HealthSnap

Overview

HealthSnap is a Miami-based company specializing in virtual healthcare management solutions, focusing on Remote Patient Monitoring (RPM) and Chronic Care Management (CCM). Founded in 2015 by Samson Magid, Chase Preston, Wesley Smith, Yenvy Truong, and Misha Kerr, HealthSnap aims to bridge gaps in healthcare accessibility through technological integration. The company has raised $48.5 million across multiple funding rounds, most recently a $25 million Series B round led by Sands Capital.

Recent Developments

In 2024, HealthSnap released its Clinical Outcomes Report, demonstrating significant improvements in chronic disease management, including reduced emergency visits and better control of hypertension and blood glucose levels.
July 2024: HealthSnap announced partnerships with over 150 healthcare systems, enhancing patient reach through improved remote care programs.
February 2024: Closed a $25 million Series B funding round to further expand its workforce and accelerate product development. Investor participants included Sands Capital, Comcast Ventures, and Florida Funders.
January 2024: The company reported a remarkable 500% growth in its operations, powered by expansions in their healthcare network and enhancements to their virtual care platform.
Throughout 2023 and into 2024, HealthSnap has focused on leveraging AI for predictive analytics in patient monitoring and condition management, marking a key strategic initiative to enhance care quality and reduce healthcare costs.

Attribute	Information
Founding Date	2015
Headquarters	Miami, Florida, USA
Founders	Samson Magid, Chase Preston, Wesley Smith, Yenvy Truong, Misha Kerr
Revenue	Not publicly disclosed
Profits	Not publicly disclosed
Key Investors	Sands Capital, Comcast Ventures, Florida Funders
Industry	Healthcare Technology
Number of Employees	Approximately 150

Early History

HealthSnap was conceived in response to inefficiencies observed by its founders in managing chronic diseases. Established in 2015, the company originates from Miami, where it capitalized on a burgeoning tech ecosystem to refine its proprietary Electronic Lifestyle Record™ (ELR). ELR allows healthcare providers to gather comprehensive lifestyle data directly at the point of care. Wesley Smith, instrumental in its development, provided the scientific underpinnings that informed the platform's design and success. This early strategic alignment towards integrating lifestyle choices with medical data paved the way for HealthSnap's unique positioning in the healthcare market.

Company Profile and Achievements

HealthSnap operates as a virtual care management platform that enhances how chronic conditions are managed and monitored. Its key services include:

Remote Patient Monitoring (RPM)
Chronic Care Management (CCM)
AI-driven predictive analytics
Comprehensive data integration from wearables and medical devices Major Achievements:

Raised a cumulative $48.5 million to date, supporting continuous innovation and market expansion.
Gained recognition as a digital health frontrunner, being selected as a quarterfinalist for the Digital Health Hub Foundation's Digital Health Awards in 2023.
Secured strategic healthcare partnerships with institutions such as UnityPoint Health, Prisma Health, and Tampa General Hospital.
Expanded its platform capabilities to offer seamless integration with existing electronic health record systems and new AI capabilities to enhance patient data insights.
Continuous recognition for excellent Clinical Outcomes, evidenced by increased patient engagement and reduced hospital readmissions.

Current Operations and Market Position

HealthSnap continues to set itself apart with an adaptable business model that empowers hospitals and physician groups with white-label solutions. Currently, the company holds a strong market presence across nearly 30 states, focusing on chronic conditions like hypertension, obesity, and diabetes. Its competitive edge lies in the true integration of lifestyle data, providing healthcare providers with actionable insights that directly inform patient care strategies. HealthSnap's RPM and CCM platforms are distinguished by proprietary technologies that align with current healthcare reimbursement models and policies, contributing to its sustainable growth and influence within the digital health sector.

Conclusion

HealthSnap has rapidly become a vital player in the virtual care management space, known for its innovative approach to chronic disease management. By leveraging cutting-edge digital tools and AI technologies, the company has shown consistent growth and adaptability, marking significant improvements in patient health outcomes. With its strategic partnerships and ongoing investment in technological augmentation, HealthSnap is well-positioned to continue influencing the healthcare technology industry and expanding its reach and impact on chronic care management. As it evolves, HealthSnap remains committed to enhancing the quality and accessibility of healthcare through innovation.