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Miami-based digital health platform earns funding

Florida Funders is continuing to complete its mission to turn the Sunshine State into the Startup State.

The venture capital fund/angel investor network combination recently invested $1.4 million in HealthSnap, a Miami-based remote patient monitoring (RPM) and analytics platform for virtual chronic disease management. The company’s latest financial boost comes after it secured agreements with over 10,000 physicians, including several top-25 health systems, in 2020. HealthSnap will use the funds to improve client management and patient support for top health system clients across the country. Florida Funders’ $1.4 million came from the Florida Funders Fund 2 while the Seed FL Fund, the FL Institute, and the Florida Funders’ investor network’s contributions bring HealthSnap’s total funding to $6.5 million to date.

“With chronic diseases being among the most prevalent and costly health conditions in the United States, HealthSnap’s platform is giving healthcare providers the ability to better manage their high-risk chronic patients at home, while also empowering patients to keep track of their health,” said Tom Wallace, managing partner at Florida Funders, recognized as the top VC in the Southeast region by Pitchbook. “Their innovative approach to healthcare management is connecting patients and providers in a way that has been missing from the marketplace.”

HealthSnap’s platform enables care teams to monitor patient vitals and lifestyle data outside of a clinical setting, ensuring vulnerable chronic populations receive the right care at the right time. Additionally, HealthSnap makes it simple for providers to diversify revenue streams with new RPM reimbursement that is being promoted by the Center for Medicare and Medicaid Services (CMS) in light of COVID-19. The platform’s ongoing monitoring allows healthcare providers to catch changes in a patient’s health before they become an issue and adjust treatment for their chronic disease remotely and proactively to get them back on track.

“The way that chronic conditions are managed has fundamentally changed. We know that chronic conditions happen outside the clinic, and so should patient care. It’s a very patient-driven approach, and healthcare historically has not been that way. That’s how we’re flipping the model on its head,” said Samson Magid, HealthSnap’s CEO and co-founder. “We’re a proud Florida company and have known for years that the Sunshine State is truly the Startup State. What better place to transform healthcare than Florida, which is becoming a true hub for innovation and technology.”

Florida Funders’ partner and board member Steve MacDonald, who founded TechHealth and web-enabled pharmacy myMatrixx, is joining the startup’s board of directors and will help guide the company as it continues to grow.

Pictured: Example of the HealthSnap platform

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.