We are pleased to announce our recent investment in ChartSpan, the nation’s largest healthcare managed service provider for chronic care management programs in the U.S. The funding was led by BIP Capital with Blue Heron Capital, BSC Capital Partners, and other participants serving as syndicate investors. The investment will enable ChartSpan to continue to scale its operations nationally.
ChartSpan’s turn-key, SaaS-based platform combines MIPS compliance, chronic care management, and annual wellness visits in a single solution.
“There is a large market opportunity that has been created by Medicare’s chronic care initiative,” commented Jeff Bailey, co-founder and Managing Director of Bailey Southwell & Co. “According to the Centers for Medicare & Medicaid Services, an estimated 117 million U.S. adults have one or more chronic conditions, and one in four adults have two or more chronic health conditions.”
“We believe ChartSpan’s platform addresses the market opportunity by providing a turn-key solution that empowers and engages patients while simultaneously increasing provider MIPS scores. We are excited to work with ChartSpan, BIP Capital, and the other investors on developing strategies to help the company scale and expand into major healthcare markets nationwide,” continued Jeff.