PatientPop, the California-based company that helps doctors grow their practice, announced today that it raised $50 million in a Series C funding round.
HLM Venture Partners led the round with participation from new investors Commonfund and Vivo Capital, as well as existing investors Toba Capital, Transformation Capital, and Silicon Valley Bank.
Along with the funding announcement, PatientPop added HLM partner Steve Tolle, Vivo Capital principal Nathan Dau, and former cofounder and CEO of athenahealth Jonathan Bush to its board of directors.
WHAT IT DOES
PatientPop touts itself as the “all-in-one solution powering the patient journey.”
Its platform helps practices attract patients online through a customized website and search engine optimization. It promotes patient engagement through surveys to help boost the practice’s online reviews. The platform also offers a fully-digital experience with online scheduling, telehealth options and electronic medical record integration.
WHAT IT’S FOR
PatientPop says it will use these funds to continue to provide practices with the tools they need to give patients the care they need both in-person and online.
"Our focus is to fulfill our mission to help practices thrive, even among rapidly changing healthcare and economic market conditions," said Luke Kervin, the PatientPop cofounder and co-CEO, in a statement. "This is more important than ever as providers quickly adapt their digital strategy and presence to attract and retain patients, and seek the technology and tools they need to successfully operate their practice throughout the COVID-19 pandemic."
The company has had a series of successful funding rounds prior to this. Most recently in June, it raised $15 million in Series A funding.
Competitors in the market include NexHealth, which brought in $4.2 million last year for product improvements and to expand to the west coast. Luma Health also completed a funding round last year totaling $16 million to help it pursue larger clients.
ON THE RECORD
"Behind every exceptional product in healthcare is the right team of people bringing it to life," said Travis Schneider, the PatientPop cofounder and co-CEO, in a statement. "Adding Steve Tolle, Nathan Dau, and Jonathan Bush to our board enhances our blend of experience that drives innovation, depth of knowledge, diversity of thought, and empathy for our customers, patients, partners, and employees."