Cadence Solutions

Cadence Solutions

Remote monitoring for chronic disease management

About Cadence Solutions

Simplify's Rating
Why Cadence Solutions is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Healthcare

Company Size

201-500

Company Stage

Series B

Total Funding

$141M

Headquarters

New York City, New York

Founded

2020

Overview

Cadence Solutions focuses on remote patient monitoring and chronic disease management, primarily serving healthcare providers like clinics and health systems. Their technology enables healthcare providers to monitor patients with chronic conditions, such as hypertension and type 2 diabetes, outside of traditional clinical settings. This system is supported by a multidisciplinary clinical care team that enhances patient access and allows clinic staff to concentrate on patients with urgent needs. Cadence's services have demonstrated improved health outcomes and financial benefits, including reduced care costs and increased patient adherence to treatment guidelines. The company generates revenue by charging healthcare providers for its services, emphasizing its ability to enhance patient health while saving time and resources for providers.

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Simplify's Take

What believers are saying

  • Partnerships with BayCare and Ardent expand Cadence's reach in chronic care management.
  • $100M funding boosts Cadence's valuation to $1B, supporting growth and innovation.
  • Growing telehealth acceptance post-pandemic aligns with Cadence's remote monitoring services.

What critics are saying

  • Competition from established companies like Philips and Medtronic in remote monitoring.
  • Potential regulatory challenges from increased FDA scrutiny on digital health tools.
  • Data privacy concerns could harm reputation if patient data isn't managed properly.

What makes Cadence Solutions unique

  • Cadence specializes in remote monitoring for chronic diseases like hypertension and diabetes.
  • Their multidisciplinary clinical care team enhances patient access and clinic efficiency.
  • Cadence's technology reduces emergency visits and improves adherence to therapies.

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Funding

Total Funding

$141M

Above

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$100M
Cadence Solutions

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Parental Leave

Competitive PTO

Home Office Stipend

Charitable Donation Match program

Growth & Insights and Company News

Headcount

6 month growth

↓ -2%

1 year growth

↓ -3%

2 year growth

↓ -4%
Hit Consultant
Aug 20th, 2024
Baycare To Deploy Cadence’S Remote Patient Monitoring For Chronic Disease Management

BayCare to Deploy Cadence’s Remote Patient Monitoring for Chronic Disease Management. by Jasmine Pennic 08/20/2024 Leave a Comment. What You Should Know: â€“ BayCare, a healthcare system, has announced a strategic partnership with Cadence, a chronic disease management company, to implement a comprehensive remote patient monitoring and virtual care program. â€“ This collaboration aims to enhance the care of seniors with chronic conditions such as hypertension, congestive heart failure, and type 2 diabetes across Florida’s Tampa Bay and West Central regions.Proactive and Preventive Healthcare to Seniors with Chronic Conditions The program leverages Cadence’s advanced technology platform to collect real-time patient data, including weight, blood pressure, heart rate, and glucose levels. This information is shared with both the patient’s primary care physician and Cadence’s 24/7 clinical care team, enabling proactive intervention and personalized care.Cadence’s nurse-practitioner led care team provides continuous monitoring, medication optimization, and lifestyle guidance to patients. By identifying potential health issues early, the program aims to prevent hospitalizations and improve overall patient outcomes.“BayCare is continuously exploring avenues to enhance the well-being of our patients and the professional lives of our physicians, providers and team members. Our commitment extends to innovative care delivery solutions,” said Stephanie Conners, BayCare president and CEO

Chief Healthcare Executive
Mar 4th, 2024
Community Health Systems sees growth in remote patient monitoring

When Community Health Systems began developing its remote patient monitoring program, Dr. Lynn Simon says the organization moved intentionally, which has been a key in the program's success.

Colligo
Oct 11th, 2023
Webinar: Email Management Magic in Microsoft 365

In 2013, Jordan Uytterhagen founded Cadence Solutions, a leading Digital Transformation Services company partnered with Microsoft and OpenText.

Pharmaphorum
Jun 9th, 2023
Remote care specialist Cadence worth $1bn after raising $100m

Digital health startup Cadence has reached a heady $1 billion valuation just a few months after launch, thanks to a $100 million financing. The latest round, led by Coatue Management, comes just four months after Cadence came out of stealth mode with $41 million in backing for its remote care management platform that allows doctors to monitor patients at home and engage with them via video consultations and messaging services.

Business Wire
Jan 4th, 2023
Cadence And Ardent Health Services Launch Remote Care Management Program To Improve Care And Outcomes For Patients Outside Of Clinics

NEW YORK--(BUSINESS WIRE)--Cadence today announced a partnership with Ardent Health Services to implement a remote patient monitoring and responsive virtual care program across Ardent’s operations, which include 30 hospitals and 200 sites of care in six states. Cadence delivers personalized, consistent care and intervention as needed from home by collecting, analyzing, and responding to patients’ vitals daily as an extension of their care team.“At Ardent, we're looking at everything through the lens of the consumer – putting people at the center of the care model,” said Marty Bonick, Ardent’s President and Chief Executive Officer. “Health care is complex, but doing things the way we've always done them doesn't serve our patients or caregivers. Our partnership with Cadence embodies our purpose of caring for others by putting in place the technology and clinical protocols to deliver better care, alleviate unnecessary burdens on our clinicians, and improve the overall healthcare experience across all touchpoints.”The Ardent-Cadence partnership was first successfully rolled out at Utica Park Clinic in Ardent’s Tulsa, Oklahoma, market and will now be deployed in multiple markets over the next year. The solution underscores Ardent’s commitment to improving patient outcomes, reducing Medicare spending by preventing avoidable inpatient hospital admissions, and improving quality and access to care for all beneficiaries, particularly those with complex chronic conditions and serious illness.The program supports hypertension, congestive heart failure, and diabetes, with chronic obstructive pulmonary disease to launch later in 2023. With Cadence's digital infrastructure, Ardent’s remote care platform can support an increasing number of conditions, acuities, and devices over time.“Ardent and Cadence share a passion for using technology to create compelling patient experiences that improve the quality of patients’ lives

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