SnapMD Secures $5.3M in Funding to Expand Virtual Care Management Platform

SnapMD, a Los Angeles-based company, recently announced the completion of a $5.3 million funding round. The investors in this round were Shea Ventures, TYLT Labs, and Whittier Ventures. It is reported that SnapMD’s total fundraising will reach $5.9 million after this round.

SnapMD’s core business is facilitating remote consultations between healthcare providers and patients, a service model proposed by Dr. Rustin Morse. Previously working at Phoenix Children’s Hospital, Dr. Morse observed that many unnecessary emergency visits consumed substantial financial resources in emergency departments. Consequently, he sought to develop an application designed to prevent the wasteful use of emergency care resources. George Tierney, COO of SnapMD, also noted, “Emergency departments in U.S. healthcare institutions incur significant costs due to unnecessary emergency visits. This issue is particularly severe in children’s hospitals.”

SnapMD’s service model is similar to that of Call9, previously reported by VCBeat. Both aim to enable patients to consult with physicians remotely before seeking emergency care, thereby avoiding unnecessary emergency department visits. SnapMD’s product is called “Virtual Care Management.” It allows physicians to provide remote consultations via video, voice, and text. Patients can communicate with doctors through iOS or Android apps as well as a web application. Physicians can also collaborate with other doctors using this platform.

Compiled by: Lü Siyang