ChronWell Raises $4.5M to Fix WC System

“America’s healthcare system is neither healthy, caring nor a system.”

Walter Cronkite.

Enter Florida-based ChronWell:

Think: an emerging startup-slash-PaaS company for the workers’ compensation insurance industry that just raised $4.5M in a Series A round. “Our mission is to use technology to bridge the gap between employee, employer and insurance company. In making the process more efficient, we will improve outcomes and help injured workers receive the care they deserve. Everyone agrees the workers’ compensation market is long overdue for disruption, and this is the right time to do it. We are thrilled to receive such strong support from our investors” – cofounder and CEO Joe Rubinsztain.

The Series A round will be used to fund the first phase of the company’s platform which covers triage, on-site care, care coordination and personalized assistance service. When an employee is injured on the job, a ChronWell health care professional backed by AI will determine the best course of action by recommending self-care, on-site care or a health care facility. The service provides follow-up with the worker and manages the claim.

“The current workers’ comp system is broken. We strongly believe in bringing compassion and empathy back into a system that is failing to serve those most in need” – cofounder and President, Salomon Sredni.