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§ Private Profile · Los Angeles, CA, USA
develops patient engagement software for healthcare providers and patients, uniquely paying users for involvement.
Kips Health has raised $500K across 1 funding round.
Key people at Kips Health.
Kips Health was founded in 2023 by Jarrett Perkins (Founder) and Eric Wang (Founder).
Kips Health has raised $500K in total across 1 funding round.
Kips Health, based in Los Angeles, CA, develops patient engagement software that uniquely compensates users for their participation, aiming to significantly boost involvement in healthcare through interactive tools. This distinctive approach directly incentivizes patients, fostering greater adherence to treatment plans and proactive management of their health, distinguishing it from standard engagement platforms. The company, a participant in the competitive Y Combinator S23 batch, currently maintains a lean operational structure with two employees. Its proprietary platform provides interactive functionalities specifically designed to make patient engagement more dynamic, rewarding, and effective in the digital health landscape. Kips Health was established in 2023 by co-founders Jarrett Perkins and Eric Wang. Its business model centers on unknown, pays users for engagement, but revenue model not specified.
Kips Health has raised $500K across 1 funding round. Most recently, it raised $500K Seed in September 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2023 | $500K Seed | — | Y Combinator | Announced |
Kips Health is a patient engagement software uniquely designed to pay healthcare providers, specifically physical therapists, by automating the collection of Remote Therapeutic Monitoring (RTM) reimbursements with minimal effort (around 5 minutes of work). It serves physical therapy practices by streamlining patient engagement and enabling providers to monetize their patient interactions through RTM billing, addressing the challenge of capturing reimbursement for remote care activities. This approach not only improves patient adherence and outcomes but also creates a new revenue stream for providers, demonstrating strong growth potential in the expanding telehealth and remote monitoring market[9][10].
Kips Health emerged from the need to simplify and monetize patient engagement in physical therapy, a sector where remote monitoring is increasingly reimbursable but administratively burdensome. While specific founder details are not publicly detailed in the search results, the company’s focus on automating RTM reimbursement collection reflects a deep understanding of healthcare billing complexities and physical therapy workflows. Early traction likely involved demonstrating time savings and revenue gains for therapists, positioning Kips Health as a practical solution in a niche yet growing segment of healthcare technology[9][10].
Kips Health rides the growing trend of remote patient monitoring and telehealth reimbursement, which has accelerated due to regulatory changes and increased adoption of digital health tools. The timing is favorable as payers increasingly recognize and reimburse remote therapeutic services, creating a market demand for solutions that simplify billing and maximize revenue capture. By focusing on physical therapy, Kips Health influences the broader ecosystem by enabling smaller specialty practices to benefit from digital health innovations and reimbursement opportunities, thus promoting wider adoption of remote care technologies and improving patient outcomes through sustained engagement[9][10].
Looking ahead, Kips Health is well-positioned to expand its impact by broadening its reimbursement automation capabilities beyond physical therapy to other specialties eligible for RTM billing. Trends such as increased telehealth utilization, payer support for remote care, and the shift toward value-based care will shape its growth trajectory. As reimbursement models evolve, Kips Health’s ability to reduce administrative burden while increasing provider revenue could make it a critical tool in the patient engagement and remote monitoring landscape. Its unique value proposition—patient engagement that *pays* providers—may redefine how healthcare practices view and invest in digital patient communication tools[9][10].
Key people at Kips Health.
Kips Health was founded in 2023 by Jarrett Perkins (Founder) and Eric Wang (Founder).
Kips Health has raised $500K in total across 1 funding round.
Kips Health's investors include Y Combinator.