Socially Determined, a Washington, DC-based healthcare technology startup, closed an $11.1M Series A funding round.
Backers included Healthworx, the corporate investment and innovation arm of CareFirst BlueCross BlueShield, and Lafayette General Health, which joined Ziegler Link-Age Funds, ProMedica, 3M, OSF HealthCare, LRVHealth and existing investors.
The company intends to use the funds to continue to expand operations and its business reach.
Co-founded in 2017 by Trenor Williams, MD, CEO, Ryan Bosch, MD, and Anthony Beverina Socially Determined is a healthcare analytics company focused entirely on the science and measurement of the impact of social determinants of health (SDOH). SocialScape®, the company’s flagship analytics platform, quantifies social risk and delivers insights into how SDOH impact utilization, cost, and outcomes. The technology is supported by a team of experts who provide SDOH program evaluation and measurement, offer deep cohort analysis, and guide clients through analytic insights to grow their lines of business into new geographies and risk arrangements.
Socially Determined also operates a second office in Blacksburg, VA.