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Walter Jin, chairman and CEO of Pager, stated, "Healthcare is so confusing and frustrating for people to navigate on their own, which is why it's so important to connect patients with a care team of professionals together all on one common platform to make faster and smarter decisions."
FREMONT, CA: Pager, a virtual care companion that provides a connected, personalized care experience throughout the healthcare journey, closed $33m in Series B equity and debt financing. The company has raised a total capital of $63m to date.
The funding round was led by growth equity investor Health Catalyst Capital with the significant participation of Horizon BlueCross BlueShield of New Jersey and existing investors Three Fields Capital, Goodwater Capital, New Enterprise Associates, and Lux Capital with additional debt financing from Silicon Valley Bank. Also, other investors include board member Steve Shulman, former CEO of Magellan Health.
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[vendor_logo_first]The capital will be used to launch new products, expand in new markets, and scale the technology platform and clinical operations in New York, NY, and Raleigh, NC. Pager was established in 2014 by entrepreneurs Gaspard de Dreuzy, Philip Eytan, and Uber's founding CTO Oscar Salazar and led by Walter Jin, Chairman and CEO. Pager being a virtual care companion, provides a personalized, connected care experience throughout the healthcare journey. Pager provides people with proper information, navigation, and coordination services to access the complete set of virtual care services, including triage, prescriptions, telemedicine, appointments, transportation, and after-treatment follow-up. Its embedded software-as-a-service technology integrates with claims and clinical data systems, besides third-party point solutions, to enable AI automation that delivers a personalized, seamless engagement experience. Pager collaborates with payers, providers and employers to offer this solution to more than 10 million people across the United States, in addition to Latin America.
The company is currently under several contracts to serve more than 10 million patients in the US and internationally.
Walter Jin, chairman and CEO of Pager, stated, "Healthcare is so confusing and frustrating for people to navigate on their own, which is why it's so important to connect patients with a care team of professionals together all on one common platform to make faster and smarter decisions."
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