Wellbe, Inc. Closes New Investment Round of $2.42 Million

Madison, WI, January 7, 2015 (Newswire.com) - Wellbe has closed on a new $2.42 million investment. The round included investments from Terrence Gibbons, former CEO of Pharmacy OneSource; Greg Baldwin, former CEO of Baxa; Mark Bakken, former CEO of Nordic Consulting; and Philip Seeger, CEO and President of Medcor, among others.

Wellbe helps hospitals adapt to new market expectations for value-driven care by leveraging patient navigation to reduce risk, improve efficiency and increase competitiveness. The cloud-based platform combines vital tools for patient engagement and care coordination to help patients and care teams achieve satisfying outcomes by actively engaging them with step-by-step guidance along their journey of care.

“I am very excited to be involved with Wellbe as they leverage the success they have had to date,” said Seeger. “Guided CarePaths will have a significant influence on the outcomes of patient procedures. It is wonderful to be involved with a talented team dedicated to changing the patient experience.”

Wellbe was recently recognized as the Patient Engagement category winner in the 2014 Fierce Innovation Awards byFierceHealthcare. Earlier this year, Butler Health System was given a CI+T Accelerator Award by Clinical Innovation + Technology for their use of Wellbe. Additionally, Avera McKennan Hospital and Wellbe were featured in the December issue of OR Manager for their innovative approach to orthopedic pain management. The recognition and visibility have helped the company double its customer base in six months.

“Healthcare is still too fragmented and complex. Visionary hospital leaders across the country transforming their organizations for value-driven care have determined that a navigated patient experience can deliver good results in reduced risk and improved efficiency,” said James Dias, CEO of Wellbe. “More importantly, our patients are extremely satisfied with their online experience. This new investment will grow our team and help spread these best practices and benefits to more patients across the industry.”

About Wellbe, Inc.
Wellbe, the inventor of the cloud-based Guided CarePath, works with health providers to engage patients as partners in their episodes of care. Our Guided CarePaths empower patients to learn and take the actions required to achieve better outcomes at lower costs. High-performing hospitals use Wellbe’s Connected Care solutions to improve the experience and efficiency of helping patients to successfully navigate their medical treatments and surgeries.