“The promise of patient convenience without the extra burden has won Bright.md a growing fan club among hospitals and medical groups.
- 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

“Before you actually talk to your doctor, [SmartExam] gathers basic data. The app dynamically adapts the questions according to your answers. Using AI, it will give your doctor a preliminary diagnosis treatment plan.
- 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

“I have never been more excited about healthcare. We have six kids; it would be a nightmare to find sitters, wait at the office and for prescriptions. I did not feel like getting dressed let alone leaving the house! This is ingenious!
- 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

“My favorite thing about SmartExam is the ability to access it from anywhere with an internet connection.”
- Provider, Providence Health Systems, 2018

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Bright.md Closes $8 Million Series B Round

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PORTLAND, Ore. — July 17, 2017 – Bright.md, developer of a virtual care solution to improve healthcare efficiencies and outcomes while reducing costs for many of the most common health conditions, today announced it has closed an $8 million Series B funding round led by B Capital Group, a global venture capital firm focused on investing in pioneering healthcare and enterprise software companies, along with participation from existing investor Seven Peaks Ventures. The new funding gives the Portland, Ore.-based startup a total of $11.5 million across all rounds.

The funding will support continued market development for SmartExam™, Bright.md’s cloud based artificial intelligence (AI) software, including new implementations of healthcare delivery systems, increased sales and marketing efforts, expanded client engagements and additional hiring.

“It’s exciting to see continued support for our SmartExam AI product from leading venture firms and healthcare systems,” said Ray Costantini, MD, co-founder and CEO of Bright.md. “In just three years, our software has gained great traction, lowering the cost and improving the quality of care. We are already recognized as the market-leading remote care solution. SmartExam is more thorough and evidence-based than other approaches, and reduces the cost of care by guiding patients through personalized questions that provide targeted information for providers to use in their diagnosis and treatment.”

The company also announced today that SmartExam is available to patients in Oregon, through West Coast health system Adventist Health.

“The Bright.md team has built a unique asset for clinical decision support. Their software intelligently combines patient intake data, electronic health records history, and provider workflow to enable physicians to practice at the top of their license. We are excited to support the company and help it grow to the next level,” said Gavin Teo, partner at B Capital Group.

Bright.md’s SmartExam acts as a virtual physician’s assistant – think of it as the best automated medical resident ever – that enables primary care providers (PCPs) to deliver exceptionally efficient remote care, while cutting costs and improving outcomes. Using SmartExam, patients connect to their own PCPs using a mobile, tablet or desktop device. The intelligent software dynamically interviews patients, using answers to garner more information and support providers in the care delivery process.

“We’re amazed at the rapid success Bright.md is attaining in the marketplace, which desperately needs the kinds of tools they’re providing,” said Dino Vendetti, managing partner at Seven Peaks Ventures, a returning investor that has backed the company since its seed round. “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.”

By gathering information, referencing evidence-based criteria and creating an action report for use by PCPs within existing EHR workflow, SmartExam lets providers achieve as much, or more, in a two-minute virtual patient visit as the 20 minutes of provider time needed for an office visit.

SmartExam is built on an AI platform that uses intelligent learning algorithms. The system gets smarter over time, as it learns more about a specific patient’s health needs and conditions, and gains insights to improve the process with every patient and provider interaction.

Implementations in major health systems have improved patient visit efficiency by 90 percent, while dramatically improving per-visit margins and enabling providers to focus on making an informed diagnosis and treatment plan, including any necessary prescriptions.

“We see a huge percentage of return visits by eligible patients,” said Costantini, noting that about 90 percent of SmartExam patients say they would recommend the service to a friend or colleague.

“SmartExam is being widely used by leading health systems across the United States to address primary care conditions, route higher acuity cases to the appropriate setting and provide surge capacity for urgent care centers – supporting physicians, instead of trying to replace them. Bright.md offers a unique solution to address the large and growing shortage of PCPs, while driving down cost,” added Adam Seabrook, principal at B Capital Group.

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About B Capital Group
B Capital Group is a global venture capital firm that invests in pioneering healthcare, fintech, industrial logistics and consumer enablement companies that are primed to scale across the global stage. Founded in partnership with The Boston Consulting Group and its incubation arm BCG Digital Ventures, B Capital Group delivers unique access to top corporations to match cutting-edge start-ups with the world’s leading CEOs, platforms, and brands. Existing portfolio companies include CXA, Evidation Health, iCertis, INTURN, Lanetix, Ninja Van and SilverCloud Health. For more information, visit www.bcapgroup.com.

About Seven Peaks Ventures
Seven Peaks Ventures is Oregon’s largest and most active early stage venture capital fund backing the next generation of technology-driven software companies that are transforming business operations and efficiencies. We apply decades of experience building category leading startups as well as an extended network of corporate partners to help provide our entrepreneurs with an unfair advantage to grow and scale their businesses. For more information, visit www.sevenpeaksventures.com.

Contact Info:

Contact for Bright.md and Seven Peaks Ventures
Theresa Maloney
Congenta Communications
(415) 225-5261
theresa@cogentacom.com

Contact for B Capital Group
Erin Smith
Edelman for B Capital Group
(212) 738-6132
BCapital@edelman.com

See how SmartExam can work for you

Contact Bright.md to schedule a demo and experience the product from all perspectives.

Bright.md

510 SW 3rd Ave
Suite 300
Portland, OR 97204

877.888.5242
jr@bright.md