Overview

Collective Medical operates in the healthcare technology sector, focusing on health information exchange. The company offers a real-time care collaboration platform that helps healthcare providers coordinate care transitions and reduce unnecessary hospital stays. This platform utilizes ADT (admission, discharge, transfer) notifications to keep providers informed about patient movements and critical events. By connecting hospitals, health plans, and managed care organizations, Collective Medical ensures that all members of a patient's care team can collaborate effectively, leading to improved patient outcomes and reduced redundant tests. The platform is subscription-based, integrating with existing systems to provide insights into patient care histories. As the market shifts towards value-based care, Collective Medical's emphasis on real-time data sharing positions it as a significant player in enhancing care coordination and patient experiences.

Simplify's Take

What believers are saying

• Integration with telehealth platforms enhances real-time data sharing and patient monitoring.
• AI-driven predictive analytics improve proactive care solutions and patient outcome predictions.
• Expansion into behavioral health data improves coordination for mental health patient care.

What critics are saying

• Increased competition from Allscripts and Epic threatens market share.
• PointClickCare acquisition may lead to strategic shifts impacting business model.
• Integration issues with Nuance Communications could affect partnership effectiveness.

What makes Collective Medical unique

• Collective Medical offers a system-agnostic platform for real-time care collaboration.
• The platform uses ADT notifications to alert providers about patient movements and events.
• It connects hospitals, health plans, and MCOs to improve care coordination and outcomes.

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Funding

Total Funding

$46.2M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

Bessemer Venture PartnersKleiner Perkins

Notable Investors:

Bessemer Venture PartnersKleiner Perkins

$47,500,000

Series A

Nov 2017

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$47.5M

$100M