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- AVIA Innovator Network

“New telepresence doctor visits from companies like ... Bright.md deliver house calls via your mobile phone or computer, eliminating the need for the elderly to travel to a doctor.
- HuffPost

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- Wired

“Thank you, thank you. I was able to get relief so much faster than driving to a clinic. The instructions were thorough and easy to understand. This is smart health care.
- Adventist Patient, 2018

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- Patient, Greenville Health System, 2018

“Very fast and effective way to get treated without going to a doctor's office and waiting. It only took about 15 minutes from the time I started the exam to get medications called into my pharmacy.
- Patient, Palmetto Health 2018

“I live 85 miles from my doctor. This service saved a long trip and I was treated properly.
- Patient, Presbyterian Health, 2018

“It was so convenient and easy to use. I didn't have to take time off work or get extra tests that were not needed. I had no waiting in a waiting room full of sick people and was able to pick my prescription up right after work. Awesome!
- Patient, Presbyterian Health, 2018

“My favorite thing about SmartExam is that it automatically picks diagnosis and treatment and I can easily change this if needed.”
- Provider, Providence Health Systems, 2018

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- Provider, Providence Health Systems, 2018

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July 19, 2017

Bright.md raises $8M for AI-powered remote healthcare service with 'virtual physician assistant'

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Bright.md is raising more cash for its tech-fueled virtual healthcare service that aims to improve care for patients and reduce healthcare costs for clinicians.

The Portland-based startup today announced a $8 million Series B round led by B Capital Group, with participation from previous investor Seven Peaks Ventures.

Founded in 2012, Bright.md has developed a SmartExam platform used by several major health delivery systems across the U.S., including Adventist Health, Greenville Health System, and Rush University Medical Group.

When a patient is sick, he or she can use Bright.md’s software on a desktop, mobile, or tablet device to answer clinical survey questions, select a pharmacy, and enter insurance information. A physician then receives an alert and can suggest treatment based on the patient’s answers within minutes.

The software acts as a “virtual physician assistant” for primary care providers, gathering information from patients via desktop, mobile, or tablet devices that can integrate with existing electronic health records. It is also powered by artificial intelligence and as it learns more about a patient’s health needs and conditions, the software can ask more effective questions. The data is also used to help benefit the system’s overall knowledge base.

“What is really interesting is how our system gets smarter with each interaction, on both an individual basis and collectively,” Bright.md co-founder and CEO Ray Costantini told GeekWire.

The idea is to help physicians treat patients more quickly and efficiently with the help of technology that allows them to receive care without actually going into a physical office. Costantini called SmartExam “the market-leading remote care solution,” but was quick to note that the service is different than typical video-based solutions.

“Rather than thinking about ourselves as a ‘tele-health’ company (focused on enabling the remote delivery of care), we focus on being a care automation company, streamlining and enhancing the actual process of care delivery,” he explained. “Unlike what’s offered by tele-health companies, that approach has enabled us to improve provider efficiency by an order of magnitude, while also increasing clinical quality, and the experience of care for both patients and providers.”

Costantini said Bright.md’s traction is a result of unique technology and deep understanding of clinician workflows and healthcare delivery system needs. Before he launched the startup with Mark Swinth, Costantini was a director of product strategy at Providence Health and Services where he led a digital healthcare team.

“We put the patient and provider at the center of our business, and we think that is reflective in the fact that 80 percent of eligible patients are coming back to use SmartExam again,” he noted.

Total funding for the 17-person company is now $11.5 million to date. Other investors include Oregon Angel Fund and the Stanford-StartX Fund.

“We’re amazed at the rapid success Bright.md is attaining in the marketplace, which desperately needs the kinds of tools they’re providing,” Dino Vendetti, managing partner at Seven Peaks Ventures, said in a statement. “Their solution brings technology to existing medical systems, improving patient access to physicians through quick virtual visits. This approach results in reduced costs and more personalized care, while freeing up valuable provider time to be spent on complex, problematic cases for both the patient and the provider.

GeekWire

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Bright.md

510 SW 3rd Ave
Suite 300
Portland, OR 97204

877.888.5242
jr@bright.md