F-Prime Capital leads Wellframe's $15M round to expand mobile patient engagement, care management platform

By Heather Mack
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Boston-based Wellframe, makers of mobile patient engagement and care management software, has raised $15 million in Series B funding led by F-Prime Capital. Existing investors DFJ also contributed, and the new capital brings the company’s total funding to date to $25 million.

Wellframe teams up with health plans and providers to offer a suite of customizable care plans that are designed to keep patients engaged via direct communication channels. The company’s platform includes a web-based clinician dashboard and a patient-facing mobile app and offers two-way messaging and care plans to amplify the reach of care capabilities within a health system. Last year, Excellus BCBS tapped Wellframe to offer its mobile platform as part of its Health Care Improvement team.

“With this financing, we’re well positioned to respond to growing market demand, while further expanding the scope of what we offer as a partner,” Wellframe CEO Jacob Sattelmair said in a statement. “The learnings and success we’ve achieved with our partners has informed a broader, bolder vision to transform care management and set a new standard for how healthcare organizations provide support to patients outside of the clinical setting.”

Some of Wellframe’s clients are reporting cost savings increasing by up to 50 percent per patient, the company said. At Blue Cross Blue Shield of Nebraska, the integration with Wellframe's mobile allowed the payer to get more out of resources allocated per member. 

“Our telephonic care management program does reduce per member medical expense, but coupled with the mobile platform, we see additional savings that more than double the savings of traditional care management -- in the order of magnitude of thousands of dollars per person,” BCBS of Nebraska’s VP of Provider Services Susan Beaton said in a statement.

F-Prime Capital Executive Partner Carl Byers will join Wellframe’s board of directors.

“Wellframe is poised to revolutionize care management as we know it. They’ve assembled a top-tier team dedicated to executing on a new vision for the improved delivery of clinical services and patient engagement,” Byers said in a statement. “There’s an untapped market opportunity here, as most healthcare organizations strive to realize the full potential of care management. Wellframe is demonstrating significant impact on healthcare cost and quality outcomes for their clients, and we are pleased to be working with them to build on this strong foundation to set a new standard for patient support.”