Guide Healthan AI-powered value-based care provider for healthcare systems, announced that it has closed a $14 million seed funding round.
Memorial Hermann Health System, healthcare entrepreneur Sid Pagadipatti, and other healthcare leaders and investors participated in the round.
What it does
Guidehealth provides a value-based care platform that provides AI insights into the specific treatments patients need before preventable health problems occur.
The platform also provides a virtual health guide for patients and providers, as well as community connection and engagement, and workflow-focused tools.
“Memorial Hermann is an internationally recognized clinical leader with a brand synonymous with excellence in patient-centered, community-based healthcare. It is an honor to receive this financial support, and the strategic expertise they provide is invaluable,” Guidehealth founder and CEO Dr. Sanjay Doddamani said in a statement.
“We will continue to enhance the data sets and clinical services that power our award-winning value-based care platform as we transform care delivery for health systems and affiliated physician networks.”
Market Snapshot
Acquisition of Guidehealth In December, it announced the acquisition of Arcadia, a healthcare data analytics company, into its value-based care services division and managed services organization.
The company also signed an agreement to leverage Arcadia’s data analytics platform to power the acquired products.
In July, the company partnered with a California-based virtual specialty care provider. Story Health develops cardiology programs for hospital systems and clinical integration networks based on a value-based care model.
The program focuses on providing treatment to at-risk individuals and assisting treatment providers to ensure that patients continue to receive treatment according to their treatment plan.
Other digital health companies focused on delivering value-based care include: There’s Aledade, which raised $260 million in funding last year, and Pearl Health, which provides a technology platform for primary care providers in value-based health systems.
Jinju Island It announced a partnership with Walgreens in 2023 and raised $75 million in Series B funding.
Earlier this year, Lumeris, a value-based care strategy, technology and operations company, has secured $100 million in equity capital.
