Follow Higher, a follow administration platform for well being and wellness practitioners, scored a $27 million development funding led by 5 Elms Capital.
WHAT THEY DO
The Canadian firm affords a platform for well being and wellness professionals to handle a variety of companies, together with scheduling appointments, managing billing and funds, offering telehealth and messaging.
The funding will assist the corporate develop strategic partnerships and improve its platform. Follow Higher will even develop its know-how, go-to-market and customer-facing groups.
“When Follow Higher was based in 2016, it was getting into a market in determined want of innovation. Since then, the staff has dedicated to doing issues in a different way by placing shopper outcomes on the forefront of well being and wellness know-how and permitting the trade to interrupt freed from outdated and unscalable fashions. Its status as a disruptive pressure comes from years of dedication, and 5 Elms Capital is thrilled to assist its continued development,” Austin Gideon, companion at 5 Elms Capital.
MARKET SNAPSHOT
Follow Higher’s current funding comes after it obtained a $1 million funding in 2021.
Doctor burnout is an issue inside healthcare, with 63% of physicians reporting indicators of burnout, according to the American Medical Association.
A number of corporations intention to enhance suppliers’ workflow, together with Elation Health, which affords instruments for telehealth, affected person engagement and an EHR geared towards main care suppliers, and UpStream Healthcare, which supplies know-how and assist companies for value-based main care practices.
