Boston-based ACT.md, a care coordination platform that helps manage complex patients, has raised $8.4 million in Series A funding. Rose Park Advisors led the round.
BOSTON, July 21, 2015 /PRNewswire/ — ACT.md, the provider of a team-based care coordination platform for the management of complex patients, announced today a $8.4 Million Series A funding agreement led by Rose Park Advisors, a specialized investment firm that utilizes Clayton Christensen’s research to make intelligent and successful investment decisions. ACT.md will leverage this investment to accelerate product development and help manage the company’s rapid growth.
National leaders in healthcare informatics and operations – Dr. Isaac Kohane, Dr. Kenneth Mandl, and Ted Quinn – founded ACT.md. “We were inspired to launch ACT.md after observing for decades the constant dropped handoffs across the various providers caring for patients. So we created ACT.md as an operating system for team-based care that drives action toward improved outcomes and reduced costs,” said Dr. Kenneth Mandl, Professor at Harvard Medical School and Director of the Boston Children’s Hospital Computational Health Informatics Program.
Care teams need a way to jointly manage medical conditions in concert with mental, social, and functional limitations.
“ACT.md was built from the ground up to manage the complex interactions across care teams, driving teams toward common goals,” said Ted Quinn, Chief Executive Officer.
ACT.md provides an elegant and intuitive cloud-based technology complimented by a flexible workforce service offering. ACT.md connects all members of a dynamic care team and enables collaborative care planning and reliable execution of the plan through a “project management-like” approach. With ACT.md healthcare organizations scale best practice workflows, reduce duplication, and gain efficiencies.
“At ACT.md we are patients, caregivers, physicians, nurses, public health professionals, engineers, and operational leaders. We have experienced the significant challenges associated with managing complex care and are working to make life better for patients and everyone supporting them,” said Quinn.
“We see ACT.md getting hired to support team-based care delivery models because of their new approach to care coordination. We are proud to lead this round of funding seeing immense potential in their ability to move the needle – reducing costs, improving quality, and simply making care teams happier,” said Matt Christensen, Chief Executive Officer and Portfolio Manager of Rose Park Advisors.
ACT.md provides a team-based care platform comprised of both a HIPAA-compliant web-based software and professional coordination services. ACT.md is the national leader focused on creating the experiences necessary for care teams to effectively manage complex care for high-needs patients. With ACT.md healthcare organizations can engage in collaborative care planning, efficiently manage in-between visit care, and are enabled to make safe, reliable handoffs across the care continuum. To learn more visit http://ACT.md.
About Rose Park Advisors
Rose Park Advisors, LLC (RPA) is a specialized investment firm that applies the theory of disruptive innovation developed by co-founder Clayton Christensen to invest in companies whose business models are well suited to take advantage of industry change.