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July 17, 2017
Bright.md raises $8M for AI-powered remote healthcare service with 'virtual physician assistant'
Portland-based Bright.md has landed a major investment that arrives just as the company’s software tool picked up a key local customer.
Bright.md said Monday it has completed an $8 million funding round. In its announcement, Bright.MD added that Adventist Health in Portland is now using its software tool that acts as a virtual physician’s assistant, enabling primary care providers to deliver remote care.
Bright.md has raised $11.5 million since launching in early 2014. The latest investment is a Series B round led by B Capital Partners Group, with participation from Seven Peaks Ventures.
Costantini said the funds would help the company augment its staff, which currently consists of 17 full-time employees and a team of clinicians who develop Bright.md’s content.
Bright.MD allows patients to receive care from providers using a mobile phone or computer. Its software uses artificial intelligence to ask about a patient’s condition, using each answer and information from their electronic medical record to then help physicians diagnose and treat the problem.
The process takes “far less time than the typical 20-minute in-office visit,” said Dr. Ray Costantini, CEO and co-founder of Bright.md.
Adventist becomes the latest health care system to use SmartExam. Greenville Health System and Rush University Medical Group previously signed on.
“SmartExam provides patients with the simplest, quickest, least expensive access to medical care for acute conditions,” Dr. Ralph Prows, Adventist’s chief medical officer, said in a written statement. “It is the most convenient care for busy people and is a breeze for our providers.”