Complex care start-up Memora Health earns $30 million

Memory Healtha complex care management platform, secured a $30 million strategic investment led by General Catalyst with participation from Northwell Holdings, PagsGroup, NorthShore – Edward-Elmhurst Health and others.

In addition, existing investors Transformation Capital, Andreessen Horowitz and Frist Cressey Ventures provided follow-on investments.

WHAT THEYRE DOING

Memora Heath is an AI-powered platform that helps providers manage complex care needs, including automated reminders, messaging, scheduling, and metrics.

The funds will be used to scale the company’s platform with new health systems.

“We believe Memora Health is fundamentally transforming the delivery of care,” Chris Bischoff, CEO of General Catalyst, said in a statement. “Their intelligent care activation platform has found what we see as a unique balance between empowering care teams to deliver a highly tactile care experience to every patient while keeping patients with seamless care journeys. committed and proactive in their care. All of these are core elements of our health insurance thesis and we look forward to our collaboration with Memora as they reimagine the patient care journey alongside a growing number of leading healthcare systems. plan.

MARKET OVERVIEW

In 2022, Memora Health secured $40 million in funding.

The Mayo Clinic also announced a research program where the health system would work with Memora Health to explore ways to expand care for postpartum patients at home.

The company has established many partnerships over the past year, including with perinatal and prenatal health AI company PeriGen, South Jersey Health System Virtua Health, Moffitt Cancer Center cancer research and care institute, UP multi-specialty medical group Luma Health medical and patient engagement platform .

Zenobia Brown will offer more details during the HIMSS23 session “Views from the Summit: Can Technology and Innovation Advance Behavioral Healthcare?” It is scheduled for Tuesday, April 18 from 10:30 a.m. to 11:30 a.m. CT at the South Building, Level 1, Room S100 B.

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