Carepoynt Continues Impressive Growth Trajectory Through Q2 and Into Q3; Expands Carepoynt Community and Initiates Series A Venture Round
Sep. 05, 2018
NEWPORT BEACH, Calif., Sept. 05, 2018 (GLOBE NEWSWIRE) -- Carepoynt —a leading health and wellness-focused rewards company—is pleased to announce another strong quarter marked by exponential growth across all key performance indicators. The company has more than doubled its customer base of partners and members in the Carepoynt Community since launch, and is now adding new platform capabilities, program features and go to market partnerships and customer segments as it approaches its first anniversary after launch. Carepoynt has also partnered with a leading investment advisory team at US Capital Global to initiate a growth focused/Series A venture funding round aimed at generating $5 million in equity investment to fuel further development of the platform, grow and monetize its member base and significantly scale its thriving community of providers, partners, employers and payers.
Carepoynt has been proactively innovating and investing in its ‘Rewardsware for Healthcare’ platform and program over the past year as the leader of a new ‘connected community’ marketplace of health and wellness focused partners, providers, employers and payers—and the early results and interest are very encouraging. The company will next be launching Carepoynt Rewards for Employers and Payers to help make Healthcare ‘more rewarding for all’ by encouraging and enabling more awareness, engagement and value from their healthcare and wellness experiences as well as helping better manage healthcare costs for the multiple stakeholders that play a part in our costly and chaotic healthcare marketplace. Carepoynt is also excited to begin testing early releases of some of its new Carepoynt Pryme™ Beta program features with select members and partners in the Carepoynt Community over the remainder of 2018, which includes several compelling new features and rewards, and even more rewarding and engaging user experiences and UX design for members and partners.
“We had a killer second quarter and we continue to amass a growing body of both traditional healthcare system providers as well as hundreds of national, local and online health and wellness partners, products and services,” said CEO and Founder, Tim Stanley. “Our operational focus combined with the commencement of our Series A growth-focused investment round will add rocket fuel to our ability to continue to rapidly grow and optimize the Carepoynt Community and invest in the next phase of our Rewardsware for Healthcare platform. We expect the impact of these exciting new milestones to further accelerate company growth through the remainder of 2018.”
Carepoynt is pleased to report the following milestones from Q2 2018 and the start of Q3 2018:
-- Growth in the Carepoynt member base to nearly 20,000+ with members now in all 50 states -- Increased Carepoynt member transactions by over 40 percent to nearly 70,000+ to date -- Doubled business development success by growing the Carepoynt Community of earn and/or redeem partners to approximately 500+ national, local and online options -- Launched the Carepoynt mobile app on both the Apple Store and Google Play to bring an even more engaging, interactive and persistent multi-channel experience to the platform -- Established new strategic ‘go-to-market’ partnerships with key players and complimentary solutions -- Completed an oversubscribed Seed funding round of approximately $2 million to achieve company validation -- Completed design, initial development and launch of several new platform features including the Carepoynt Connect API, Carepoynt Rewards for Employers and a new Carepoynt Pryme Beta program now in testing
Founded in 2016 and launched in fall of 2017, the Carepoynt Community has quickly grown to nearly 20,000 members, 500 partners and 70,000 transactions in less than a year after launch. Members and partners in the Carepoynt Community use the Carepoynt Rewardsware for Healthcare™ CRM platform, multi-channel engagement program and Poynts™-based marketplace to achieve more rewarding healthcare and wellness experiences, and to deliver more value, improved alignment, better insights and rewards driven results for all.
With a proven team and well-rounded advisory board of trusted and forward-thinking professionals with ties to leading healthcare and other innovative businesses like Aetna, Kaiser, Stanford, Cedars-Sinai, Salesforce and many others, Carepoynt expects to play a significant market growth and leadership role in the rapidly emerging and fast-growing digital healthcare market transformation that is currently underway. The compelling consumer-centric engagement platform, program and network can be conveniently accessed via mobile or desktop device, allowing members to connect, align, engage and be rewarded for healthy choices. Partners include prominent brands like Fitbit®, CVS pharmacy™, GNC®, Amazon®, Whole Foods Market®, Nike®, Target®, Equinox®, F45 Training and NutriShop as well as hundreds of other local, national and online options. Additional features such as Share the Care™ and Carepoynt Cliques offer users the option to digitally donate Poynts to family, friends and nonprofits like CHOC, Make-A-Wish Foundation, Toys for Tots, Girls Who Code and more.
The new Carepoynt Growth focused venture round will be advised by US Capital Global—a San Francisco-based private financial group specializing in providing lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger companies and institutional investors. For more information about Carepoynt - or interest in this new investment opportunity – visit us at www.carepoynt.com or contact us directly at firstname.lastname@example.org.
ABOUT US CAPITAL GLOBAL: Since 1998, US Capital Global has been committed to providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors. The firm manages direct investment funds and provides wealth management and capital raise services. Operating with its registered investment bank affiliate, US Capital Global Securities, LLC, the firm acts as a licensed placement agent for companies, funds and projects, and collaborates closely with its peers in professional banking and investment advisory.
About Carepoynt: Carepoynt is the world's first health-focused rewards program, platform and network that puts consumers at the center of their own wellness experience. Developed in response to the costly, chaotic and uncoordinated healthcare ecosystem, Carepoynt is a compelling consumer-centric program built around a multi-channel, cloud-based Rewardsware for Healthcare™ platform where members can connect, align, engage and be rewarded within a trusted network of health-focused providers, payers, employers and strategic partners. With Carepoynt, it’s easy for members to earn redeemable Poynts™ by participating in healthy activities, engaging in CarePlans or promotions and making smart health -and wellness-related purchases. Carepoynt’s mission is to encourage healthier living, enhance value and improve the results of health investments, and enable more engaging experiences and better outcomes across the healthcare and wellness ecosystem. Carepoynt can also be leveraged for employer- or insurer-based wellness programs to foster smarter care planning and better results for patients and providers, and also delivers more purpose-driven relationships between health-oriented brands and consumers. Members can succeed by focusing on better value, lower costs and improved results by participating in this shift towards a healthier society. From Rewards to Results > Carepoynt Makes Healthcare More Rewarding for All™. Follow Carepoynt on Facebook, Twitter, and LinkedIn. To learn more, visit carepoynt.com. For more information or to connect with Carepoynt, email us at email@example.com.
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