Fold Health Launches With $6 Million

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Fold Health&comma; the first interoperable digital health tech stack for primary care&comma; has launched with a funding round of &dollar;6 million from former Athenahealth CEO Jonathan Bush&comma; SkyFlow CEO Anshu Sharma&comma; Saama Technologies CEO Vivek Sharma along with Anand Chandrasekharan from General Catalyst&comma; Mohanjit Jolly from Iron Pillar&comma; Gokul Rajaram from Firebolt Ventures&comma; and more&period;<&sol;p>&NewLine;<p>Primary care physicians &lpar;PCP&rpar; spend an average of 36 minutes on administrative work per patient&comma; about double the amount of time as the average 18-minute visit&period; These workflow inefficiencies have led to burnout which almost 80&percnt; of PCPs say they are experiencing&comma; contributing to the nationwide PCP shortage&period; Fold Health is providing intelligent automations to improve patient engagement and reduce repetitive administrative tasks to help primary care practices shift focus to better outcomes for patients&period;<&sol;p>&NewLine;<p>Built with physicians&comma; Fold Health has created a first-of-its-kind&comma; all-encompassing operating system to help primary care practices supercharge existing investments in people&comma; resources&comma; and technology&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The existing fragmented systems were built decades ago to enable in-person sick care&comma; not proactive continuous and preventative care&period; With all of the technology now being retrofitted for the current environment&comma; the amount of time primary care doctors spend entering the same information into different systems&comma; has created a burden that makes it difficult to fulfill their Hippocratic oath for their patients&comma;” said Ram Sahasranam&comma; Co-Founder of Fold Health&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As a virtual-first primary care startup focused on the underserved&comma; we recognize that the one-size-fits-all models of healthcare don&&num;8217&semi;t work for everyone&period; The same can be said about the technology that powers much of this archaic industry&period; Fold Health enables our team to bring a customer-obsessed experience to our patients and providers on day one&&num;8221&semi; said Erik Cardenas&comma; CEO at Zócalo Health&period;<&sol;p>&NewLine;<p>Fold Health’s modular operating system can be layered on top of existing EHRs&comma; member management systems&comma; billing platforms&comma; and more&comma; to allow for one seamless experience that may reduce admin time by 60&percnt;&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As a direct primary care physician&comma; I have first-hand experience with the problems Fold Health aims to solve&comma; which is why I have been working hand-in-hand with the founders to ensure that the pain points I have on the backend of my practice&comma; which come from cobbling together various point solutions&comma; are alleviated with the addition of the platform&comma; which folds together my existing systems into one easy-to-use interface&comma;” said Dr&period; Ben Aiken&comma; family physician at Lantern Health and VP of Health at Decent&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Our experience building Praxify gave us insight into the paramount gaps affecting the healthcare industry&period; The lack of efficient and sustainable processes continues to serve as a substantial hurdle&comma; especially within primary care&comma;” said Abhijit Gupta Co-Founder and CEO of Fold Health&period; After in-depth discussions with PCPs and executives at digital health providers like One Medical&comma; Iora Health&comma; and Amazon Care&comma; we realized that there’s a clear need for a modern&comma; purpose built toolset to provide the consumer-focused experiences Americans are used to from other large industries like banking or travel&period;”<&sol;p>&NewLine;

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