Pittsburgh-based health care technology startup, ThoroughCare, announced that it has received a $3 million investment from Cypress Growth Capital, a revenue royalty-based growth capital investor based in Dallas, Texas.
ThoroughCare provides digital care coordination solutions to over 600 health clinics and physician practices, with software platforms dedicated to annual wellness visits, remote patient monitoring, chronic care management and more. The company said that it plans to use the investment to enhance its platform technology and expand into new markets.
“This capital investment recognizes the mission and value proposition of ThoroughCare to help simplify care coordination and value-based care delivery through digital solutions,” said Dan Godla, founder and CEO of ThoroughCare. “Through this funding, we look forward to growing our team and expanding our reach to provide software solutions that enhance clinical and operational efficiency for healthcare providers across the country.”
ThoroughCare also recently launched its ThoroughCare Analytics software, which allows physicians and physician practices to analyze patient data and health trends, something ThoroughCare says can help reduce costs by identifying inefficiencies.
“ThoroughCare has a proven SaaS solution serving a rapidly growing segment of health care,” Cypress Growth Capital Partner Pat McCaffrey said. “Dan and his team have built an exceptional business and it is poised for dramatic growth. Preserving their increasingly valuable equity is a top priority.”
ThoroughCare was founded in 2013, and its office is located in Allegheny Center on the North Side.
