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PointClickCare Launches Telemedicine Service for Skilled Nursing Facilities

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Canadian health technology company PointClickCare has launched Virtual Health, a telemedicine service for skilled nursing facilities that provides 24/7 access to hospitalists.

Virtual Health is implemented in more than half of the US states with the help of its partner, Sound Physicians, a physician partner to hospitals, health plans, physician groups, and post-acute care providers.

“Telehealth is no longer a futuristic concept in long-term care, it’s table stakes,” Travis Palmquist, senior vice president and general manager of senior care at PointClickCare, said in a statement. “Our clients continue to navigate between care settings, and our team has sought to innovate and push the boundaries of virtual care delivery.”

THE GREAT TREND

This summer, PointClickCare achieved a valuation of more than $5 billion, up from $4 billion at the start of 2021. According to Crunchbase, the company has raised $230 million.

PointClickCare also made several acquisitions. At the beginning of 2022, he bought healthcare IT company Audacious Inquiry. He also picked up companies such as managed care platform Collective Medical, post-acute care management company QuickMar, analytics tool Co-Pilot and post-acute care-focused COMS Interactive.

The company dropped plans to go public several years ago after filing a registration statement with the U.S. Securities and Exchange Commission for an IPO in late 2015, announcing it had closed a round $85 million in funding instead.