What is CareSync?
Founded in 2011, CareSync is a prominent provider of software and services dedicated to chronic disease management. The company uniquely combines technological solutions with round-the-clock nursing services to enhance care coordination among patients, their families, caregivers, and all healthcare providers. CareSync offers both comprehensive turnkey Chronic Care Management services and a software-only option, enabling practices of any size to efficiently meet the billing requirements for CPT code 99490. Furthermore, its certified technology simplifies the process for providers to achieve Meaningful Use 2 for Data Exchange, Messaging, and Timely Access. At the core of CareSync's approach are patients, who gain access to their health information, actionable goals, and Comprehensive Care Plan tasks, leading to more productive medical appointments and improved health outcomes.
How much funding has CareSync raised?
CareSync has raised a total of $22.3M across 2 funding rounds:
Series A
$4.3M
Series B
$18M
Series A (2014): $4.3M with participation from Clearwell Group and Tullis Health Investors
Series B (2015): $18M led by Greycroft Partners, Tullis Health Investors, Clearwell Group, Harbert Venture Partners, and Merck Global Health Innovation Fund
Key Investors in CareSync
Clearwell Group
Clearwell Group is a family office focused on investment management and estate planning, likely bringing a long-term strategic perspective to CareSync's growth.
Tullis Health Investors
Tullis Health Investors is a private equity firm specializing in high-growth healthcare companies, indicating a strong belief in CareSync's market potential and scalability.
Greycroft Partners
Greycroft Partners, a venture capital firm with a focus on internet and mobile markets, likely provides strategic guidance and network access to accelerate CareSync's technological advancements.
What's next for CareSync?
The substantial enterprise-level funding and recent strategic investment indicate CareSync is poised for significant scaling and further innovation in the digital health and chronic care management space. This capital infusion will likely fuel product development, expand market reach, and potentially support strategic partnerships or acquisitions to solidify its leadership position. The company's focus on improving patient outcomes and provider efficiency positions it well for continued growth in an increasingly value-based healthcare environment.
See full CareSync company page
