Satchel Health gets $1M to bring connected devices, telehealth to post-acute patients

By Jonah Comstock
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Satchel Health, a company that uses connected devices to provide telehealth offerings to post-acute care providers, has raised just over $1 million in angel investments. The round was led by NueCura Partners, a healthcare-focused angel firm in Nashville, Tennessee, where Satchel is also based. 

“Our company is committed to making healthcare more accessible. We have a solid track record of delivering ROI to our customers, even as early as in the first 30 days after our platform is deployed,” Ryan Macy, chief executive officer and president of Satchel Health, said in a statement. “With additional support and expertise from our new board members and NueCura Partners, I am confident we will continue to elevate our service offerings and provide cutting-edge telemedicine solutions to augment traditional long-term care.”

The company launched 18 months ago and is already deployed in a number of sites across the country. 

Satchel’s platform connects patients in a nursing home or skilled nursing facility to remote care. This includes an automated questionnaire that triages the patient to the most appropriate clinician. In a video visit with the patient, the clinician can tap into data from connected devices including a stethoscope, pulse oximeter, EKG, and dermatoscope, which are operated by nurses onsite. 

In addition to the funding, Satchel has made two additions to its board of directors: Joe Ivey and Curt Thorne. Ivey, who joins the company as chairman, is an associate professor and executive director of the Lipscomb Center for Entrepreneurship at Lipscomb University and a previous Fortune 500 CEO. Thorne, an investor with NueCura, is the former president and CEO of MedSolutions (now eviCore), a medical benefits management company.

The board also includes Christopher Rand, founder and managing director of Tri-Star Health Partners, and Doug Ghertner, executive vice president of Change Healthcare.