Overview

Welkin Health focuses on enhancing care coordination and delivery in the healthcare sector through its software solutions. The platform allows healthcare providers, such as hospitals and clinics, to create and manage care programs without needing to write code, making it user-friendly for clinicians. This codeless design enables easy adjustments to care plans, ensuring timely and appropriate patient care. Additionally, the platform facilitates multi-channel communication, improving interactions between care teams and patients. Welkin Health operates on a Software-as-a-Service (SaaS) model, providing access to its software via subscription, which varies based on user count and features. The company's goal is to merge human connection with technology to transform healthcare, emphasizing transparency and positive impact in its operations and client relationships.

Simplify's Take

What believers are saying

• Increased telehealth demand boosts Welkin Health's market expansion opportunities.
• Value-based care models align with Welkin Health's efficient care coordination tools.
• Remote work trends support Welkin Health's fully remote team model.

What critics are saying

• Emerging startups with similar platforms may dilute Welkin Health's market share.
• E-prescribing integration faces regulatory challenges across different states.
• Reliance on a remote team could lead to communication and timeline issues.

What makes Welkin Health unique

• Welkin Health offers a codeless platform for easy care program management.
• The platform supports multi-channel communication for effective patient engagement.
• Welkin Health's SaaS model allows flexible access and customization for healthcare providers.

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Funding

Total Funding

$28.2M

Below

Industry Average

Funded Over

3 Rounds

$17,500,000

Series B

May 2019

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

Below Average

Industry standards

Ind Avg. $35M

$4M

$17.5M

$30M

$45M

$65M

$100M

View all funding stages