CareSpan Health

What CareSpan Health does

CareSpan Health, Inc. is a publicly traded digital healthcare company (TSXV: CSPN) headquartered in Vancouver, BC, that operates the Clinic-in-the-Cloud integrated digital care platform. The platform combines telemedicine, remote patient monitoring, dynamic documentation, and clinical, financial, and operational data into a single workflow designed for primary and behavioral/mental health delivery. The company's customer thesis targets the 81 million Americans in primary care shortage areas and approximately 120 million in mental/behavioral health shortage areas. CareSpan also owns and operates two provider networks: American-APN, described as the first and largest U.S. network of independent nurse practitioners focused on primary care, and American MedPsych Network, which provides behavioral and mental health specialists integrated with primary care. The only named external enterprise customer disclosed is Global Health (Houston Area Safety Council), which used CareSpan's COVID-19 Screening-and-Response Program.

The company generates revenue through subscription and recurring fees for its digital care platform, alongside managed services including revenue cycle management, credentialing, and payer contracting provided to healthcare provider networks. Go-to-market is primarily enterprise field sales supplemented by channel partnerships, including the company's own provider networks. CareSpan is pursuing a strategic transformation via the announced (Feb 2025) acquisition of Medtech AI Inc. for approximately CAD $18.3M, which would deliver a 27% equity stake in Oxford Immune Algorithmics and licensing rights to its AI-powered immune monitoring and remote blood analytics platform covering the Philippines and broader far-east Asia. The company plans to rename to AGI Health Inc. post-close, supported by a concurrent CAD $3-5M financing round.

Name

CareSpan Health

Legal name

CareSpan Health, Inc.

Website

https://carespanhealth.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

CareSpan Health operates the Clinic-in-the-Cloud integrated digital care platform and owns two provider networks—American-APN (independent nurse practitioners) and American MedPsych (behavioral health specialists)—to deliver primary and behavioral care to underserved U.S. populations via telemedicine and remote monitoring.

Ownership category

akta.pro rank

Product category

Digital Health Platform

NAICS

Ambulatory Health Care Services (621), Home Health Care Services (621610), Services for the Elderly and Persons with Disabilities (62412)

SIC

Services-Health Services (8000), Services-Prepackaged Software (7372), Services-Misc Health & Allied Services, Nec (8090)

akta.pro primary industry

Care Navigation, Referral & Digital Front Door Platforms (HLALABAH)

akta.pro secondary industries

Care Management & Coordination Platforms (case/disease management workflows) (HLACAHAD), Virtual Nursing, Telemonitoring & Command Center Platforms (HLACAFAH), Behavioral Health-Integrated Chronic Care (SUD comorbidity, collaborative care) (HLALAFAK)

Keywords

• Digital health platform
• Integrated care delivery
• Telemedicine services
• Remote patient monitoring
• Virtual care networks

Headquarters

HQ city

Boulder

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Digital Care Platform Services: CareSpan generates revenue through its integrated digital care platform provided to healthcare provider networks. The platform is offered to nurse practitioner networks and behavioral health providers as a software and services solution.
2. Business Support Services: Revenue from business support infrastructure provided to professional networks including American-Advanced Practice Network and AmericanMedPsych Network, including revenue cycle management, credentialing, and payer contracts.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

CareSpan Health develops and operates the Clinic-in-the-Cloud™ integrated digital care platform, which combines telemedicine, remote patient monitoring, dynamic documentation, and clinical/financial/operational data integration into a single system. The company enables healthcare provider networks — American-APN (Nurse Practitioners) and American MedPsych Network (behavioral health) — to deliver primary care, chronic care, and mental/behavioral health services to underserved populations. It also provides business support services such as revenue cycle management, credentialing, and payer contracting to its provider networks.

Product overview

CareSpan Health is a healthcare technology and services company offering the CareSpan Clinic-in-the-Cloud™ as its core integrated digital care platform. This platform integrates patient integration, provider integration, technology integration (remote monitoring, telemedicine, dynamic documentation), and data integration (clinical, financial, operational) into a single unified system. The company also operates two professional networks—American-APN (American-Advanced Practice Network) and American MedPsych Network—that leverage the Clinic-in-the-Cloud platform to deliver primary care, chronic care, urgent care, and mental/behavioral health services to underserved populations. Additionally, the company has launched specialized programs like the COVID-19 Screening-and-Response Program and is expanding into AI-powered immune monitoring through the pending acquisition of Medtech AI Inc.

Differentiator

Problem solved

Functional benefit

Brands

• Clinic-in-the-Cloud™: CareSpan's integrated digital care platform that seamlessly integrates digital care tools, capabilities and data in one place
• American-APN (American Advanced Practice Network)
• AmericanMedPsych Network

Products and services

• CareSpan Clinic-in-the-Cloud™

Quantifiable outcome

• 81 million Americans in primary care shortage areas addressed
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Medtech AI Inc.coreStrategic or Co-development Partner · 13 February 2025CareSpan entered into a binding definitive agreement to acquire all issued and outstanding shares of Medtech AI Inc. via three-cornered amalgamation. Medtech's sole asset is a 27% equity investment in Oxford Immune Algorithmics. Post-closing, Medtech will appoint two board nominees to CareSpan's board.
• Oxford Immune AlgorithmicscoreTechnology or IntegrationOxford developed a proprietary immune monitoring platform for blood analytics and remote health monitoring using artificial intelligence. CareSpan will gain licensing rights to use the Platform in select global regions including Philippines and far-east Asia upon completion of the Medtech acquisition.
• 1001132953 Ontario Inc.minorStrategic or Co-development PartnerOntario corporation created as part of the three-cornered amalgamation structure for the Medtech acquisition transaction.
• Global Health (Houston Area Safety Council)minorChannel Partner/ Reseller/ DistributorGlobal Health, the occupational medicine arm of Houston Area Safety Council, is a CareSpan client offering the COVID-19 Screening-and-Response Program to industrial employer clientele in energy, refining, chemical, and construction sectors.
• American-APNcoreChannel Partner/ Reseller/ DistributorAmerican-APN is the first professional 'group practice without walls' network of Nurse Practitioners using CareSpan's digital care platform for care delivery. The first clinicians using the CareSpan COVID-19 S&R Program were members of American-APN.

Scale indicators9 records

Recent moves3 records

Expansion highlights5 records

Broad incumbents

• Teladoc Health: Largest publicly traded virtual care platform offering general medical, behavioral, and chronic condition telehealth to enterprises, health plans, and consumers. Comparable as a provider-integrated virtual care platform, though at vastly greater scale and with a much broader multi-specialty portfolio.
• One Medical (Amazon One Medical): Membership-based primary care platform combining in-clinic and 24/7 virtual care with integrated technology, now part of Amazon. Comparable in delivering tech-enabled longitudinal primary care, though with a hybrid in-person footprint.
• MDLive (Cigna Group / Evernorth): Virtual care platform integrated with Cigna's health plan distribution, offering primary care, behavioral health, and dermatology. Comparable in delivering multi-specialty virtual care inside a payor-aligned delivery system.
• Hims & Hers Health: Direct-to-consumer telehealth platform with proprietary technology, provider network, and pharmacy fulfillment across primary care, mental health, and chronic conditions. Comparable in scale of virtual clinical operations and integrated software-plus-services stack.

Emerging players

• K Health: AI-driven primary care platform that combines a consumer chat symptom checker with clinician visits and integrates labs and chronic-condition management. Comparable as an AI-augmented virtual primary care competitor for underserved and value-based populations.

Direct peers

• HealthTap: Virtual primary care platform combining AI-driven triage with U.S.-board-certified physician visits delivered via employer, health plan, and direct consumer channels. Directly comparable in providing integrated virtual primary care to underserved and employer populations.
• Amwell (American Well): Enterprise telehealth platform sold to health systems, health plans, and clinicians with integrated patient, provider, and data workflows. Closest direct peer to CareSpan's Clinic-in-the-Cloud, particularly on provider-network integration and remote monitoring.
• 98point6: AI-assisted virtual primary care platform serving health systems, employers, and health plans with text-based and video visits. Comparable in targeting primary-care access gaps via a software-forward, provider-supervised virtual clinic model.
• Included Health (formerly Doctor On Demand): Integrated virtual primary care and behavioral health platform delivered through employer and health plan channels. Directly comparable to CareSpan's combined primary + behavioral model targeting underserved and enterprise populations.

Regional players

• Livi (European telehealth): European provider-integrated virtual care platform owned by Kry, delivering digital-first primary care to health systems and patients across the UK, France, Sweden, and Germany. Comparable as a provider-integrated virtual care platform, though operating regionally outside the U.S.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/carespanhealth
• LinkedInlinkedin.com/company/carespan

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds6 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CareSpan Health