With another $25 million in the bank, health tech company is hiring

HealthSnap, a virtual care management platform that helps health care organizations manage chronic conditions remotely, secured $25 million in a financing round led by Sands Capital.

The capital injection comes less than a year after the Miami startup raised $9 million, with the goal of adding hundreds of new jobs. So far it has attracted more than $48 million from investors, including Comcast Ventures, Acronym Venture Capital and the Florida Opportunity Fund.

HealthSnap builds software designed to help patients monitor chronic conditions such as hypertension, heart failure and Type 2 diabetes. The company's remote monitoring technology is intended to reduce visits to the doctor's office and improve patient health outcomes.

"Nearly half of the United States population is living with a chronic condition that requires ongoing monitoring and care beyond the walls of the physician's clinic," said co-founder and CEO Samson Magid. "We created HealthSnap to bridge that gap in care."

Chronic diseases such as heart disease, cancer and diabetes are the leading causes of death and disability in the U.S., according to the Centers for Disease Control and Prevention.

HealthSnap monitors data from connected devices like blood pressure monitors and glucose meters, and then transmits that information to its virtual care management platform. From there, the data is reviewed by licensed clinical staff.

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The ability to monitor patient health data from afar is an effective way to reduce health care costs by avoiding unnecessary trips to the hospital, according to the startup.

Health care organizations are on board, as well. Last year, HealthSnap entered into partnerships with Iowa's UnityPoint Health and Prisma Health, South Carolina's largest private, nonprofit health care system. It recently presented clinical data tied to hypertension patient outcomes at the American Heart Association's Scientific Sessions, an annual research conference.

"We look forward to expanding our reach to high-risk, high-cost chronic populations across South Carolina," said Angela Orsky, senior vice president, of value-based care and clinical integration at Prisma Health.

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Headquartered in downtown Miami, HealthSnap's team has more than doubled over the past year, with more than 400 employees across the U.S. The firm is actively hiring care navigator nurses, customer success managers and patient enrollment specialists.

"HealthSnap has grown as quickly and efficiently as any company we've seen in years, and this is coupled with their ability to demonstrate significant improvements in patient outcomes," said Sands Capital Managing Partner Scott Frederick.

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