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Our Investment in HealthSnap

By Ryan Lee and Michelle Chang, Comcast Ventures

One of Comcast Ventures’ areas of investments is digital health, looking at technology solutions that enable aging in place and remote patient monitoring. Both rely on strong connectivity (like that provided by Comcast) to ensure lower latency (i.e., for more accurate monitoring) and offer important resources for individuals in their homes.

That’s why we are excited to announce Comcast Ventures’ investment in HealthSnap, a company seeking to accelerate the access and quality of proactive patient care through remote patient monitoring and chronic care management. Comcast Ventures participated in HealthSnap’s Series B funding round led by Sands Capital, joining other investors including Acronym Venture Capital, Asclepius Growth Capital, UnityPoint Health Ventures, Tampa General Hospital, Florida Funders, among others.

HealthSnap is leveraging connectivity to develop a product that is meeting consumers healthcare needs during a pivotal time. Today, nearly 60% of adults have at least one chronic condition such as hypertension or diabetes. As the aging population continues to grow, it is expected that this number will only continue to rise. Coupled with challenges to burdened healthcare providers and rising healthcare costs, there is a need for quality remote healthcare solutions that can provide critical access to medical care in the home and reduce the burden for providers and payors​.

The company’s turnkey virtual care management platform aims to be a solution to these challenges, pairing connected devices with a virtual care platform and 24/7 clinical services to improve patient health outcomes and free up healthcare providers to focus on patients that require in-person care.

HealthSnap is led by a strong group of founders who’ve worked together for almost a decade and demonstrated an ability to scale the business. Their leadership team brings together a valuable mix of clinical and health care expertise, and we’re excited to work with Samson Magid, Chase Preston, Dr. Wesley Smith, Brad Blakey and the rest of the team.  As evidenced by the company’s stellar clinical outcomes and 500%+ year over year growth, the company is moving at a fast pace to work to improve remote healthcare accessibility and quality of care. We look forward to seeing their continued growth as we partner with them on the next chapter of their journey.