
ThoroughCare
Digital healthcare company revolutionizing the way patient assessments are performed.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
* | $5.0m | Series A | |
Total Funding | 000k |
Related Content
ThoroughCare operates as a healthcare technology company, providing a software-as-a-service (SaaS) platform designed to help healthcare providers with value-based care programs. Founded in July 2013 by Dan Godla, the company originated from his experience in the healthcare technology industry, where he identified a need for more intuitive software for clinicians. Godla, a Penn State alumnus with a background in information systems, previously held several technology roles, including technical director in a medical services department, which gave him insight into the frustrations caused by inadequate software for clinical data.
The company's business model is centered on subscriptions to its cloud-based, integrated care coordination platform. This platform serves a wide range of clients, including independent physician practices, accountable care organizations (ACOs), health systems, and health plans. By 2022, the software was in use at over 600 clinics and physician offices. Revenue is generated by helping these organizations manage various Medicare programs such as Chronic Care Management (CCM), Annual Wellness Visits (AWV), and Remote Patient Monitoring (RPM), which in turn helps them maximize reimbursements and improve patient outcomes.
ThoroughCare's core product is a comprehensive, NCQA-prevalidated software solution that streamlines workflows for value-based care. It offers features for care management, data analytics, and patient engagement. The platform facilitates the creation of personalized care plans, allows for the monitoring of vital signs through integrated remote devices, and helps coordinate care among different providers. Key functionalities include automated eligibility checks for Medicare programs, tools for documenting patient interactions, and analytics dashboards that provide insights into clinical, operational, and financial data. The system is designed for interoperability, integrating with various electronic health records (EHRs) like athenahealth and PointClickCare, which allows for seamless data import and helps reduce manual data entry. This focus on integration and user-friendly design aims to solve inefficiencies in patient care, leading to better patient engagement and reduced revenue loss for providers.
The company has achieved significant milestones, including securing a $3 million Series A investment in May 2022 and another $5 million in a Series A round in late 2024. These funds were earmarked for expanding the sales team and further enhancing the platform's capabilities. Based in Pittsburgh, Pennsylvania, ThoroughCare has leveraged its location to access industry expertise and investment.
Keywords: care coordination software, value-based care, healthcare SaaS, patient engagement platform, chronic care management, remote patient monitoring, healthcare analytics, physician practice software, clinical workflow optimization, Medicare reimbursement, EHR integration, health-tech, accountable care organizations, digital health solutions, patient care planning, healthcare interoperability, annual wellness visits, population health management, Dan Godla, behavioral health integration