Funds will be used to strengthen its position as a leading technology and clinical services platform for care coordination and quality optimization, benefitting patients and payors alike.
MIAMIandNEW YORK,Jan. 4, 2023/PRNewswire/ -- Porter, the leading technology & services platform connecting members with personalized services, products, and care coordination, has raised a$5.4 millionSeries Seed round led by Grit Capital Partners, Old Line Capital, and JLC Family Office. With this financing, Porter will build on its growing market share as the most comprehensive solution for patients and payors looking to optimize care and quality. The company also announced thatGeorge Davis, of Evergreen Advisors and a Technoogy C-Suite advisor, andPhil Traylor, CEO of TapCloud and long-time healthcare innovator, have joined the company's board of directors.
行李搬运工人's approach and innovative model really caught our attention, especially since the company achieved its early growth on a small amount of capital," saidPaul Palmieri, Managing Partner at Grit Capital Partners. "Porter's combination of care coordination with strong data analytics and coverage insights, gives the company massive credibility with members. The company's deep understanding of risk adjustment and the payor ecosystem got us excited to invest in the disruptive alignment of interests that the platform brings to payors and consumers."
行李搬运工人connects members with the personalized services, products, and information they need —navigable content, a curated marketplace, coverage information, and a supportive online health community— so they can make informed health decisions based on speed, quality, and cost. Driven by powerful AI analytics, Porter's virtual Care Guide Team helps the member navigate the healthcare delivery system and secures the right support for each member's unique needs for care at home.
行李搬运工人's team of expert Clinicians perform comprehensive in-home assessments, complete with lab and diagnostic testing, all in concert with the member's designated Care Guide. By coordinating the complexities of each unique care journey, Porter closes the gaps that have the largest impact on quality measures, total cost of care, and risk adjustment, while providing member-centered care.
"Old Line Capital is excited to help Porter advance its innovative and comprehensive service offering to support health insurers and at-risk providers", statedJohn Kessler, Old Line Capital's General Partner and Deal Lead for Porter. "OLC is confident that the marketplace will benefit from Porter's more advanced technology and its more member-centric care model."
"We are excited to partner with this experienced set of investors and board directors", addedJohn Criswell, Founder & CEO. "Gaining their wisdom and financial support in step with our growth is positioning us well to deliver on the model we're building here at Porter."
波特是一个领先的医疗和服务计划tform for care and coverage coordination, delivering optimal outcomes. Porter delivers understanding, compassion, information and peace of mind for consumers. For the healthcare ecosystem, it aligns member optimal outcomes with key quality measures like star rankings, and total cost of care; while keeping the member's care experience at the center of each stop along their journey. Porter combines the power of data analytics with the power of care. For more information visitwww.helloporter.com
Grit Capital Partners invests in high potential entrepreneurs who seek to disrupt industries with technology and data – and are on a path to change the world. We are decidedly biased toward solutions that can catalyze entire ecosystems. Our focus is on ecosystem technologies bringing creative disruption to Financial Services, Commerce, Media and Healthcare IT.
Old Line Capital is a venture capital firm focused on the financing and development of early-stage technology startups inMarylandand the broader mid-Atlantic region.
Media contact:
Amy Onda
786-809-0983
[email protected]
SOURCE Porter
Share this article