CirrusMD, a Denver, CO-based telemedicine service provider, has clinched USD15 million in Series B funding round, which led by Drive Capital, Colorado Impact Fund and other existing investors, to accelerate the growth of its Chat-based virtual care solution. With this round, the company’s total funding reaches to USD26 million to date, according to the reports. Besides this funding round, the also divulged a new contract with Iron Bow, which has a contract with the US Department of Veteran Affairs (VA) for advanced care access and delivery for the veteran community.
CirrusMD’s chat-first virtual care tool is a HIPAA-compliant and enables users to connect to a physician, as well as allows them to share pictures or talk through phone or video. Through its model, CirrusMD teams up with payers and integrated delivery networks to provide its solution to their members and patients. As the company’s new contract with Iron Bow, veterans will be able to communicate with VA healthcare team members through the new VA Health Chat app, which will initially be rolled out to over 200,000 patients across three of the VA’s medical centers.
CirrusMD CEO and Co-founder Andrew Altorfer said that “Real-time communication between a doctor and patient not only improves outcomes but is expected in healthcare today. This latest round of funding enables us to bring seamless, chat-based virtual care to more people.” He further noted that “CirrusMD is leading the market in delivering instant, secure texting with board-certified physicians across all 50 states. We’re turning the antiquated, brick-and-mortar approach to care on its head. By optimizing member engagement and providing care where and when it’s needed, we can reduce out of control healthcare costs and deliver better patient care.”