Pinpoint Care secures $11M
Bundled payment and care coordination company Pinpoint Care secured $11 million in funding from private investors and existing customers.
The company has a care coordination software-as-a-service platform to help with personalized care planning.
PinpointCare developed a platform with bundled services for orthopedic procedures in 2014, the company said. The Illinois Bone & Joint Institute used it for over a year and, due to success in lowering readmissions and reducing costs, was cited by the Centers for Medicare & Medicaid Services as one of the most successful examples of its pilot program (Bundled Payment for Care Improvement).
The platform is now used by 66 customers and works as a simple app-as-a-service technology. Its solution is physician-led and administered at the point of care, reducing the need for call centers and other add-ons.
“It eliminates long and complicated projects with easy implementations, zero infrastructure footprint, and significant speed-to-value, while putting the entire PAC network in the hands of each care team member,” says Adam Hoffman, Chief Technology Officer of PinpointCare.