ACT.md has raised $8.4 million Series A in a round led by Rose Park Advisors. The company will use the funds to accelerate development of its team-based care coordination platform for the management of complex patients, as well as to manage its rapid growth.
Care teams need a way to jointly manage medical conditions in concert with mental, social, and functional limitations. “ACT.md was built from the ground up to manage the complex interactions across care teams, driving teams toward common goals,” according to CEO Ted Quinn.
ACT.md provides an intuitive cloud-based technology complimented by a flexible workforce service offering. The solution connects all members of a care team and enables collaborative care planning and reliable execution of the plan through a “project management-like” approach. With ACT.md healthcare organizations scale best practice workflows, reduce duplication, and gain efficiencies.
“We were inspired to launch ACT.md after observing for decades the constant dropped handoffs across the various providers caring for patients,” said Dr. Kenneth Mandl, one of the founders and Professor at Harvard Medical School. “So we created ACT.md as an operating system for team-based care that drives action toward improved outcomes and reduced costs.”