Reveal HealthTech provides cross-functional technology services to healthcare companies with its engineering, clinical, and strategic support, and aims to partner with US-based healthcare organisations to maximize patient health outcomes, the company said in a prepared statement.
Reveal HealthTech said it will utilise the capital to invest in further developing its service suite, establishing a wider customer base, and expanding its talent acquisition, training, and development efforts.
Reveal HealthTech aims to address three talent challenges faced by healthcare organisations – talent identification and selection, lack of healthcare domain expertise and high turnover among software teams at healthcare organisations.
"With technology spending in the US healthcare sector growing at 13% CAGR, and healthcare regulations constantly changing, there is a clear need for an agile and sector-focused technology services company that understands the challenges faced by other healthcare companies,” Pankaj Jethwani, partner, W Health Ventures, said.
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Set up in 2019, W Health Ventures invests in companies that address critical unmet healthcare needs to improve care delivery leveraging technology in the US and India.