HealthSnap, the pioneer and category leader in AI-powered virtual care management, announced it has secured a $25 million senior-secured growth financing facility led by Eastward Capital Partners, LLC. The new facility strengthens the company's balance sheet, refinances existing debt, and provides significant additional capital to accelerate artificial intelligence innovation, expand commercial operations, and scale deployment of its Advanced Primary Care Management (APCM) platform across the nation's leading health systems.
The financing follows a period of exceptional growth and market momentum for HealthSnap as healthcare organizations increasingly adopt AI-enabled solutions that improve patient outcomes, reduce costs, strengthen clinical efficiency, and extend care beyond the traditional clinical setting.
HealthSnap has helped define the rapidly emerging virtual care management category by bringing together Remote Patient Monitoring (RPM), Chronic Care Management (CCM), Principal Care Management (PCM), Advanced Primary Care Management (APCM), AI-powered clinical workflows, enterprise analytics, reimbursement optimization, and care coordination into a single, EMR-Integrated, intelligent platform that enables healthcare organizations to proactively manage patients at scale – unlocking capacity without adding headcount.
Today, HealthSnap supports more than 80,000 active patient programs across 200 health systems and physician organizations, with the company projecting more than 100,000 active patient programs by the end of 2026. HealthSnap's platform currently ingests 2 patient measurements every second and patients enrolled in HealthSnap's programs see a 97 per cent reduction in alert frequency by their twelfth month, demonstrating remote patient management at scale.
HealthSnap partners with many of the nation's leading healthcare organizations, including Prisma Health, AdventHealth, Ascension Health, Sentara Health, Tampa General Hospital, UnityPoint Health, Baptist Health South Florida, Mount Sinai Medical Center, and University Hospitals. Even more importantly, several of these organizations, including Sentara Health, Tampa General Hospital, and UnityPoint Health, have chosen to invest strategically in HealthSnap, reflecting their confidence in the company's technology, leadership, and long-term vision.
"When we founded HealthSnap, we believed healthcare was moving toward a future where continuous, intelligent care would become the standard, not the exception," said Samson Magid, Co-Founder and Chief Executive Officer of HealthSnap. "Today, we are helping many of the nation's leading health systems make that vision a reality. This financing represents much more than additional capital. It validates the platform we have built, the outcomes we are delivering, and the category leadership we have established. It enables us to expand the real-world application of AI across every aspect of virtual care management, from clinical decision support and workforce enablement to patient engagement and Advanced Primary Care Management. Our vision has always been to use AI to amplify clinicians, not replace them, helping health systems improve outcomes, strengthen operational performance, and lower the total cost of care."
