Watershed Health

Watershed Health is a healthcare technology company that provides a care coordination platform to facilitate seamless communication, collaboration, and data sharing across the entire healthcare ecosystem. The company's software-as-a-service (SaaS) platform offers real-time, data-driven insights to healthcare providers, empowering them to make informed and effective clinical decisions.

Watershed Health's platform connects various stakeholders, including health plans, hospitals, post-acute care facilities, primary care providers, and community-based organizations. By integrating with existing digital tools, health information exchanges (HIEs), and electronic health records (EHRs), the platform bridges the gaps in integration and real-time collaboration.

The platform curates and delivers relevant clinical data to providers at the point of care, enabling them to access comprehensive patient information, such as health status, social determinants of health, location, and involved care team members. This streamlined access to data facilitates smooth care transitions, reduces duplication of services, and prevents medication errors and delayed diagnoses.

Watershed Health's platform also offers a virtual workspace for providers to collaborate, ask questions, and solve patient problems. It promotes accountability in care coordination by generating proprietary quality measures visible to other providers and payers seeking high-impact care partners.

The company's business model involves partnering directly with health plans, which subsidize the cost of its platform in communities where their members receive care. This approach allows Watershed Health to typically provide its platform at no cost to community providers in these markets.

In May 2024, Watershed Health secured USD 13.6 million in funding to meet the growing demand for its platform and expand its operations nationwide. The company reported significant cost savings and improved patient outcomes for its customers, with Springhill Medical Center cutting hospital readmissions by half after implementing Watershed Health's platform.