Care Team Collaboration Platform Revenue Grew 30% Since COVID-19 Onset, Added 1,000 Hospital Systems
TigerConnect, healthcare’s most widely adopted care team collaboration solution, closed a $45M Series D investment to fuel continued investment into its telehealth and workflow collaboration platform to meet surging demand. The round was led by healthcare-focused investor HealthQuest Capital, with additional investment coming from New Leaf Ventures, Montreux Growth Partners, Norwest Venture Partners, Invus and Industry Ventures. TigerConnect’s revenue has grown over 30% since the onset of COVID-19 in March, with more than 1,000 healthcare organizations adopting TigerConnect’s platform to quickly communicate and coordinate care, improve outcomes and treat patients remotely.
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Since the beginning of the COVID-19 pandemic, TigerConnect has experienced tremendous user growth and engagement due to its efficacy in improving care team collaboration.
- More than 750,000 registered users at leading healthcare organizations rely on TigerConnect for internal and external communications.
- Since COVID-19 began over six months ago, daily message volume has more than doubled, with providers now spending more than 500,000 hours per month cumulatively in the app.
- TigerConnect’s patient-facing telehealth solution, TigerTouch, has seen rapid growth since its launch in March, with nearly 150,000 unique patients treated over that period.
- The recent launch of TigerSchedule (following the acquisition of Call Scheduler) has been met with a strong response from providers looking for an integrated scheduling and collaboration solution with more than 7,000 providers now using it for call scheduling.
- Engagement with providers, based on the number of interactions on the platform, has tripled.
“TigerConnect is enabling the rapid and secure coordination of care at scale, the need for which has been significantly highlighted by the pandemic,” said HealthQuest Managing Partner Garheng Kong. “We’ve evaluated numerous digital health businesses, and TigerConnect stands out with its robust multi-product platform, seamless user experience and track record of adoption to date from blue-chip healthcare systems. I am excited to join the Board of Directors of TigerConnect to help the company in its next phase of growth.”
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