Home PC News CipherHealth Accelerates Growth with Financing from CIBC Innovation Banking

CipherHealth Accelerates Growth with Financing from CIBC Innovation Banking

NEW YORK–(BUSINESS WIRE)–August 6, 2020–

CIBC Innovation Banking is happy to announce development capital financing for CipherHealth, an trade chief in healthcare expertise options for affected person engagement and communication. The funding will allow CipherHealth to speed up development by additional increasing its operations, go-to-market packages and platform innovation.

Backed by JMI Equity, tons of of healthcare organizations throughout the U.S. depend on CipherHealth’s telehealth platform to attach and talk with their sufferers and care groups. CipherHealth’s portfolio of options allows communications throughout all the care continuum, guaranteeing sufferers really feel protected and supported no matter how they entry their care – whether or not in an inpatient setting, at a health care provider’s workplace, at residence, or just about.

Since the onset of the pandemic, CipherHealth has deployed practically 2 million calls and texts to display screen and monitor sufferers and employees alike – serving to prospects stay agile in the course of the quickly evolving setting.

“CipherHealth’s customers have consistently shared that its digital engagement platform is critical to improving patient care and outcomes,” mentioned Paul Gibson, Managing Director in CIBC Innovation Banking’s Mid-Atlantic workplace. “We were impressed by their agility and fast response to the global pandemic, launching a suite of solutions that enables healthcare systems, hospitals and medical groups to manage critical communications with patients and staff.”

“CIBC Innovation Banking understands the critical nature of our digital engagement platform as healthcare providers look to modernize and digitally transform their patient engagement systems and processes,” mentioned CipherHealth President and COO, Jake Pyles. “Their tailored credit and treasury management solutions are vital for us to stay agile and support the expansion of our operations, products, platform and go-to-market initiatives.”

About CIBC Innovation Banking

CIBC Innovation Banking delivers strategic recommendation, money administration and funding to North American innovation firms at every stage of their enterprise cycle, from begin as much as IPO and past. With places of work in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the crew has intensive expertise and a powerful, collaborative strategy that extends throughout CIBC’s business banking and capital markets companies within the U.S. and Canada.

About CipherHealth

CipherHealth is an award-winning digital engagement platform dedicated to enhancing communication and coordination all through the care continuum. Since 2009, CipherHealth has formed the affected person engagement market, delivering groundbreaking merchandise to assist suppliers obtain and maintain improved well being outcomes. CipherHealth’s portfolio of affected person engagement software program empowers healthcare organizations to foster significant connections to make sure the absolute best outcomes for employees members, sufferers, and their family members.

Kathryn Lawler, [email protected], 416-242-1943

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