KeyCare announced today that it closed $24 million in a Series A financing round for its virtual-first care platform built with Epic.
Chicago-based KeyCare designed a platform for offering health systems the ability to easily augment care teams and optimize capacity. There are partnerships with a nationwide network of virtual care groups.
On the platform, patients can schedule appointments with a variety of Virtualists via their own health system’s MyChart portal or call center. Virtualists then complete the encounter on KeyCare’s Epic platform, completing what KeyCare described in a news release as a “seamless experience” with interoperable records.
8VC, LRVHealth, Bold Capital, and Spectrum Health Ventures backed the funding round, KeyCare said.
“People expect a connected and convenient digital care experience,” said Alan Hutchison, VP of population health at Epic. “Rather than routing them through a disconnected, standalone system, KeyCare unifies the virtual care experience in concert with participating hospitals and health systems.”
The system launched last month
KeyCare last month launched its system by providing services to BHSH System’s Spectrum Health West Michigan Division. The company intends to use the proceeds of the Series A to increase its staff and to prepare for potential growth. The company expects increased demand for virtual care services from large healthcare organizations.
“We created KeyCare to make sure health systems had better options for expanding virtual care services to their patients in the most convenient and safest way possible,” said Dr. Lyle Berkowitz, founder and CEO of KeyCare. “Being part of the Epic community helps ensure we have an incredibly powerful tech stack with easy connectivity to the majority of health systems in the nation. And there is no better health system partner to kick things off with than the forward-thinking team at Spectrum Health.”
KeyCare said that it, along with Spectrum Health, will be presenting more details about their innovative use of the Epic platform and its Telehealth Anywhere technology at Epic’s User Group Meeting from Aug. 22–24 in Verona, Wisconsin.