PatientPing closes $31.6M financing round

 

PatientPing announced it has received $31.6 million in Series B funding from Andreessen Horowitz and Boston-based Leerink Transformation Partners.

PatientPing said it will use the funds to double the size of its team and expand into new areas, as well as accelerate development of product enhancements.

Its flagship product is real-time notifications (“Pings”) to providers when patients are admitted, transferred or discharged from a facility.

Last year it  announced $9.6 million in seed and series A funding.

PatientPing's product spans across the entire continuum of care — acute, ambulatory, and post-acute facilities — regardless of EMR, provider network, or other factors, the company said.

“We are just getting started,” said Jay Desai, founder & CEO, PatientPing. “It's an important moment in history to modernize our country's healthcare IT infrastructure and we're thrilled to partner with the world's most innovative investors from both coasts to support us on our journey.”