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§ Private Profile · 380 W Data Dr Ste 120, Draper, Salt Lake City, Utah, United States
Care coordination technology for healthcare providers, focused on emergency department utilization management.
Collective Medical Technologies provides care coordination and collaboration technology focused on emergency department utilization management for complex healthcare patients. The platform initially established its presence within the Medicaid space, developing software that helps medical teams close communication gaps and manage patient care across multiple clinical settings. Operating with an estimated workforce of 100 employees, the business achieved approximately $10 million in annual revenue by late 2020. The enterprise secured institutional backing from Bessemer Venture Partners, with investments led by recognizable venture capitalists Steve Kraus, Andrew Hedin, and Jeremy Levine. Following its independent growth, the software provider was acquired by PointClickCare Technologies in December 2020 to expand its utilization management capabilities. The organization was originally founded in 2005, and while the specific founding team remains undisclosed, the firm was led by Chief Executive Officer Chris Klomp.
Collective Medical Technologies has raised $48.0M across 1 funding round.
Collective Medical Technologies has raised $48.0M in total across 1 funding round.
Collective Medical Technologies develops a cloud-based platform for healthcare data integration and real-time collaboration, primarily targeting post-acute care to improve patient outcomes by reducing readmissions and enhancing care coordination.[1][2][4] It serves a nationwide network including every major health plan, hundreds of hospitals and health systems, and tens of thousands of providers, solving communication gaps across the care continuum from providers to payers.[2][4] Acquired by PointClickCare in December 2020, the platform now integrates with PointClickCare's post-acute dataset, reaching 27,000 senior care facilities, over 2,700 hospitals, 180 health plans, and 75 state agencies, with prior funding of $47.5M supporting its growth.[1][3][4]
Founded in 2005 in South Jordan, Utah (later headquartered in Cottonwood Heights), Collective Medical emerged to address fragmented healthcare communication, particularly in post-acute settings where data silos lead to poor patient transitions and high readmission rates.[1][2] The company's early focus on analytics for care teams gained traction through a system-agnostic platform that connected disparate providers, culminating in its acquisition by PointClickCare in December 2020, which expanded its reach via integrated networks.[1][3][4] This pivotal moment united Collective's collaboration tools with PointClickCare's extensive post-acute data, accelerating adoption amid rising demands for coordinated care.[4]
Collective Medical rides the wave of value-based care and healthcare digitization, where interconnected data combats silos amid rising chronic disease burdens and readmission penalties.[1][4] Its timing aligns with post-2020 shifts toward telehealth and analytics-driven coordination, amplified by the PointClickCare acquisition that merged post-acute strengths with broad networks.[3][4] Market forces like payer-provider alignment and regulatory pressures for outcomes favor its model, influencing the ecosystem by standardizing collaboration and enabling scalable interventions across 75+ government agencies.[2][4]
With integrated networks and expanding adoption, Collective Medical is positioned to lead in AI-enhanced care orchestration, potentially incorporating predictive analytics for proactive interventions.[4] Trends like personalized medicine and regulatory pushes for data interoperability will propel growth, evolving its influence toward a dominant platform in unified healthcare delivery. This builds on its core strength in bridging gaps, promising sustained impact on outcomes and costs in a fragmented industry.[2][4]
Collective Medical Technologies has raised $48.0M across 1 funding round. Most recently, it raised $48.0M Series A in November 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2017 | $48M Series A | Noah Knauf | Bond, Company Capital, Deerfield Management, IA Ventures, Maverick Capital, Moderne Ventures, Vivo Capital, Bessemer Venture Partners, Epic Ventures, Kaiser Permanente Ventures, Peterson Ventures, Providence Ventures | Announced |
Collective Medical Technologies has raised $48.0M in total across 1 funding round.
Collective Medical Technologies's investors include Noah Knauf, Bond, Company Capital, Deerfield Management, IA Ventures, Maverick Capital, Moderne Ventures, Vivo Capital, Bessemer Venture Partners, Epic Ventures, Kaiser Permanente Ventures, Peterson Ventures.