Chicago startup Upfront Healthcare announced Tuesday that it raised $11.5 million from investors.
The Series B round was led by Baird Capital and LRVHealth. Other investors include Echo Health Ventures, Nashville Capital Network, Hyde Park Venture Partners and Martin Ventures.
The funding brings Upfront’s total capital raised to more than $21 million.
Launched by Ben Albert and Carrie Kozlowski in 2016, Upfront’s software analyzes visits at health care facilities. And using data science, it helps providers generate scheduling and logistics improvements that can make them more efficient and profitable. Upfront says it helps clients better prepare for patient visits and more appropriately assign patient visits to different staff members.
From the patient’s perspective, if their provider uses Upfront, they receive a link to a secure webpage with personalized and vetted information on their health care plan and details on their office visits. Since the onset of Covid-19, patients can also find useful information on when to seek medical attention for Covid and can receive daily check-ins from their providers via Upfront if they've been quarantined.
Earlier this year, Upfront told Chicago Inno that it had seen a considerable uptick in business as the Covid-19 pandemic overwhelmed the health care system and more hospitals were looking for ways to streamline work. Upfront said its number of clients has grown 10x and that revenue has doubled since last year.
Health care systems pay for Upfront on a subscription basis, but all Covid-related services are free, Albert said.
“We set out more than four years ago to help patients navigate the complexities of the health care system by delivering a cohesive and frictionless experience, and we have made great progress toward that goal,” said Albert, Upfront’s CEO, in a statement.
Albert also founded Care Team Connect, which was sold to Washington, D.C.-based Advisory Board Co. in 2013 for $35 million.
