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 design and manage care programs without needing to write code, making it user-friendly for clinicians. This codeless approach 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, which is essential for effective healthcare delivery. Welkin Health operates on a Software-as-a-Service (SaaS) model, providing access to its software via subscription, with fees varying 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

• AI-driven predictive analytics enhance patient care and optimize pathways.
• Telehealth and remote monitoring expansion boosts multi-channel communication capabilities.
• Demand for personalized medicine allows tailored care management solutions.

What critics are saying

• Emerging startups with similar platforms may erode market share.
• Rapid tech advancements require continuous updates, straining resources.
• Dependency on DrFirst for e-prescribing could pose risks if partnership falters.

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-care team interactions.
• Welkin Health's SaaS model allows flexible subscription-based access to their software.

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Funding

Total Funding

$29M

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