RightCare, a medical technology company based in Philadelphia, has received $4 million in additional capital from NewSpring Health Capital, the healthcare fund of Radnor, Pa.-based NewSpring Capital.
RightCare plans to use the money to accelerate and broaden the commercial growth of its end-to-end software. RightCare's software is made up of three modules that collectively assess patient risk and needs at time of admission (RightCare Risk Assessment), coordinate post-acute care (RightCare Coordination Central) and transition patient information to post-acute care providers (RightCare Post Care Connect).
In addition to the investment, Brian Murphy, NewSpring Capital's general partner, has been named to RightCare's board of directors.
"We are thrilled to add [RightCare] to our growing portfolio of successful healthcare companies," Mr. Murphy said. "I am excited about RightCare's position in the healthcare technology sector and look forward to being a part of its growth as a board member."
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