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U.S. Insurtech Startup ChronWell Secures $2.8 Million Through Latest investment Round

Chronwell, a U.S. insurtech startup for the workers’ compensation industry, announced earlier this week it secured $2.8 million in funding, which brings its total capital raised to $7.8 million

Founded in 2017, Chronwell claims it is focused on providing the “highest level” of empathy-driven care to the injured worker through a hybrid of human and technology-driven approaches. The company’s Early Intervention Program provides a new way of insurers and employers to engage with injured workers. This program includes the following:

  • Case management for all injuries from the onset of the injury

  • Empathy-driven Care Coordination

  • Continuous Risk Profiler including an in-depth psycho-social evaluation

  • Early detection of red flags and actionable recommendations for course correction

  • Optional Technology – intelligent and intuitive technology to optimize and augment the efficiency of the human agents

Joe Rubinsztain, CEO of ChronWell, further explained:

“Patient advocacy and empathy are core components of ChronWell’s service, not just add-ons. By coupling that with our advanced technology, we can ensure early intervention for each case, thus minimizing the impact of workplace accidents for all parties involved.”

In regards to what the latest funding will go towards, Rubinsztain added:

“This new capital will allow us to develop our technology platform further and build on the success we’ve already seen with our client in improving the recovery process for injured workers while bringing down costs for employers.”

Source: Crowdfund Insider

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