients to improve health outcomes, grow their market share, and improve patient payment collections. The company is currently used by over 1,200 healthcare provider locations across the United States. It is a portfolio company of First Health Capital Partners, LLC.