Collective Medical Technologies, Inc.

Collective Medical Technologies, Inc. provides innovative healthcare technology solutions aimed at enhancing care coordination and improving patient outcomes through real-time data sharing among healthcare providers. Collective Medical Technologies, Inc. was founded in 2005 in Cottonwood Heights, US, and focuses on healthcare technology solutions.

The company experienced a pivotal acquisition in December 2020 by PointClickCare, which supports its operations by providing real-time insights into patients' healthcare journeys. Collective Medical has raised a total of USD 47. 50 mn through its Series A funding round, led by Kleiner Perkins, with additional investors including Allumia Ventures, Bessemer Venture Partners, EPIC Ventures, Kaiser Permanente Ventures, Maverick Ventures, and Peterson Partners. The company has been involved in 2 deals to date.

Collective Medical, now a part of PointClickCare, offers a robust suite of healthcare technology solutions designed to enhance care coordination and improve patient outcomes. The core product offerings include a fully integrated platform that enables real-time data sharing among various stakeholders in the healthcare ecosystem, including hospitals, senior care facilities, health plans, and government agencies. This platform addresses critical challenges in patient care by breaking down silos and facilitating seamless communication among caregivers, leading to more informed decision-making and efficient care delivery. Collective Medical serves a diverse range of healthcare providers across North America.

The products are primarily deployed in the United States and Canada, where the emphasis is on collaborative care practices that enhance the overall healthcare experience for patients and providers alike. Collective Medical generates revenue through a subscription-based model for its integrated healthcare technology solutions. Clients engage with the platform under various pricing plans that cater to the size and needs of their organizations, facilitating access to real-time data and coordination tools. These business transactions typically involve healthcare facilities subscribing to the platform to enhance their care delivery capabilities, resulting in improved patient outcomes.

The subscription structure enables organizations to incorporate Collective Medical’s solutions into their operational framework, allowing them to benefit from the extensive real-time collaboration network. This model effectively positions Collective Medical's services as a critical component of healthcare infrastructure, directly impacting the efficiency and quality of care provided to patients. The recent acquisition by PointClickCare will support Collective Medical in providing enhanced real-time insights into patients' healthcare journeys. The company plans to leverage the acquisition to further develop its product offerings and expand into new markets.

Specific upcoming products and services are not detailed, but the financial backing from the Series A funding will assist in these initiatives. The integration with PointClickCare is expected to facilitate greater market reach and operational efficiencies.