Shifting sufferers from one care setting to a different is one among healthcare’s riskiest and most fragmented moments. Every transition entails a number of handoffs between completely different suppliers and techniques — with each one among these introducing alternatives for data to be misplaced, delayed or misinterpreted.
This week, a Boston-based startup aiming to handle this downside raised hundreds of thousands of {dollars} in seed capital.
Cascala Well being closed a $8.6 million seed financing spherical, taking its fundraising whole to $11.23 million. The spherical was co‑led by Flare Capital Companions and Eniac Ventures, with participation from Digital Well being Enterprise Companions, Omega Healthcare Buyers, Tau Ventures and Ziegler Hyperlink-age Fund.
The startup, which was based a few yr in the past, makes use of AI to enhance care transitions by enabling simpler data circulation and employees communication. Its platform flags dangers in actual time and helps care groups act earlier than they flip into emergencies.
By figuring out dangers early, the platform may help cut back pointless hospital readmissions, famous Cascala CEO Matt Murphy. He additionally highlighted personalised interventions can result in higher restoration and satisfaction charges.
“Sufferers, caregivers, suppliers and risk-bearing organizations are saved knowledgeable of the affected person’s situation, dangers, and necessities, making certain everyone seems to be aligned in delivering optimum care,” Murphy stated.
Cascala’s expertise pulls collectively affected person knowledge from completely different sources, reminiscent of hospital data, lab outcomes and clinicians’ care notes, and immediately turns it into an easy-to-read abstract, he defined.
He added that the platform gives explainable, auditable outputs so clinicians can belief the suggestions. It additionally emphasizes collaboration with physicians and goals to maintain them in management by supporting the care plan they deem acceptable.
Total, the startup seeks to repair the essential ache factors in care transitions on behalf of accountable care organizations, risk-bearing suppliers and well being plans, Murphy famous.
He identified that attaining this can decrease the entire price of take care of risk-bearing organizations. Stopping readmissions and issues avoids costly hospital stays and emergency care, that are the largest drivers of spending throughout care transitions.
In Murphy’s eyes, a few of Cascala’s predominant rivals embrace corporations like Wellsky and Optum, which supply post-acute coordination instruments, in addition to corporations like Innovaccer and Well being Catalyst, which offer broader inhabitants well being knowledge platforms. He believes Cascala differentiates itself from the competitors as a result of it was constructed from the group up for care transitions fairly than broad knowledge administration.
“It makes use of clinically accountable, AI-driven reasoning to generate actionable, context-aware insights — not simply dashboards,” Murphy said.
He additionally talked about there are additionally some EHR-native instruments that help higher care transitions, however these are restricted to their very own ecosystems.
Cascala at the moment serves greater than 1,000 acute and post-acute services, which take care of greater than 300,000 sufferers.
Photograph: Alvaro Gonzalez, Getty Photographs
