D.C. maternal health startup Babyscripts has raised millions of dollars in fresh funding from a group of health systems and organizations amid heightened demand fueled by a pandemic-era surge in telemedicine.
The company, whose virtual obstetrics platform connects pregnant patients with their doctors, said Tuesday it has secured $4 million from what it’s calling its Strategic Partners Program. That network comprises existing Babyscripts customers Phoenix, Arizona-based Banner Health; York, Pennsylvania-based WellSpan Health; and the Froedtert & the Medical College of Wisconsin health network. It also includes the CU Healthcare Innovation Fund, part of the University of Colorado’s Anschutz Medical Campus.
“From the beginning, we’ve set ourselves apart from other tech companies by partnering with physicians to make sure that we’re developing solutions that will actually be useful and improve outcomes, not just look and feel ‘cutting-edge,’” said Babyscripts co-founder and President Juan Pablo Segura in a statement. “This investment is validation that health systems see the value of our solution — and they’re willing to put their money on it.”
The capital infusion enables the company to develop new products, accelerate its work in value-based care and create more partnerships with large insurers across the country, Segura said.Source: Bizjournals