TouchCare, a startup that has developed a mobile app to remotely connect patients and healthcare providers, has landed am equity investment from Mosaic Health Solutions, a subsidiary of Blue Cross and Blue Shield of North Carolina.
Mosaic invested $4 million, a spokesperson confirmed to WRAL TechWire.
However, according to an SEC filing, TouchCare raised $4 million from one investor in November. The investor was not identified.
TouchCare, a new company that formally launched in 2014, is seeking to raise $5 million, the filing says,
Mosaic is a relatively new venture launched by BCBSNC with the mission of developing and driveing “market-facing solutions — through acquisitions, joint ventures, partnerships and build-outs — to meet the needs of consumers and other stakeholders in the health care ecosystem.”
“With TouchCare, a patient can have an appointment with their doctor from anywhere, cutting out the commute and waiting room altogether. This type of technology will transform the way our health care system operates, making it simpler, more consumer-friendly and more affordable,” said Maureen O’Connor, president of Mosaic Health Solutions, in the funding announcement.
According to TouchCare, its app “remotely connects patients and their own health care providers via smartphones or tablets for video appointments over a triple-encrypted secure line.”
Mount Sinai hospital in New York is among TouchCare’s users, the company says.
“We believe the personal connection between physicians and their own patients is a key factor for continuity of care, something often missing in today’s fragmented health care system,” said Damian Gilbert, the founder and CEO of TouchCare.
“TouchCare facilitates this, by giving providers, whether an entire health care system or a small practice, an easy and convenient way to offer secure video appointments with their own patients. The investment from Mosaic Health Solutions allows us to continue this mission and further positions TouchCare at the forefront of mobile health care.”
TouchCare launched its app in November.
O’Connor is a veteran executive at BCBSNC. She joined the company in 2000 as vice president and deputy general counsel before assuming the roles of general counsel and chief administrative officer and then the newest role at Mosaic.
