Dealflow | May 7, 2019

CirrusMD clinches $15 million for tele-medicine for veterans

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, May 7 – Waiting times for Veterans Affairs’ healthcare services vary widely by geography. Some facilities have average wait times of nearly 40 days.

Denver-based CirrusMD’s system allows patients to request virtual health advice and diagnosis from medical professionals via online chat, as a lower-cost alternative to emergency rooms or urgent care centers.

The company, co-founded in 2012 by emergency physician Blake McKinney, has partnered with four of the eight largest health insurers. CirrusMD raised $15 million in Series B equity funding from Colorado Impact Fund, Drive Capital and existing investors. The funding will be used in part to roll out its platform for 200,000 patients at three V.A. facilities.

The company’s expansion to veteran services is being implemented through a partnership with V.A. contractor Iron Bow Technologies.