About Collective Medical
Collective Medical provides a real-time care collaboration platform that enhances communication among healthcare providers, streamlining care transitions and reducing unnecessary hospital admissions. The platform uses ADT (admission, discharge, transfer) notifications to keep providers informed about patient movements and critical events. It operates on a subscription model and integrates with existing healthcare systems, offering valuable insights into patient care histories. The goal is to support value-based care by facilitating real-time data sharing and collaboration to improve patient outcomes.
Cottonwood Heights, UtahHeadquarters
2005Year Founded
$46.2MTotal Funding
SERIES_ACompany Stage
HealthcareIndustries
51-200Employees
Risks
Increased competition from Allscripts and Epic threatens market share.
PointClickCare acquisition may lead to strategic shifts impacting business model.
Integration issues with Nuance Communications could affect partnership effectiveness.
Differentiation
Collective Medical offers a system-agnostic platform for real-time care collaboration.
The platform uses ADT notifications to alert providers about patient movements and events.
It connects hospitals, health plans, and MCOs to improve care coordination and outcomes.
Upsides
Integration with telehealth platforms enhances real-time data sharing and patient monitoring.
AI-driven predictive analytics improve proactive care solutions and patient outcome predictions.
Expansion into behavioral health data improves coordination for mental health patient care.
Funding
Total raised$46.20 M
Latest valuation$237.50 M
StageSERIES_A