The tech-oriented health care startup just received $3.2 million in Series A funding and is already starting its next funding round.
[Photo copyright FabioBalbi via iStock]
Orb Health plans to hire 100 nurses in the North Texas area next year as the tech-oriented health-care firm expands treatment of chronically ill patients nationwide.
Demand for collaborative care is growing so fast the company just received $3.2 million in Series A funding and is already starting its next funding round.
“This funding is an important validation of our progress and vision for a new standard of technology-enabled, patient-centered collaborative care that ultimately advances healing,” Paul Oran, CEO and co-founder, said in a press release. “Providers are under enormous pressure to engage patients, leverage technology, and comply with ever-changing health care regulations.”
The funding will allow Orb Health to expand its cloud-based technology, optimize workflow, and encourage the use of wearable fitness and health care trackers and other proprietary health tools.
In a telephone interview, Oran said the funding led by Vernon Investments and Green Park & Golf “really supported our acceleration.”
Orb Health got its start at Dallas-based accelerator Health Wildcatters in 2014 and now is based in Phoenix. Oran still has strong roots in Dallas even with the company being based out-of-state.
“Orb Health is an emerging company that fills a critical need in our health care system.”
Orb Health specializes in managing care for patients with diabetes, cancer, and other chronic diseases. It helps patients, caregivers, and family members keep up with medication, appointments, and other treatments.
The nurses that will be hired in North Texas will engage with patients online and over the phone. That’s important because Medicare requires patients with chronic diseases have 20 minutes of non-face-to-face interaction with health care professionals per month.
Hubert Zajicek, CEO and co-founder of Health Wildcatters, said it’s important for these patients to receive attention between doctor visits.
“Orb Health is an emerging company that fills a critical need in our health care system,” he said. “You don’t just want them to go to the doctor and go home.”
The system uses cloud-based platform that complies with privacy laws and is accessible to everyone involved in the care of the patient.
All the patient activities are tracked using up-to-date chronic care management codes so they get maximum reimbursement from their insurance companies.