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Healthcare Finance

Access Physicians Receives $9.3M in Funding to Expand Telemedicine Nationwide

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Dallas-based telemedicine company Access Physicians secured $9.3M in Series A funding from Health Enterprise Partners, a private equity firm focused on healthcare with financial backing from some of the largest health systems and health plans in the country.

“Today’s health care landscape continues to change rapidly. Telehealth is no longer the future – it is the present. The Texas Hospital Association identified a dependable telehealth partner for Texas hospitals in Access Physicians and we are excited to see what they do next,” said Ted Shaw, THA president and CEO via release.

The investment will allow Access Physicians to grow its multispecialty telemedicine services nationwide. The company already serves 153 hospitals in eight states and is endorsed by the Texas Hospital Association.

“Since founding Access Physicians in 2013, we maintained a singular focus on our mission to deliver timely, quality care to every patient in need. As a result, we successfully reconstructed the care experience for patients, hospitals, and physicians where clinical excellence, customer service, and financial sustainability are expected,” said Access Physicians CEO Dr. Chris Gallagher, via release.

Gallagher was impressed with HEP’s track record growing of quality healthcare companies, and felt they understood Access’ model and practice. “Access Physicians’ management team has cracked the code on how to successfully deploy acute care telemedicine at scale,” said Dave Tamburri, Managing Partner at HEP via release. Tamburri has joined the Access Physicians Board of Directors. “We immediately recognized the pedigree of their physicians, thoughtful program design and technology, and the outcomes they’ve produced with their customers. We see exciting opportunities ahead for the company to deliver those clinical and financial results in new markets.”