MD Ally Raises $14M in Series A Funding
Summary
The round, which brought MD Allys total funding to $25m, was led by Frist Cressey Ventures, and anchored by General Catalyst, with participation from Techstars, Seae Ventures, Red & Blue Ventures, and Alumni Ventures.The company intends to use the funds to further enhance its 911 and EMS-integrated technology, expand clinical services, and extend downstream care coordination partnerships.Founded in 2018 and led by Shanel Fields, CEO, MD Ally is focused on eliminating the logistical barriers that prevent impactful partnerships between 9-1-1 and the broader healthcare ecosystem. With MD Ally, medical dispatch and response systems are able to implement a 9-1-1 telehealth solution that expands the scope of services they can provide to their community.By collaborating with public safety systems and health insurance payors, MD Allys 911 virtual care program ensures that callers with non-emergency concerns receive timely, appropriate, and convenient care.In addition to saving in healthcare costs, callers also receive a personal assistant level of support to tackle treatment plan tasks and ensure adherence for better long-term patient care outcomes.The company is partnering with some of the largest cities in the US like Phoenix, AZ and implementing several national payor partnerships across Florida, Arizona, and California to serve over 5 million patients.