NexHealth just raised a $125M Series C, valuing the company at $1 billion!
NexHealth, the premier patient experience platform for patients, doctors, and developers, today announced it has closed $125 million in a Series C financing round led by Buckley Ventures, with additional participation from Lachy Groom, Jack Altman, Scott Belsky, Shreyas Doshi, Eric Glyman, Shahed Khan, Packy McCormick, and Rahul Vohra.
This latest capital brings the company to a $1 billion valuation, marking investor confidence in NexHealth’s path towards digitizing the front-end patient experience, automating the back-end administrative processes for providers, and building a universal API to empower developers to build the next great healthcare product.
After working as a medical receptionist while enrolled in a pre-med program in New York, NexHealth CEO Alamin Uddin saw first-hand the inefficiencies and technical barriers for patient management facing medical practices. In 2017, he founded NexHealth to build a solution that doctors, patients, and developers could use to digitize the patient experience and build faster product integrations with health records.
“Consumers have frictionless digital experiences when doing virtually anything except visiting the doctor’s office,” said Uddin. “We’ve come to expect very little innovation in the healthcare world, and NexHealth is here to change that, accelerating innovation in healthcare by connecting patients, doctors, and developers.”
NexHealth’s Universal API integrates healthcare data from many EHR systems to break down the data silos that have traditionally slowed the pace of healthtech innovation. Healthtech companies including Quip, Swell, and SmileDirectClub have partnered with NexHealth to enable their developers to build and deploy new products faster for patients and doctors.
This news follows significant momentum over the last year. NexHealth expanded its customer base, bringing on large enterprises including Mid-Atlantic Dental Partners, Coast Dental, and Jefferson Dental, and now manage 68 million patient records.
“NexHealth has already established itself as the leading patient experience software platform during a critical juncture in the market where the providers who are prioritizing technology are winning,” said Josh Buckley, founder of Buckley Ventures. “We’re excited to partner with NexHealth as they establish the technology foundation on which the future of healthcare will be built.”
The new financing will be used to drive strategic talent acquisitions to advance NexHealth’s mission to accelerate innovation in healthcare. In addition to developing new doctor-facing platform features designed to streamline the patient experience, such as one-click booking and integrated forms, NexHealth will expand its integrations with practice management systems and EHRs to provide developers and healthtech entrepreneurs with greater access to healthcare record systems through its universal API. With its developer-centric approach, NexHealth’s API provides a gateway to patient health records for developers so they can rapidly innovate and go to market with new technology solutions.
NexHealth is hiring! Visit the Careers page to learn more about career opportunities to accelerate innovation in healthcare.
About NexHealth
NexHealth is the patient experience platform helping doctors and developers streamline the experience for millions of patients with EHR-integrated real-time online scheduling, patient communications, digital paperwork, and more. NexHealth was founded in 2017 by Alamin Uddin and Waleed Asif, both recognized by Forbes’ 30 under 30 in 2018 for Healthcare innovation. NexHealth’s mission is to accelerate innovation in healthcare by connecting patients, doctors, and developers.
