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Apply Higher, a apply administration platform for well being and wellness practitioners, scored a $27 million progress funding led by 5 Elms Capital.
WHAT THEY DO
The Canadian firm provides a platform for well being and wellness professionals to handle a variety of providers, 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. Apply Higher will even broaden its expertise, go-to-market and customer-facing groups.
“When Apply 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 otherwise by placing shopper outcomes on the forefront of well being and wellness expertise and permitting the trade to interrupt freed from outdated and unscalable fashions.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 help its continued progress,” Austin Gideon, accomplice at 5 Elms Capital.
MARKET SNAPSHOT
Apply Higher’s current funding comes after it acquired 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 firms purpose to enhance suppliers’ workflow, together with Elation Health, which provides instruments for telehealth, affected person engagement and an EHR geared towards main care suppliers, and UpStream Healthcare, which supplies expertise and help providers for value-based main care practices.
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