MADISON, Wis.–(BUSINESS WIRE)–Wellbe Inc., a healthcare company that makes care easier and more affordable with digital self-service tools for patients and providers, today announced more than $2 million in investment commitments led by HealthX Ventures with co-investment by WISC Partners.
“Wellbe connects patients and providers in ways that make healthcare more accessible, effective, and affordable”
Wellbe’s digital care management platform, called ConnectedCareTM, serves 21 healthcare systems in 16 states with solutions for orthopedics, bariatrics, cardiology, oncology, and other service lines. The new funding will provide strategic operating capital to accelerate Wellbe’s product innovation and expansion into new markets. It also will enable Wellbe’s continuing focus on client service and platform usability, which to-date has achieved satisfaction rates that exceed 90 percent for patients and care teams.
“We are excited these leading healthcare investors recognize the value Wellbe brings to patients and providers across the care spectrum. We look forward to expanding our market-leading platform to help more providers improve care and build trust with their patients,” said James Dias, Founder and CEO of Wellbe.
ConnectedCareTM increases patients’ engagement and satisfaction by providing actionable and easy-to-use information in real time throughout the care journey. Wellbe customizes the platform for providers to ensure they can continually track with each patient and communicate along the way. Also for providers, the automated platform enables higher performance with less work, assuring patients get the attention and care they need.
“Wellbe connects patients and providers in ways that make healthcare more accessible, effective, and affordable,” said Mark Bakken, Managing Partner of HealthX Ventures, who is joining the Wellbe Board of Directors. “Wellbe’s higher satisfaction ratings and better care outcomes demonstrate patients are healthier and happier with ConnectedCareTM, and demand among healthcare systems is growing for this kind of innovation and results.”
“As COVID rages and healthcare providers feel the squeeze of a turbulent labor force, Wellbe’s automated care platforms deliver efficiency and effectiveness that is increasingly valuable,” said Mike Splinter, General Partner of WISC Partners. “Wellbe’s customers report significant clinical and operational benefits from ConnectedCareTM, and we look forward to the company’s continuing innovation to expand the reach of their platform.”
Based in Madison, Wisconsin, for more than a decade, Wellbe is committed to easing the care journey by unleashing the power of patient-provider partnerships.
Published at BusinessWire.com; August 31, 2021
Contacts
David Polet
608-440-8105
david.polet@wellbe.me
The epitome of an entrepreneur, Mark has seen the peaks and valleys of starting, operating, and assuming the risks of a new venture. He’s come up against payroll, had a few bad hires, and even swept the floors early on. Collectively, Mark’s companies have done over $360 million in sales and raised more than $38 million in venture capital, and he has successfully bought and/or sold eight companies.
James believes technology, when creatively applied, can improve our life experiences. Intrigued by the amazing potential for internet and mobile technology to engage us all, James created a business model to reshape personal health management.
Mike Splinter, an electrical engineer and innovator, has played a major role in driving advances in the high tech industry, with more than four decades of executive leadership experience including 12 years with Applied Materials, Inc. where he was served as chairman and CEO, and over 20 years with Intel, where he was executive vice president of sales and marketing, and executive vice president of the Technology and Manufacturing Group.
Mr. Baldwin was most recently Chairman and CEO of Baxa Corporation, a leader in devices, systems, and software for the handling, packaging, and tracking of fluid medications in a critical care setting. Under his leadership from 1997 until its sale to Baxter Corporation in 2011, the company sales grew from $25 million to over $170 million. As CEO, he led the eight-member board of directors and led a minority recap resulting in Goldman Sach’s private equity group owning 27% of the company. He was also an early investor and lead director in Pharmacy OneSource, an innovative software-as-a-service business that had a successful exit in 2010.