New York City-based CareDox has raised $2.8 million in a round led by Texo Ventures and Prolog Ventures for its online and mobile platform that stores student health data. CareDox also raised $1.5 million in venture debt agreement with Western Technology Investment.
Existing CareDox investors include First Round Capital, Charles River Ventures, Band of Angels, and Giza Ventures. This brings the company’s total funding to $6.9 million to date. The company raised its last round in August 2015.
CareDox was rebranded from another product, called MotherKnows, which was an online health record service that allowed parents to view their child’s medical records via the web or mobile applications.
“What we learned from the MotherKnows experience was that the main reason people were signing up had nothing to do with health but had something to do with schools, which gave us a real insight,” CareDox CEO Hesky Kutscher told MobiHealthNews. “Schools are really... [what make] this work. That’s what’s driving people to engage with their health. And it made us realize, schools are the largest health delivery network, the largest health organization, by far in this country. The K-12 schools manage health for over 50 million kids and it’s actually bigger than that because they see them almost every day. Which health organization manages this mass, this often? And I think we know the answer is no one.”
Schools and parents can use CareDox’s online and mobile-enabled system to store students’ data. Academic institutions' health providers will have access to a student’s immunization records, medical history, allergies, medications, and special dietary needs. CareDox believes this platform will help parents avoid filling out forms with this data every year before school starts.
The platform syncs with the student information system, the State Immunization Registry, and providers’ EMRs. It also offers tools for nurses to help them with enrollment, approvals, daily visits, medications, screenings, and secure messaging, which they can use to communicate with parents. CareDox also offers schools a reporting module, which provides analytics about student health and safety.
Kutscher said the first two school districts to sign with CareDox, Chicago and Broward, which is in Florida, are two of the top 10 largest districts in the US. CareDox now works with 2,000 schools and the company serves more than one million public school students across 28 states. The company will use the funds to both grow their business in the public school sector and develop strategic partnerships with leaders in the pediatric health field.