Phrase Health

Overview
News
Hospital Management?
Product stageSegments
Seed
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Healthcare analytics and business intelligence software
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Phrase Health is a healthcare technology company that specializes in clinical process improvement analytics. Founded in 2018, the company spun out technology developed at Children's Hospital of Philadelphia. Phrase Health's core offering is a software platform that provides web-based analytics dashboards and collaboration tools to help healthcare organizations optimize workflows and manage electronic health data. The company's solution enables healthcare providers to better understand clinical processes and electronic interventions such as alerts and order sets. By analyzing data from electronic health records (EHR), Phrase Health's platform allows healthcare systems to identify variations in clinician ordering practices, review order set utilization, and monitor adjustments. This approach helps organizations develop targeted intervention strategies to improve quality of care and reduce costs. The company's customer base includes academic health systems, community health networks, and stand-alone pediatric hospitals.

Key customers and partnerships

In March 2022, Phrase Health entered into a strategic partnership with Vizient, Inc., the largest member-driven healthcare performance improvement company in the US. This collaboration integrated Phrase Health's technology into Vizient's Clinician Decision Analytics offering, enabling Vizient's member healthcare organizations to capture near real-time data from electronic health records and gain insights into clinician ordering practices. The partnership aimed to help healthcare systems quickly identify opportunities to reduce variation, leading to lower costs and improved care. Phrase Health's dashboards were designed to complement Vizient's Clinical Data Base, simplifying complex data analysis processes and helping health systems better understand the reasons behind their quality improvement efforts.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
2001 MARKET STREET SUITE 2500 Philadelphia PA USA
Founded year:
2018
Employees:
1-10
IPO status:
Private
Total funding:
USD 6.7 mn
Last Funding:
USD 2.0 mn (Grant; Aug 2024)
Last valuation:
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Key competitors
 
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Company profile
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