REACH Health Secures $7.4 Million in Funding
<0> Laura Campbell & Associates for REACH HealthLaura Campbell, 615-579-6599 </0>
REACH Health, Inc., the leading provider of telemedicine software solutions, announced today that it has secured $7.4 million in funding. The investment firms of Buckhead Investment Partners, Council Capital and C&B Capital participated in a $4.4 million equity financing. In addition, REACH Health secured up to an additional $3 million in debt from Silicon Valley Bank.
The funding from these nationally recognized healthcare investors will enable REACH to maximize growth opportunities as more health systems implement REACH’s comprehensive telemedicine solutions to improve outcomes and reduce costs. The capital will also support the company’s continued rollout of the REACH Access platform for specialties such as neurology, cardiology, pulmonology, psychiatry and stroke.
Clinically driven REACH Health telemedicine solutions integrate real-time audio/video technology with vital patient information, images, workflow and documentation. The company’s multidiscipline workflows meet the needs of a wide range of specialties while allowing healthcare systems to invest in a single technology platform.
“We are pleased to complete this round of funding and believe that the commitment of our financial partners further validates the significant growth opportunities ahead for REACH Health,” said Richard Otto, President and CEO of REACH Health. “Telemedicine is playing an increasingly important role for healthcare systems, hospitals and accountable care organizations that need to deliver timely, quality care to their patients in a cost-effective manner.”
REACH Health was a pioneer of telestroke, and today remains at the forefront of the industry, with technology solutions that help health systems achieve measurable improvements in their clinical, operational and financial performance. By providing better access to physicians and specialists – regardless of location or time – health systems can increase patient satisfaction and quality of life while significantly impacting outcomes.
REACH Health technology powers many of the nation’s largest, fastest growing and most successful telemedicine networks, helping health systems and accountable care organizations achieve measurable improvements in their clinical, operational and financial performance. REACH Health best-in-class software solutions combine real-time audio/video technology with vital patient data, clinical workflow and documentation to overcome the traditional obstacles of time and distance. By securely connecting physicians anytime, anywhere, REACH Health technology enables remote consultations, connects patients with specialists, and supports collaboration by clinical care teams. Physicians and clinicians embrace the ease of use of a single, intuitive platform tailored to multiple specialties. REACH Health pioneered one of the nation’s first telestroke programs and remains the innovation leader, providing the most advanced clinical solutions to improve population health and address today’s demanding healthcare mandates. For more information, visit .