Florida based tech-enabled workers compensation platform ChronWell has raised a $4.5m Series A round from undisclosed investors.
The Series A round will be used to fund the first phase of the company’s innovative 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 Artificial Intelligence 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. This service, the only worker-centric, transparent, digitally enabled administrator to date, will help injured workers receive services faster to recover faster, ultimately reducing costs for employers by minimizing the number of injuries that become claims and the number of claims that become long-term indemnity claims.