Minn. tele­health com­pany raises $17 mil­lion to ex­pand

Modern Healthcare - - REGIONAL NEWS - —Beth Kutscher

Zip­no­sis, a Min­neapo­lis-based tele­health com­pany that aims to au­to­mate the ini­tial steps of how pa­tients are triaged for care, has raised $17 mil­lion in a Se­ries A fi­nanc­ing round.

The pro­ceeds will al­low the 7-yearold com­pany to ex­pand its sales and mar­ket­ing ef­forts and bring new prod­ucts to mar­ket. It has about 17 clients, in­clud­ing Fairview Health Ser­vices in Min­neapo­lis, the Univer­sity of Alabama at Birm­ing­ham and John Muir Health in Wal­nut Creek, Calif.

Safe­guard Sci­en­tifics, a pub­licly traded ven­ture fund, led the fi­nanc­ing round, and was joined by As­cen­sion’s ven­ture cap­i­tal arm, As­cen­sion Ven­tures. Ex­ist­ing in­vestors Fairview Health Ser­vices, Hyde Park Ven­ture Part­ners, Arthur Ven­tures, Wa­ter­line Ven­tures and Om­pha­los Ven­tures also pro­vided fund­ing.

Zip­no­sis bills it­self as a vir­tual-care provider that helps di­rect pa­tients to the most ap­pro­pri­ate care set­ting. Pa­tients log on to a health sys­tem’s web­site or app and com­plete a ques­tion­naire about their con­di­tion. From there, the health sys­tem’s clin­i­cians de­ter­mine the next steps—whether that’s set­ting up a phone or video in­ter­view or e-pre­scrib­ing med­i­ca­tion.

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