PocketHealth, a platform that enables patients to access their medical imaging, announced it secured $33 million in an all-equity Series B funding round led by Round13 Capital.
Deloitte Ventures participated in the round, alongside Samsung Next and existing investors Radical Ventures and Questa Capital.
WHAT IT DOES
PocketHealth provides an AI-enabled platform that allows patients to access their medical imaging and other health records, which they can then share with the provider of their choice. Patients also have access to MyCare Navigator, where they can get answers to health-related questions and preventive care recommendations.
Providers, in turn, can share images with their patients and set personalized appointment reminders.
The company plans to use the new capital to expand its workforce over the coming years and scale its offerings across the U.S. and Canada.
“Medical imaging is the spark to nearly every patient journey, yet manual and legacy image sharing systems deemphasize patient access to their own data, generating unnecessary costs and delaying patient care,” Rishi Nayyar, cofounder and CEO of PocketHealth, said in a statement.
THE LARGER TREND
PocketHealth secured $16 million in Series A funding in 2022. At the time, the company said the funds would help fuel product innovation, expand its workforce and build new partnerships.
Giving patients access to their medical records has been shown to empower them to adhere to treatment recommendations, especially for patients with chronic conditions.
Another company helping patients access their medical records is health technology company PicnicHealth. In 2022, it scored $60 million in Series C funding, two years after landing $25 million in Series B funding.
PicnicHealth has also announced several partnerships with pharma giants, including AstraZenca and Roche and its subsidiary Genentech. The deals allowed the pharmaceutical companies to access PicnicHealth’s set of de-identified patient records to gain insights about certain diseases and treatments.
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