Curation Health – a clinical decision support platform developer for value-based care, has announced the completion of a Series A financing round for an undisclosed amount.
The round was led by Deerfield Management Company and supported by existing investor WindRose Health Investors.
The company plans to use the latest funding for strategic hires to support continued customer growth and expand its platform that helps clients manage risk contracts and improve quality.
“Curation Health’s clinical decision platform was created to support the performance of providers and health plans in a streamlined and simplified way, and the team has proven its ability to help its partners capture the full value of care,” said Adam Grossman, Partner at Deerfield.
Adam Grossman added: “As more providers and health plans transition to value-based care, we are confident that Curation Health will scale quickly and support more organizations by deploying curated insights through a precise clinical documentation workflow.”
According to the company, the clinical decision support platform for value-based care drives more accurate risk adjustment and improved quality program performance by curating relevant insights from disparate sources and delivering them in real-time to clinicians and care teams.
Using the platform, clinicians can streamline, comprehensive clinical documentation process that enables better clinical and financial outcomes while simultaneously reducing clinical, administrative burdens on providers, the company said.
Curation Health reported 125% growth in its client base of providers and health plans. Clients include academic medical centers and primary and specialty care in the home.
Kevin Coloton, founder and CEO of Curation Health, said: “Our team at Curation is focused on helping customers drive more accurate and compliant risk adjustment and quality performance by enabling efficient pre-visit reviews, integrated point-of-care guidance, and post-visit documentation workflows. This latest infusion of funding will be used to further empower our customers’ value-based care teams with even stronger tools and support.”
Clinical Decision Support software companies raised over $500 million in 1H 2020, according to Mercom’s latest report.
Image Credit: Curation Health