100Plus, a San Francisco, CA-based Remote Patient Monitoring (RPM) platform for doctors and their patients, raised $25m in seed funding.
The round was leed by Henry Kravis, George Roberts, and other angel investors.
The company intends to use the funds to expand operations and its business reach.
Led by Ryan Howard, CEO, 100Plus is a remote patient monitoring solution that helps physicians remotely monitor patients and provides data that informs clinical decisions throughout their course of care. The remote patient monitoring product utilizes artificial intelligence (AI) and offers an end-to-end solution, including patient outreach, device setup, patient engagement and automated billing. Utilizing short message service (SMS), the platform sends personalized messages to drive patient involvement in the management of their health, including monitoring reminders, follow up on care instructions and feedback on their remote monitoring numbers. Patients can interact and ask questions and receive tailored responses based on their treatment plan. When needed, the platform will triage messages that require immediate physician interaction.
The company, which has reached revenue to $5M in annual recurring revenue since its launch in January of 2020, has also executed a distribution partnership with AdvancedMD, DrChrono and athenahealth, medical billing and electronic health record providers. These partnerships provide 100Plus with the ability to seamlessly offer the platform to their more than 250,000 medical practitioners with no upfront cost or setup time required.