Olio, a Carmel, Ind.-based collaboration platform that digitally connects hospital and physician teams with post-acute providers around the patient’s healthcare episode type, raised $2.5m in seed funding.
Backers included Innovatemap Ventures.
The company intends to use the funds to further scale the technology, expand nationally, innovate with its clients, and grow its engineering, marketing, and customer success teams.
Led by Ben Forrest, founder and CEO, Olio provides a secure platform that enables collaboration between acute and post-acute healthcare providers, so patients receive more coordinated care. The platform gives hospitals, physicians, and their teams clear and immediate insights into their patients’ conditions across the post-acute environment (skilled nursing facilities, home health agencies, and outpatient physical therapy) to improve clinical outcomes and lower costs.
Olio has partnered with progressive Midwest healthcare providers, who are engaged in value-based arrangements including Medicare Advantage, Managed Medicaid, BCPI-A, ACOs, and other risk-bearing healthcare reimbursement models. Olio is in the process of implementation with additional health systems, physicians, and post-acute providers committed to technology-enabled solutions to improve patient care and experience across the care continuum.