What is CareSync?
Founded in 2011, CareSync operates at the intersection of health technology and clinical services. The company provides a comprehensive suite of tools designed to facilitate chronic care management, enabling healthcare providers to meet stringent billing requirements such as CPT code 99490 while simultaneously achieving Meaningful Use 2 compliance. By placing the patient at the center of the care ecosystem, CareSync empowers individuals with actionable health goals and direct access to their comprehensive care plans. This patient-centric approach not only improves health outcomes but also drives operational efficiency for medical practices of all sizes, positioning CareSync as a critical infrastructure provider in the evolving value-based care market.
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, Clearwell Group, Harbert Venture Partners, Merck Global Health Innovation Fund, and Tullis Health Investors
Key Investors in CareSync
Greycroft Partners
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets, leveraging an extensive network to help entrepreneurs build successful, high-growth businesses.
Tullis Health Investors
Tullis Health Investors is a private equity firm specializing in high-growth, commercial-stage healthcare companies, focusing on medical devices, technology, and specialty pharmaceuticals.
Harbert Venture Partners
Harbert Venture Partners is a private equity firm that makes strategic investments in technology, life sciences, and B2B commerce sectors across the United States and Europe.
What's next for CareSync?
Looking ahead, CareSync is well-positioned to leverage its recent capital influx to deepen its market penetration and refine its service offerings. The focus remains on expanding the reach of its turnkey chronic care management solutions, ensuring that providers can seamlessly integrate data exchange and messaging capabilities into their existing workflows. As the healthcare industry continues to shift toward outcomes-based reimbursement models, CareSync's ability to provide actionable data and 24/7 support will be instrumental in maintaining its competitive advantage. Future strategic initiatives will likely prioritize the enhancement of its software-only platform to accommodate the growing demand for interoperable health information systems, further cementing its status as a leader in the digital health sector.
See full CareSync company page
