Telehealth Platform KeyCare Raises $24M Series A
While the country is no longer under strict Covid-19 restrictions and hospitals and healthcare centers are open to the public for non-emergency visits, virtual and remote care options are still popular options. In fact, companies focused on providing virtual care are growing in popularity while also securing new venture funding.
Chicago and Madison-based KeyCare was founded as a virtual-first healthcare platform connecting patients with professional caretakers remotely. On Wednesday, the company announced that it closed a $24 million Series A round that included investment from 8VC, LRVHealth, Bold Capital and Spectrum Health Ventures.
“KeyCare is addressing health systems’ critical need for staffing options that provide patients with high-quality, integrated virtual care,” Sebastian Caliri, a partner at 8VC, said in a statement. “KeyCare is in a unique position to improve patient access, expand provider capacity, and streamline care delivery across the country.”
Patients are fond of remote care options due to their convenience and availability. According to consulting firm McKinsey & Co., adoption of telehealth use has skyrocketed from 11 percent before the Covid-19 pandemic to 46 percent in 2020.
KeyCare’s platform has many features that patients love such as 24/7 access to virtual urgent care in all 50 states and a wide network of independent health providers on the platform. For care providers, the company’s platform features multiple ways to connect with patients as well as tools for prescriptions and billing, among other tools.
“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,” Dr. Lyle Berkowitz, founder and CEO of KeyCare, said in a statement.
With the funding, KeyCare is preparing new initiatives to grow and will seek to increase its internal headcount.