Babyscripts, a Washington, DC-based virtual care platform for managing obstetrics, raised $7.5m bringing the Series B funding to $19M to date.
Backers included Cigna Ventures, Texas Medical Center Venture Fund and Atlantic Health System. Memorial Innovation Fund led the initial Series B round, joined by Philips and the CU Healthcare Innovation Fund. Banner Health, WellSpan Health, University Hospitals, and the Froedtert & the Medical College of Wisconsin health network are also part of the Series B round through participation in Babyscripts’ Strategic Partner Program earlier this year.
The company, which has raised a total of $37M to date, intends to use the funds to accelerate the roll out of Babyscripts Virtual Maternity Care solution to providers across the U.S., enabling access to end-to-end maternity care across health populations, as well as the development of models specifically designed for payers.
Led by President and Co-founder Juan Pablo Segura, Babyscripts provides a mobile clinical solution for remote monitoring in pregnancy, now managing more than 200K unique pregnancies across 30 states. Its current offerings allow providers and payers to manage patients and members via risk-based care modules, remote monitoring, and customized content across the maternal health care continuum, from conception up through one year postpartum.
Via a mobile app and internet-connected devices for remote monitoring, the company offers digital education and risk-specific experiences to allow providers to manage up to 90% of pregnancies virtually, allowing doctors to detect risk quickly and automate elements of care. Through a joint deployment model, the solution incorporates payers, who sponsor the use of the platform at participating sites to identify and triage member risk, improve care coordination and reduce costs, while targeting and reducing systemic racial and ethnic inequities in both maternal and infant outcomes.
FinSMEs
01/12/2021