Toba Capital Funds Invests in Healthcare's First Practice Growth Platform
Nov. 23, 2015
SANTA MONICA, Calif.– PatientPop, the first practice growth platform for healthcare providers, announced today the closing of a $10M Series A round of funding. San Francisco-based Toba Capital, which invests primarily in business software and technology-enabled services, exclusively funded the round. This brings PatientPop’s funding to a total of $13.3M. PatientPop previously had raised a $3.3M Seed round lead by athenahealth in March 2015.
“Our mission is to help practices grow, modernize their patient experience, and streamline their front office,” said Luke Kervin, PatientPops founder and co-CEO. “We’re thrilled to partner with Toba Capital and are looking forward to tremendous growth through this investment round.”
“Providers today recognize the front door of their practice has moved online; they realize the importance of having a professional web presence, good reputation, and a technology strategy that helps acquire and retain patients,” said Travis Schneider, PatientPop founder and co-CEO. “With PatientPop, physicians no longer have to spend countless hours and an exorbitant budget to cobble together this solution in piecemeal.”
The company’s platform manages everything from patient acquisition, retention, reputation, and analytics through a single interface synced to their Electronic Medical Records and Practice Management System.
PatientPop is defining a new category of software for healthcare practices. Today, practices utilize Electronic Medical Records to manage their clinical records and Practice Management Systems to manage their back office. Now, PatientPop is introducing a third category of software: practice growth.
Launched in October of 2014, PatientPop is one of the fastest-growing SaaS technology companies serving healthcare practices. The company has grown to more than 65 employees in its first year, and opened offices in Santa Monica, Las Vegas, and New York. It plans to use this capital to scale to more than 200 employees next year and expand its footprint across the United States.
“I view PatientPop as a trusted, reliable partner because their platform has helped me to become one of the top Optometrists in Beverly Hills, Calif.,” stated Kambiz Silani, OD. “Since joining PatientPop a little over a year ago, my new patient acquisition has increased by over 100% and my staff and I now have more time to focus on what we love — providing the best care to our patients.”
About PatientPop
PatientPop provides the leading practice growth platform for healthcare providers — an all-in-one platform that helps practices grow, modernize their patient experience, and streamline their front office. The company is headquartered in Santa Monica, Calif., and with offices in New York, NY and Las Vegas, NV. For more information, visit www.patientpop.com.
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