Healthify, a NYC-based community referral and social determinants management platform, closed a $6.5m Series A funding round.
The round was led by BlueCross BlueShield Venture Partners (BCBSVP) with participation from Primary Venture Partners (PVP) and Activate Venture Partners (AVP). In conjunction with the funding, Tom Hawes, Managing Director of Sandbox Industries, will join the Board of Healthify representing BCBSVP.
The company, which has raised over $9.5m through investments, grants and awards to date, intends to use the funds to expand its care coordination product suite and grow its network of customers and social service partners.
Led by Manik Bhat, co-founder and CEO, Healthify provides a platform that allows care teams to search for community services across a database of more than 200,000 social services, screen patients for social needs, and coordinate electronic referrals with community based organizations. The platform generates social determinant data which can be integrated into case management or electronic health record systems providing enriched patient information to support population health initiatives.
The company works with managed care plans and healthcare providers in 30 states, helping more than 15,000 healthcare staff coordinate the care of nearly five million Medicare Advantage and Medicaid beneficiaries.