NextHealth Technologies Inc., a Denver, CO-based prescriptive analytics and consumer engagement platform, completed an $8.5M Series A round of funding.
The round was led by Norwest Venture Partners, with participation from existing investors.
The company intends to use the funds to grow its engineering team and deliver system enhancements to its enterprise platform.
Led by Eric Grossman, CEO, NextHealth Technologies provides a SaaS-based enterprise platform that identifies and targets high-cost plan members, prescribes and delivers member-level actions and then measures and optimizes outcomes.
The system supports over 30 use cases, including ER visit reduction, out-of-network reduction and member retention.