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ChartSpan Raises $15M in Series A Funding for Chronic Care Management Platform
The technology integrates with electronic health records and can help providers address patients’ social needs.
ChartSpan, a managed service provider for chronic care management platforms, announced this week it raised $15 million in Series A funding to scale its operations nationally.
BIP Capital led the funding, with additional investments from Blue Heron Capital, Bailey Southwell & Co., C&B Capital and Service Provider Capital.
“ChartSpan’s innovative solutions address the growing burden of chronic care management by reducing cost and improving healthcare outcomes,” said Mark Buffington, CEO of BIP Capital.
The provider offers a service for merit-based incentive payment system compliance, chronic care management and annual wellness visits. The company claims that patients and providers can see increased engagement, better adherence to prescribed care and better outcomes.
The ChartSpan platform aims to take care of patients between office visits by allowing mobility and needs-based solutions.
Through care coordination, providers can optimize hierarchical condition category scoring and help ensure accurate beneficiary attribution for a shared savings plan, accountable care organization or capitated reimbursement model.
Patient care coordination programs can deliver savings and increase reimbursements while providing patients with care tools they need, according to the company.
ChartSpan can be integrated with electronic health records and can extract patient clinical data and demographic reports.
The company claims the use of the program will not interrupt day-to-day workflow, a major challenge at the intersection of healthcare and technology.
ChartSpan manages care coordination and value-based programs for more than 100 practices and health systems in the U.S.
Jon-Michial Carter, CEO of ChartSpan, said the funding will help the company expand its presence outside the Southeastern U.S.
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