Venture capital-backed healthcare firms are doing more than keeping the doors open during the COVID-19 pandemic. They are helping consumers and healthcare organizations improve access to care, services, and information during a time of unprecedented strain on the industry.
Med City News interviewed 6 influential venture capital firms to get their tips on handling the crisis. When asked what kind of companies his firm is looking for right now, Steve Tolle, from HLM Venture Partners, and a board observer at mPulse mobile was asked about how his firm’s portfolio was dealing with the pandemic. Steve replied, “Some of them are going to benefit from this because they’re providing a valuable service that healthcare systems or providers need. … One company (mPulse Mobile) does patient engagement and mobile messaging. They’ve seen a huge uptick in demand just to get the word out to members on where to go if they have symptoms.”
Right now, investors are looking at companies that create operational efficiencies during a time of uncertainty and strained capacity. Through member engagement and mobile messaging, mPulse has proven to be a valuable partner during a time when it is crucial to get information healthcare members quickly and effectively.