Healthcare technology company PeerWell has raised $2.1 million in seed funding for its PreHab mobile app, which helps patients prepare for and recover from surgery. The round was led by XSeed Capital.
Founded in 2015 by Manish Shah, Navin Gupta and Evan Minamoto, PeerWell has been focused on its flagship PreHab programme for hip and knee replacement patients. The PeerWell PreHab app helps hip and knee replacement candidates optimise their health before surgery.
Leveraging evidence-based health science, the app delivers patients customised daily lessons that are proven to improve the results of surgery and speed up recovery. It also pairs each patient with real people undergoing a joint replacement at the same time, to encourage support and mentorship.
Manish Shah, CEO of PeerWell, said:
“Today the average surgery costs the same as living with diabetes for 33 years. The best way to reduce costs is to enable patients to be as strong, healthy and prepared as possible before their procedure. Unfortunately, today most patients are given a 50 page hard copy book of pre-op instructions which is an outdated and ineffective method for preparing patients.
“At PeerWell, we are establishing pre-surgical PreHab as the standard of care for all patients, providing an easy to use mobile app tool for surgery preparation. We designed PeerWell to make clinical workflow more efficient by automating everything a patient needs to get done before surgery. This is rare a win for hospitals, physicians and patients.”
The company will use the seed funding to enhance the platform by launching smartphone-based tracking for key orthopaedic outcomes including range-of-motion, sit/stand testing and six-minute walk tests. This round of funding will also allow PeerWell to continue its growth by accelerating the development of PreHab programmes for other major procedures, establishing new distribution channels for its existing orthopaedics business and investing in team growth at its San Francisco headquarters.