Healthcare provider and insurer UPMC has led a $17m series B round for US-based cloud healthcare company Vivify Health as part of a strategic agreement, MobiHealthNews has reported.
The round is the same which vivify began raising in late 2014 and includes laboratory services provider LabCorp and outsourced medical services provider Envision Healthcare Holdings.
Founded in 2009, Vivify provides cloud-based healthcare to remote patients through mobile devices. More than 500 US health organisations use the technology for functions such as virtual care visits, remote patient monitoring and patient education.
Tal Heppenstall, president of UPMC’s UPMC Enterprises commercialisation unit, said: “After an extensive evaluation of a number of companies, Vivify Health clearly stood out to us as the one best aligned to deliver patient-centred remote care across UPMC’s integrated payer/provider system.
“As we deliver care under an increasingly risk-based reimbursement model, we are excited to become a customer, development partner and investor in Vivify’s scalable population health management technology. Backing this kind of innovation to solve critical healthcare problems is at the heart of our mission at UPMC Enterprises.”
Ascension Health Ventures, the corporate venturing arm of medical services company Ascension Health, and care provider-backed venture firm Heritage Group Vivify invested $3.4m in Vivify in May 2013, before the company raised $3m from undisclosed investors in May 2014.