Vivify Health Closes $17 Million Series B To Scale Remote Patient Monitoring Business

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Plano, TX-based population health startup Vivify Health has closed a $17 million Series B funding round led by UPMC and with additional investments from Envision Healthcare Holdings and LabCorp. The funding round was initially publicized in November 2014, when the team announced that it had raised $15 million but would continue soliciting investments. More than a year later, the company has finally closed the round, adding an additional $2 million for a $17 million total round. The new funding brings Vivify’s lifetime funding level to $23 million since its 2009 launch.

Vivify launched with the goal of building a data integration engine that would be marketed to health systems interested in capturing more information from medical devices and integrating that data with EHRs and patient portals. The company expanded on this vision later, adding a suite of tools that will engage with patients in the post-acute space while also aggregating and risk stratifying this data to help health systems more effectively allocate clinical resources. The company has sought out and secured investors with not only a financial interest in seeing the startup grow, but also a business interest. LabCorp CEO David King noted in the November 2014 announcement that the company was not only interested in the company’s financial future, but also in the potential collaboration opportunities that it could benefit from. UPMC, the lead investor on its current round, has also announced that it will not only be an investor, but also a customer as it implements Vivify’s software to reduce its overall cost of care burden.

UPMC will work with Vivify on software development in the coming years, and as part of the deal UPMC Executive Vice President Brenton Burns has been added to the Vivify board of directors. The team has already collected some strong selling points, including a 65 percent average readmissions reduction, a 95 percent patient satisfaction and compliance rate, and most importantly a 144 percent return on investment.

While the population health market has been flooded with investments in recent years, Vivify appears to be applying technology in the right ways and driving results and, in turn, has seen impressive growth within its customer base.


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