Validic Inc., a market-leading digital health and remote care company dedicated to improving people’s lives by making personal data actionable, announced today that it has closed a $12 million funding round led by Kaiser Permanente Ventures. Existing and new investors in the company included Arkin Digital Health, Green Park & Golf Ventures, Ziegler, Gore Range Capital, Greycroft Partners, and SJF Ventures.
Validic plans to invest the newly raised funds in its digital health and remote care platform, which has set the standard for EHR integration of digital health data alongside existing clinical data within the clinician workflow, ensuring the most complete and up-to-date patient health data is always available.
Validic’s funding follows broader efforts to secure better healthcare access made possible by digital technology, such as plans to extend telehealth flexibilities beyond the COVID-19 Act. The global remote patient monitoring market is expected to be worth $1.5 billion in 2022, with a CAGR of 20% from 2022 to 2030, for a total revenue of $6.7 billion in 2030.
Validic recently partnered with Oracle Cerner as part of its EHR integration plan to provide its technologies to Cerner Millennium® clients. Validic’s products are used by leading healthcare institutions to provide high-touch and tailored chronic condition management, remote care, and healthy living assistance.
Because its clinical workflow integration gives providers access to remote care data and clinical escalations without changing how they work, Validic’s platform is the only remote care and chronic condition management solution on the market that can easily scale to entire populations without additional staff or resources. According to a client study, 88% of physicians believe Validic’s embedded EHR remote care solution saves them time.
