Key Highlights
- $6.5 million seed funding led by First Trust Capital Partners, supporting tech and network expansion.
- Focus on improving access, affordability, and patient experiences in specialty care.
- Switchboard plans to expand its services to ten specialties across multiple states.
Source: Direct
Notable Quotes
- “This investment accelerates our mission to improve specialty care access, affordability, and patient experience,” – Derek Baird, Co-founder and CEO at Switchboard Health
- “We are excited to invest in Switchboard knowing that it can deliver convenient care options that result in meaningful cost and quality improvements,” – Jon Phillips, Managing Director at First Trust Capital Partners
- “Since the company’s launch, we’ve seen Switchboard drive improvements in specialty care navigation,” – Ben Britt, Managing Partner at Route 66 Ventures
SoHC's Take
Switchboard Health’s latest funding round is a significant step towards enhancing the efficiency of specialty care through innovative technology and integrated networks. The company’s strategy to develop a tech-enabled, clinically integrated network will potentially reshape how health plans and value-based care providers manage specialty care, promising better access and cost savings. This strategic expansion marks a notable development in the healthcare sector, spotlighting the increasing importance of tech-driven solutions in managing complex care needs efficiently.
