NexHealth, a patient-engagement startup, announced that it secured $125 million in funding for its digital platform. The San Francisco-based company has a $1 billion valuation after this latest capital infusion.
This tool allows patients to interact with their care providers via mobile devices, tablets or computers. NexHealth CEO Alamin Uddin founded the company in 2017 to improve the digital patient experience for health systems and patients and make product integrations with electronic health records (EHRs) more efficient.
The patient-experience platform, which integrates with practice-management systems and EHRs, supports appointment scheduling, HIPAA-compliant messaging, secure texting and email, and online payments.
The company plans to leverage the new funding to develop a physician-facing platform and to expand its integration with EHRs and other systems.
NexHealth joins hundreds of other companies worldwide in an effort to develop innovative approaches to patient-engagement tools. An analysis released in April by Report Ocean reported that the global market for patient engagement solutions is expected to reach $68.71 billion by 2027.