ChartSpan, the largest healthcare managed service provider for chronic care management programs in the U.S., announced today that it has raised a Series A funding round of $15 million led by BIP Capital. Other investors participating in the round included Blue Heron Capital, Bailey Southwell & Co., C&B Capital, and Service Provider Capital. The company plans to use the funds to scale its operations nationally.
ChartSpan offers a turn-key service for MIPS compliance, Chronic Care Management, and Annual Wellness Visits, allowing both patients and providers to see higher levels of engagement, better adherence to prescribed care paths, and better patient outcomes.
“This syndicate represents a seasoned group of venture firms who have deep healthcare experience. As we begin to expand our presence outside the Southeastern United States, we know we need partners who can help us scale on a national level and move into the large, enterprise healthcare marketplace,” said ChartSpan CEO, Jon-Michial Carter. “Most importantly, the firms in this round are a cultural fit. Culture drives our success, and this syndicate group embraces our values and convictions. We couldn’t be more delighted to have such a strong group of investors supporting us.”
“We continue to focus our attention on solutions that drive meaningful healthcare change,” said Mark Buffington, CEO at BIP Capital. “ChartSpan’s innovative solutions address the growing burden of chronic care management by reducing cost and improving healthcare outcomes. We are excited to partner with them as they expand their proven solution nationally.”