Third Eye Health raises $1M+ to expand telemedicine platform

Third Eye Health, a telemedicine startup that has focused on applying its platform to telestroke and other use cases, has raised just over $1 million, according to a Form D filing. The new funding for the business follows the move by Third Eye Health to expand its customer base, which includes hospitals and long-term care facilities, to reduce unnecessary hospital admissions.

TLSG made the investment in the business, Third Eye Health Founder and CEO Daniel Herbstman told MedCity News in a brief phone interview. The company has previously received seed funding from Healthbox.

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“The funding will be used to ramp up sales and marketing and to enhance our technology offering,” Herbstman said.

Third Eye’s technology is designed to extend the reach of healthcare providers through a secure, HIPAA-compliant, mobile platform for sharing video, audio, and data in real-time, with tools such as smart glasses and other connected devices. The company believes this approach can support real-time consultations from healthcare facilities, emergency medical services vehicles and patients’ homes and other locations, according to the company’s website.

“We are continuing to work with hospitals but we’re partnering with nursing homes to reduce transfers to hospitals and admissions to hospitals…Really it is for any type of issue that could cause these patients to go to the hospital, including chronic conditions such as congestive heart failure and COPD,” Herbstman said.

Third Eye Health plans to release data from study findings with partners in the first quarter of 2017, said Herbstman.