Startup profile · funding coverage
PatientPing funding, valuation and investors
National ADT care-coordination network, now part of Bamboo Health after Appriss Health acquisition.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series C
$60M · June 2020
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$92M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
acquired
acquired · Boston, MA
Investors in latest funding
Other: Andreessen Horowitz , F-Prime Capital , First Round Capital
Overview
PatientPing (now part of Bamboo Health) built a national admission-discharge-transfer (ADT) notification network so care teams receive real-time alerts when patients enter hospitals or emergency departments. Andreessen Horowitz led a $31.6M Series B in December 2016 and co-led a $60M Series C in June 2020 with F-Prime Capital, GV, and Transformation Capital. The network connected 1,000+ hospitals and 5,000+ post-acute facilities. Appriss Health acquired PatientPing in May 2021; the combined entity later rebranded as Bamboo Health.
Why PatientPing is interesting
Real-time hospital admission alerts for care managers scaled to 1,000+ hospitals — a16z and F-Prime co-led a $60M Series C months before CMS mandated ADT e-notifications.
Product & use cases
Real-time ADT event notifications connecting hospitals, ACOs, health plans, and care managers — enabling care coordination when patients move across settings.
- Hospital admission alerts for care management teams
- Care coordination across provider networks and post-acute facilities
- Population health workflow triggers tied to CMS e-notification requirements
Key facts
- Series B (Dec 2016): $31.6M led by a16z (PRNewswire)
- Series C (Jun 2020): $60M co-led by a16z and F-Prime; total funding exceeded $100M (Bamboo Health press release)
- Exit (May 2021): Acquired by Appriss Health; combined company valued at $1.5B+ (Bamboo Health)
- Network covered 135M patient ADT events for 43M lives at Series C announcement
Funding history (newest first)
Series C
2020-06 $60MSource: Read source · bamboohealth.com
Investors in our directory
Funds linked from PatientPing's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Neutral national ADT graph with broad provider participation — network effects in routing health events to the right care manager.
PatientPing won neutral ADT network position before consolidating into Bamboo Health's broader behavioral-health and care-coordination platform. CMS interoperability rules on ADT e-notifications reinforced demand at Series C timing.
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Collective Medical direct
Care collaboration and ADT alerts; now part of PointClickCare.
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Healthix adjacent
Regional HIE alert networks; less national scale.
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Epic Care Everywhere incumbent
EHR-native record sharing; less neutral cross-system network.
Notable stories
- PatientPing's June 2020 Series C landed as CMS finalized interoperability rules requiring hospitals to share ADT e-notifications — positioning the network as a compliance path for health systems (Bamboo Health press release).
- Appriss Health completed the PatientPing acquisition in May 2021; PE Hub reported a ~$500M valuation for PatientPing, and the combined company was valued at over $1.5B (Bamboo Health / Fierce Healthcare).
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover PatientPing's financing or category context.
FAQs about PatientPing
Practical answers founders, operators, and investors typically search for.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.