98point6 Technologies

98point6 Technologies is a U. S. -based provider of a virtual care platform that streamlines telehealth services, enhancing patient-provider interactions through integrated communication tools and automated workflows. Founded in 2015 in Seattle, US, 98point6 Technologies specializes in virtual healthcare solutions.

The company raised a total of USD 118. 69 mn through various funding rounds, most recently securing USD 30. 7 mn in VENTURE DEBT funding on March 31, 2023. The funding round was co-led by Activant Capital and L Catterton, with participation from Transcarent, Inc.

The founding team includes J-RAFA LIMITED, Jeff Greenstein, Robbie Cape, and Taghrid Zorob, with Jay Burrell and Robbie Cape as current CEO. 98point6 offers a comprehensive virtual care platform designed to facilitate both asynchronous and real-time telehealth interactions between patients and healthcare providers. Core functionalities include customizable workflows that enable automated patient intake, charting, and communication through text, audio, or video messaging. These features serve to streamline administrative tasks for clinicians, thereby enhancing provider efficiency and reducing burnout.

The platform is tailored to improve patient satisfaction and loyalty by providing a seamless, user-friendly experience that allows for decision-support tools and tailored care pathways. 98point6’s services are primarily utilized by healthcare providers, including hospitals and clinics, across various geographical markets, including the United States. The revenue model for 98point6 is centered on subscription-based services for its virtual care platform, catering to healthcare institutions and providers. Clients pay for access to a suite of tools that assist in automating administrative processes and facilitating care delivery, enhancing overall operational efficiency.

Transactions typically occur through direct agreements with healthcare organizations, which may involve multiyear contracts to utilize 98point6’s technology. The flagship service, the 98point6 virtual care platform, is offered to clients who require integrated solutions to manage patient interactions efficiently while ensuring compliance and quality of care standards are met. Specific pricing details for the subscriptions are not publicly disclosed. In March 2023, 98point6 Technologies raised USD 30.

7 mn in VENTURE DEBT funding, which will be utilized to scale its software business and develop new innovations, such as data modeling and artificial intelligence for its technology platform. The company aims to enhance its product offerings and expand its reach into additional geographical markets. Specific target markets for expansion have yet to be disclosed.