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McKesson Ventures, Philips and others back Xealth with Series A funding to digitally enable patient care

Press releases may be edited for formatting or style | March 27, 2019 Business Affairs

Philips, a global health technology leader, recognizes Xealth’s tremendous potential to help manage patients with chronic conditions at home, as well as those who need extra support and monitoring outside the hospital. Xealth has already demonstrated the ability to deploy digital, remote monitoring programs and integrate the resulting data into the patient workflow.

McKesson Ventures sees Xealth as a player in the emerging “digital supply chain” that makes it possible to prescribe and monitor digital therapies, and makes the associated data streams actionable. Xealth helps to bridge the existing drug and health care products supply chain with the digital, which opens up a new set of digitally-based treatment options that either stand alone or are in combination with traditional therapies. Most importantly, the data feedback loop Xealth creates can empower care teams to make better care decisions and help stakeholder partners improve product offerings.

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About Xealth
Xealth is a digital health prescribing platform that enables clinicians to easily integrate, prescribe and monitor digital health tools for patients from their EHR workflows. These can include patient education, online third-party apps and programs, device monitoring, and non-clinical services such as ride shares, food delivery and e-commerce product recommendations. Using the Xealth platform, care teams and physicians can monitor patient engagement and analyze the effects of more engaged patients. Xealth spun out of Providence St. Joseph Health in 2017, raising $8.5 million from a variety of investors including Threshold Ventures (formerly DFJ Venture), Providence Ventures and other health systems such as UPMC and Froedtert Medical College of Wisconsin Health Network. For more information, visit www.xealth.com or follow us on LinkedIn or Twitter.

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