Memora Health Announces $30M Investment to Scale Intelligent Care Enablement Platform With New Health System Partners

The strategic investment was led by General Catalyst and a cohort of leading health system partners and will enable care teams to give more patients a high-touch care experience Memora Health, the leading intelligent care enablement platform, today announced a strategic investment of $30 million led by General Catalyst with participation from Northwell Holdings, the venture investment arm of Northwell Health, NorthShore – Edward-Elmhurst Health, PagsGroup, and other strategic investors. The funding also included follow-on investments from existing investors Andreessen Horowitz, Transformation Capital, and Frist Cressey Ventures. Healthcare is at an inflection point. Care delivery is increasingly shifting out of the four walls of the hospital, and the lack of necessary infrastructure to support this transition is breaking how providers operate. Health systems nationwide are struggling under a rapidly growing barrage of patient messages and calls fueled by poorly conceived, first generation patient experience and clinical workflow tools. According to a 2022 study, inbound patient messages have increased 157 percent over the last three years. At the same time, providers are facing an unprecedented shortage in staff; a recent study by the AMA cited a burnout rate of 63 percent among clinicians while Bain & Company reported that 25 percent of U.S. clinicians are considering leaving the profession altogether. As a result, today’s healthcare system all but prohibits the h...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Andreessen Horowitz Care Delivery Chris Bischoff Dr. David Lubarsky Dr. Toby Cosgrove Edward Elmhurst Health Frist Cressey Ventures General Catalyst Health IT Funding Health IT Fundings Health IT Inv Source Type: blogs