Good Methods Global offers a SaaS practice management solution for healthcare industry, raises Series A from Accel

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The healthtech startup also provides solution for automation of business functions, patient engagement, business intelligence tools, enterprise reporting and data analytics

The Good Methods Global team

Good Methods Global Inc. (GMG), a Kerala- and Orlando-based healthcare technology startup, has raised an undisclosed sum in Series A round of funding led by Accel Partners.

This brings the company’s total investment raised through three rounds of funding to date to over US$9 million.

The financing will be used to increase its sales effort and product adoption, as well as for product engineering and talent acquisition.

As part of the deal, Accel Partner Shekhar Kirani will join GMG’s Board of Directors.

Also Read: 12 medtech startups you should know if you’re in Asia

Started in 2015, GMG has developed a cloud-based practice management platform for the health and wellness industry in the US. Its first focus area is dentistry, and its partners include large dental groups and multi-location practice chains. It also provides solution for automation of business functions, patient engagement, business intelligence tools, enterprise reporting and data analytics.

Abilash Krishna, Co-founder and CEO of GMG, said: “With our first offering for dentistry, we are disrupting the status quo of how technology is leveraged by dental clinics in North America for improving clinical efficiency and business management. Our vision is to be the #1 SaaS platform with enterprise grade tools to improve care coordination and practice profitability.”

Currently, GMG employs 150 people, with plans to hire 100 more people over the next six months. Going forward, GMG plans to expand its team in India and the US.

This is the first investment in Kerala by Accel Partners, the Silicon Valley-headquartered VC fund whose portfolio includes Flipkart, Freshdesk, Myntra, BookMyShow and 100-plus other investments.

Shekhar Kirani, Partner at Accel said “GMG resonates with our ethos in disrupting a very large market with deep insight and well thought out execution plan. The consolidation happening in dental businesses in the US is pushing such a disruption in the healthcare technology space. GMG, with its deep product thinking has entered the market at the ripe time. They’re achieved commendable growth in the last two years and are aggressively exploiting this huge market opportunity.”

Image Credit: dotshock / 123RF Stock Photo

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Source: e27