NAPLES, Fla. (July 27, 2020) — Tamiami Angel Fund III, Florida’s largest angel fund, invested in Wellbox, a health care technology company that is benefiting from the current boom in virtual care driven by medical providers who have recently adopted remote management mandates in response to the COVID-19 pandemic.
Tamiami Angel Fund III invested $625,000 into Wellbox, based in Jacksonville, Florida. Wellbox is the 16th company in the portfolio of Tamiami Angel Fund III.
Founded in 2015, Wellbox was formed to help health care providers manage patients with chronic illnesses who are on Medicare, the government health-insurance program for older Americans. Wellbox has since expanded to new markets, including provider-directed care management and employee-care management for self-funded employer plans.
“We provide a turnkey solution for providers who want to offer that extra care for their panel of patients but do not have the resources to support such a program,” says Nathanial Findlay, chief executive officer and founder of Wellbox. “From identifying eligible patients to managing enrollments, providing telehealth coaching and processing Medicare reimbursement and employer billing, we offer a seamless program for any size provider group.”
Over the last two years, Wellbox has performed more than 250,000 chronic-care management visits across the nation, pairing experienced registered nurses with technology to boost patient engagement and compliance between office visits.
“I am really proud of the service we provide at Wellbox,” says Findlay. “Not only are we improving the outcomes and quality of life for the patients we serve, but we are driving down the cost of these high-risk, high-cost patients to our health care system. It’s a win-win.”