Bardavon Health Innovations, a Workers' Compensation digital health company, has secured $90 million in funding to expand its musculoskeletal technology platform, the company said Oct. 20.
Bardavon works with various stakeholders and uses data analytics to better manage claims and connect members to injury prevention, treatment and work-readiness services across its network, which offers physical therapy coverage in 50 states.
The company plans to use the series C $90 million funding round to expand capabilities of its digital health technology platform that connects Workers' Compensation patients to clinical physical rehabilitation services, as well as roll out new offerings and services to all payer classes.
Matrix Capital Management, a public and private investment firm, led the funding round and was joined by growth equity firm WestCap.
Zane Burke, former CEO of Livongo Health and president of Cerner, joined the board of directors at Bardavon in February. The company was founded in 2014 by CEO Matthew Condon. Since its inception, the company has extended 90 percent of its national physical therapy network coverage across the U.S., according to a news release shared with Becker's.