Signallamp Health, Inc.
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Signallamp Health, Inc. - overview
Established
2015
Location
Scranton, PA, US
Primary Industry
Healthcare IT
About
Signallamp Health, Inc. provides innovative chronic care management solutions aimed at enhancing patient health and minimizing emergency department visits through efficient integration of healthcare services. Founded in 2015 by Andy Goldberg and Drew Kearney, Signallamp Health specializes in chronic care management services. The company is headquartered in Scranton, US.
As of July 2024, Signallamp merged with Accuhealth, another entity focused on remote healthcare, thereby expanding its service offerings. The latest funding round raised USD 1. 00 mn, marking the total amount raised at USD 1. 00 mn across 7 deals.
Signallamp Health offers comprehensive chronic care management services, including Chronic Care Management (CCM), Remote Patient Monitoring (RPM), and Transitional Care Management. Their services employ home-based registered nurses (RNs) and licensed practical nurses (LPNs) who are seamlessly integrated into healthcare providers' practices, ensuring personalized patient care and improved health outcomes across the United States. The company operates under a revenue-sharing model, utilizing Current Procedural Terminology (CPT) codes from the Centers for Medicare & Medicaid Services (CMS) to generate income without direct costs to clients. Signallamp partners with healthcare providers to deliver chronic care management solutions, sharing the revenues from these services.
Their structured offerings allow for effective integration with existing healthcare systems, promoting sustainability in revenue streams and enhancing patient care quality. In July 2024, Signallamp Health merged with Accuhealth, allowing both companies to enhance their market presence in the remote healthcare sector. Future initiatives include expanding service offerings and potentially entering new markets. The recent merger is expected to utilize the resources from the USD 1.
00 mn funding round to support these strategic objectives, as both companies aim to broaden their impact in the healthcare industry.
Current Investors
Accuhealth Technologies LLC, Sopris Venture Capital, Ben Franklin Technology Partners
Primary Industry
Healthcare IT
Sub Industries
Diagnostic, Medical & Imaging Laboratories, Epidemiology, Healthcare IT, Medical Software
Website
www.signallamphealth.com
Verticals
HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Signallamp Health, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Signallamp Health, Inc. | - |
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