PocketHealth has secured a $33 million USD ($45 million CAD) in Series B funding. This funding round, led by Round13 Capital and with participation from Deloitte Ventures, Samsung Next, as well as existing investors Questa Capital and Radical Ventures, outlines the growing recognition of PocketHealth’s important role in reshaping healthcare delivery. Founded in 2016 by brothers Harsh and Rishi Nayyar, PocketHealth aims to revolutionize the way patients access, control, and understand their medical images, while simultaneously streamlining image exchange among healthcare providers.
The Series B investment injection is poised to fuel PocketHealth’s ambitious growth trajectory, with an emphasis on advancing AI capabilities to personalize the patient care journey. This aligns with the company’s mission to empower patients and optimize healthcare outcomes through seamless and intelligent image exchange. PocketHealth has already gained trust from over 1.5 million patients across more than 775 healthcare sites in North America, establishing itself as the largest team dedicated solely to medical image exchange in the region.
The benefit of PocketHealth’s platform is that it focuses on a patient-centric approach, which facilitates instant access to medical images and allows greater patient engagement. By leveraging AI-driven tools such as Report Reader and Follow-Up Navigator, PocketHealth gives patients personalized insights, enhances their understanding of medical reports, and encourages proactive involvement in their healthcare journey. This patient-centric ethos not only boosts patient satisfaction but also drives operational efficiencies and cost savings for healthcare providers.
The platform facilitates seamless image exchange among healthcare providers. PocketHealth offers a secure, next-generation platform that enables providers to effortlessly exchange diagnostic images with patients and external stakeholders. Through its innovative approach, PocketHealth eliminates the reliance on older methods such as CD-ROMs, thereby streamlining the image-sharing process and ensuring timely access to important medical information.
PocketHealth’s success stories show the tangible benefits of its platform for both patients and healthcare institutions. For example, Valley View Hospital in Colorado reduced non-labor costs associated with burning CDs by an impressive 95%, while Toronto’s Unity Health achieved large cost savings and operational efficiencies by leveraging PocketHealth’s image exchange capabilities. These real-world outcomes highlight the transformative potential of PocketHealth’s solution in optimizing healthcare delivery and enhancing patient care experiences.
PocketHealth’s successful Series B funding round is a milestone in its journey to revolutionize medical image exchange and patient engagement in healthcare. With strong investment led by Round13 Capital and supported by prominent backers like Deloitte Ventures and Samsung Next, PocketHealth is well-positioned to further enhance its AI-driven platform and expand its footprint across North America. By prioritizing patient-centric care and leveraging advanced technologies, PocketHealth gives patients seamless access to their medical images and facilitates efficient image exchange among healthcare providers. As the company embarks on its next phase of growth, it remains committed to driving positive outcomes for patients and healthcare institutions. With its innovative approach and dedication to improving healthcare delivery, PocketHealth is prepared to shape the future of medical imaging and patient care experiences.
