Scene Health Secures $17.7 Million Series B Financing Led by ABS Capital Partners

Funding Will Grow Medication Adherence Services for Medicaid and Other Under-Resourced Populations Scene Health, the leading medication engagement company, has closed an oversubscribed $17.7 million Series B growth financing led by ABS Capital Partners with participation from existing investors Claritas Health Ventures, as well as Healthworx, the innovation and investment arm of CareFirst BlueCross BlueShield, PTX Capital, and Kapor Capital. The investment is the latest validation of Scene Health’s unique video-based platform, which empowers people to take medication properly through person-to-person connections, every day. This week’s funding announcement comes on the heels of: The recent CDC endorsement of video Directly Observed Therapy (video DOT) as equivalent to in-person DOT for tuberculosis treatment. Last week’s announcement of a $1.67 million National Institutes of Health (NIH) grant allowing Scene to provide medication adherence support to pediatric heart transplant recipients in Florida. Scene reaching a milestone of impacting more than 200,000 lives with over 40M engagements through its 360° model of care. Series B funding proceeds will enable Scene to further accelerate its ability to serve Medicaid and Medicare managed care plans, pharmaceutical companies, and clinical research organizations. This financing brings the total investment in Scene to over $25 million since its founding in 2014. “This is an incredible opportunity for Scene Heal...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT ABS Capital Partners Cal Wheaton CareFirst BlueCross BlueShield Chronic Conditions Claritas Health Ventures Health IT Funding Health IT Fundings Health IT Investment Healthworx Kapor Capital Medicai Source Type: blogs