Population health management solution provider Guidehealth raised USD 14 million in seed funding led by Memorial Hermann Health System, with participation from entrepreneur Sidd Pagadipati, other healthcare investors, and industry leaders. The company founders also invested their own money in the round.
The new funds will be used to invest in technology, continue improvements to Arcadia's managed services organization, which Guidehealth acquired last December, and expand its services nationally.
Guidehealth uses AI to help health systems and providers manage patient care more effectively. Its platform predicts which patients might need extra attention to prevent health issues. It also provides virtual tools for patients and doctors, helps connect patients with their communities, and improves healthcare workflows. The company has expanded to four states since its founding last year and expects to double its revenue by the end of next year.
Analyst QuickTake: Funding in the population health management platform space has been active in the past year, with HealthArc securing USD 5 million in April and Valendo Health raising USD 4 million in seed funding in January.
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