Health IT

CareDox raises $16M Series B to support expansion into care management

With the Series B, the business added two new investors to its latest funding round — AI Life Sciences Investments LLC, which is affiliated with Access Industries, and 7wire Ventures.

CareDox, a New York-based digital health company that started as a business providing electronic health records for schools, is expanding into care management this year, said CEO and founder Hesky Kutscher in a phone interview. The news follows the close of a $16 million Series B round.

With the Series B, the business added two new investors to its latest funding round — AI Life Sciences Investments LLC, which is affiliated with Access Industries, and 7wire Ventures. Other returning investors included Digitalis, Prolog Ventures, StartUp Health, and Wanxiang Healthcare Investments.

Kutscher said that CareDox currently provides its health IT services in 38 states. But last year marked a significant shift with an expansion into providing influenza vaccines as part of a partnership with HealthySchools, a Florida-based public-private partnership to promote pediatric health. It is using CareDox’s technology to manage immunization workflows for delivering influenza vaccines at schools in the HealthySchools network. CareDox will also support well-care visits for children on Medicaid in the state. In Texas, it also supports school-based vaccine programs in the state.

“We will be adding eight to 10 states for our vaccine program within 12 months,” Kutscher said. “We will be expanding the well-care visits as well.” As part of its push into care coordination and care management, “we are adding what will be our first chronic disease with a very large provider in the next few months. And we will be doing more of that.”

He said the company expects headcount to double in size with the addition of 30 to 40 more people in the next twelve months.

With the company’s expansion plans, Kutscher said the company’s reach will expand from 5 of children in the U.S. to 20 percent, roughly 10 million children, by 2020.

“We have a huge opportunity and responsibility to improve pediatric care by digitally connecting the real care team – school nurses, parents, pediatricians – around the child, wherever they are,” he said in the press release.

Photo: Getty Images

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