Outcome Health, a New York City and Chicago, IL-based health tech company, reportedly raised nearly $600m financing round.
Investors in the round, which valued the company at $5 billion pre-money, included Goldman Sachs Investment Partners, Alphabet’s growth equity investment fund CapitalG, Leerink Transformation Partners, Pritzker Group Venture Capital, Balyasny Asset Management, among many others, as well as strategic health systems and healthcare stakeholders.
The company intends to use the funds to expand its reach from 20% to 70% of all U.S. physician practices by 2020 as well as to grow across emerging opportunities such as clinical trials, payers, pharmacies and international markets.
Founded in 2006 by Rishi Shah and Shradha Agarwal, Outcome Health partners with healthcare providers to serve actionable health intelligence at the moment of care to improve patient outcomes.
One of the company’s exam room technologies is its Digital Anatomy Board, which facilitates effective communication through 3D anatomical diagrams that physicians can annotate during patient consultations to visualize the patient’s medical condition, related symptoms and treatment options.
Outcome Health, which currently partners with 231,000 large healthcare systems, private physician practices, medical associations, global life sciences companies as well as pharmacies and payers nationwide to impact 500 million patient visits annually, and employs more than 600 people.