MedCity News February 21, 2024
HealthSnap closed a $25 million Series B funding round led by Sands Capital. The Miami-based company seeks to help providers better care for a rapidly aging and chronically ill population through its remote patient monitoring platform.
The country’s treatment modalities for chronic conditions are “completely backwards,” according to HealthSnap CEO Samson Magid. Four million Americans age into the Medicare program every year, and most of them have two or more chronic conditions — resulting in billions of dollars annually in preventable healthcare costs — he pointed out.
This hulking problem is why Magid helped found HealthSnap in 2015. The Miami-based company helps healthcare providers reinvent their approach to chronic conditions management through home-based remote patient monitoring. On Wednesday, the company...
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