Practice Better raises $27M to grow management platform for providers

Apply Higher, a observe administration platform for well being and wellness practitioners, scored a $27 million progress funding led by 5 Elms Capital. 

WHAT THEY DO

The Canadian firm affords a platform for well being and wellness professionals to handle a spread of companies, together with scheduling appointments, managing billing and funds, offering telehealth and messaging.

The funding will assist the corporate develop strategic partnerships and improve its platform. Apply Higher can even develop its expertise, go-to-market and customer-facing groups.  

“When Apply Higher was based in 2016, it was getting into a market in determined want of innovation. Since then, the workforce has dedicated to doing issues in another way by placing shopper outcomes on the forefront of well being and wellness expertise and permitting the business to interrupt freed from outdated and unscalable fashions. Its popularity as a disruptive power comes from years of dedication, and 5 Elms Capital is thrilled to assist its continued progress,” Austin Gideon, companion at 5 Elms Capital. 

MARKET SNAPSHOT

Apply Higher’s current funding comes after it obtained a $1 million funding in 2021.

Doctor burnout is an issue inside healthcare, with 63% of physicians reporting indicators of burnout, in line with the American Medical Affiliation. 

A number of firms purpose to enhance suppliers’ workflow, together with Elation Well being, which affords instruments for telehealth, affected person engagement and an EHR geared towards main care suppliers, and UpStream Healthcare, which supplies expertise and assist companies for value-based main care practices.