CirrusMD Announces $20 Million in Series C Funding
DENVER, March 31, 2021 /PRNewswire/ -- CirrusMD, the fastest-growing provider of on-demand virtual care services, today announced that it has raised $20 million in a Series C round of funding led by Blue Venture Fund, with participation from 7wireVentures, Drive Capital and the Colorado Impact Fund, bringing total funding to $46 million. This round of funding will carry the company through its next phase of growth, as it continues to expand solution capabilities, enhance user and provider experiences, increase scalability, and drive innovation to support employer and health plan customers.
Series C Funding
"CirrusMD's text-first virtual care platform finally provides consumers with the ability to connect with a provider on their own terms – receiving healthcare when and where they want it," said David Schonthal, Operating Partner at 7wireVentures. "We have been impressed with CirrusMD's unwavering commitment to improving the consumer experience, their superior ongoing engagement rates, and the extensive relationships they have built with leading health plans and employers across the country. We know that CirrusMD will play a critical role in the transformational story of virtual care."
Unique Experiences for Physicians, Ptients and Customers
"Unlike any other telemedicine solution, CirrusMD's physician-directed, multi-specialty care model has proven scalable and effective in meeting the needs of this rapidly changing environment," said Andrew Altorfer, CEO, CirrusMD. "Our goal is to meet the patient where they are, in the way they want to communicate. We've enhanced our technology and focused on exceptional user and physician experiences, while doubling the size of our physician network. Today we're providing collaborative virtual care for patients in all 50 states, across a wide range of conditions including behavioral health, an area of increasing need during COVID-19."
A Care Model for the Modern World
The CirrusMD platform and Provider Network currently:
"Based on the millions of encounters that we have managed, we have built an entirely unique data set due to our text-first workflow. Nearly every encounter is fully transcribed," added Altorfer. "This provides us with a very interesting data opportunity to move telemedicine from being a reactive solution into one that is proactive. We can create cohorts that will allow us to better engage patients across disease states and help them manage their medical needs through analytics and proactive interactions."
Building on Success
Learn how CirrusMD is transforming virtual care: cirrusmd.com
About the Blue Venture Fund
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