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CirrusMD Earns $15M in Funding for Virtual Care, Will Focus on Veterans
The company partners with health plans to deliver virtual care to patients.
CirrusMD, a text-based virtual care platform, announced today that it raised $15 million in Series B funding to help the company grow and drive product innovation.
Drive Capital, Colorado Impact Fund and other prior investors led the funding round, which brings CirrusMD’s total amount raised to date to $26 million.
The company partners with health plans to deliver virtual care services to its members.
Members can access unlimited, on-demand conversation with a board-certified physician through CirrusMD. The organization claims that accessing virtual care through its platform takes mere seconds, via web or mobile app whenever and wherever patients please.
The platform, like most telehealth solutions, touts better access to care, a reduction in unnecessary emergency department visits and shortened wait times.
“Real-time communication between a doctor and patient not only improves outcomes but is expected in healthcare today,” said Andrew Altorfer, CEO and co-founder of CirrusMD. “This latest round of funding enables us to bring seamless, chat-based virtual care to more people.”
In addition to the funding, CirrusMD announced an agreement with Iron Bow Technologies, an information technology solution provider that has a contract with the U.S. Department of Veterans Affairs (VA).
CirrusMD will work with Iron Bow Technologies and the VA to raise awareness and drive use across the platform with a new app called VA Health Chat, which is designed to improve the health and wellness of the military veterans. They will gain access to communication with a VA healthcare team member through the app.
The platform will be available in May initially to more than 200,000 patients across three VA medical centers.
“By optimizing member engagement and providing care where and when it is needed, we can reduce out-of-control healthcare costs and deliver better patient care,” Altorfer said.
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