What is WellTrackONE?
WellTrackONE specializes in enhancing patient wellness journeys through Annual Wellness Visits and associated services. The company offers Health Risk Assessments, Risk Adjustment, and Chronic Care Management solutions, 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. Their platform also aids in MIPS and MACRA compliance, providing essential risk adjustment codes and clinical recommendations to clients.
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.
What's next for WellTrackONE?
The recent major strategic investment positions WellTrackONE for accelerated expansion and further development of its innovative healthcare solutions. With a focus on improving patient outcomes and provider revenue through efficient wellness visit management, the company is poised to capitalize on the growing demand for integrated health tech services. Future growth is likely to involve scaling operations, enhancing technological capabilities, and potentially exploring new market segments within the healthcare ecosystem. The company's ability to support compliance with regulations like MIPS and MACRA will remain a key differentiator.
See full WellTrackONE company page
