What is WellTrackONE?
WellTrackONE specializes in enhancing patient wellness journeys through Annual Wellness Visits and associated services. Their comprehensive offerings encompass Health Risk Assessments, Risk Adjustment, and Chronic Care Management, primarily serving senior living facilities and healthcare providers. By streamlining the data collection and CMS-compliant reporting process for wellness visits, WellTrackONE empowers healthcare practices to improve patient care and boost revenue. The company's solutions are also instrumental in supporting MIPS and MACRA compliance, providing essential risk adjustment codes and clinical recommendations.
How much funding has WellTrackONE raised?
WellTrackONE has raised a total of $5.3M across 5 funding rounds:
Private Equity
$891K
Series A
$1.5M
Private Equity
$1.9M
Private Equity
$774K
Debt
$187K
Private Equity (2014): $891K, investors not publicly disclosed
Series A (2015): $1.5M led by BioAdvance and Easton Capital Group
Private Equity (2016): $1.9M, investors not publicly disclosed
Private Equity (2017): $774K, investors not publicly disclosed
Debt (2021): $187K backed by PPP
Key Investors in WellTrackONE
BioAdvance
BioAdvance Capital is an investment firm focused on early-stage life-science companies in the Mid-Atlantic region, aiming to improve human health and quality of life. The company operates as an evergreen fund, maintaining a long-term investment perspective.
Easton Capital Group
Easton Capital Investment Group manages approximately $200 million on behalf of a number of significant institutional investors in its three funds. Easton makes investments ranging in size from $2 million to $7.5 million and has strategic co-investment relationships with many of its institutional investors.
PPP
Public-Private Partnership
What's next for WellTrackONE?
The substantial enterprise-level funding WellTrackONE has attracted suggests a strategic focus on scaling operations and expanding its market reach. With a clear emphasis on improving patient outcomes and revenue for healthcare providers, the company is well-positioned to capitalize on the growing demand for integrated wellness and risk management solutions. Future growth is likely to involve further technological advancements in data analytics and reporting, alongside strategic partnerships to broaden its client base within the healthcare sector.
See full WellTrackONE company page
