Hello Health, which integrates an electronic medical record, practice management capabilities and a patient health portal on a single, secure platform, has raised $10M through its parent company, Myca Health. The equity capital was privately funded by a select group of investors.
Hello Health executives announced the investment Feb. 28. It follows the results of a Deloitte Center for Health Solutions study released Feb. 27 that shows physicians have been slow to use IT for engage patients.
Hello Health executives call their technology a patient management platform that allows independent primary care physicians to transition from paper to electronic medical records and to provide a patient health portal through a subscription-based plan.
As they explain it, patients pay a small fee for the ability to schedule appointments, request lab results, renew prescriptions, share medical information and communicate (via HIPAA-compliant e-mail, instant messaging and video consults) with their doctors and medical health professionals. The Hello Health Patient Management Platform was developed to provide an improved revenue stream for physicians while also enhancing patient engagement and providing better time and workflow management, all of which combine to strengthen the independence and sustainability of a practice, company sources said.
“This latest round of financing shows support for our mission: to empower physicians seeking to provide the best care for patients while maintaining their independence as practitioners, said Nathanial Findlay, founder and CEO of Myca Health. “The initial acceptance of Hello Health’s offerings, through word-of-mouth discussions among physicians, and this latest funding, enables us to increase awareness and continue to advocate for the independent physician.”
“We are pleased with the progress Hello Health has made,” said Anna Haghgooie, managing director of Sandbox Industries, exclusive fund manager of BlueCross BlueShield Venture Partners, a $300 million corporate venture fund sponsored by BlueCross and BlueShield Plans. “With Hello Health, Myca has developed what could be the operating system that powers the primary care practice of the future.”
“Hello Health makes every aspect of what I do easier,” said Gary Leeds, MD, a Manhattan-based independent primary care physician. “From e-prescribing to reviewing records to scheduling appointments, this Patient Management Platform offers a unique set of benefits and is rapidly helping us achieve our goal of a cloud-based patient management solution.”