CareAlign, a Philadelphia, PA-based task management system for health care providers, raised $2.3m in financing.
Backers included new investors Hofmann Associates (lead), Gaingels and Harvard Angels and existing investors Tech Council Ventures, Boston Millennia Partners’ Founders Fund, Front Row Round and DreamIt. Two unnamed healthcare provider organizations also made commitments.
The company intends to use the funds to expand both its sales force and its technology offerings.
Led by Chief Executive Officer Subha Airan-Javia, MD, CareAlign provides a HIPAA compliant task management system for health care providers. The company initially validated its care coordination platform in acute care settings by reducing the amount of time clinicians spend in the EHR and improving patient outcomes. This year, CareAlign expanded to post-acute and outpatient care and recently started offering value-based care organizations solutions to help them manage patients as they transition across care settings.
Features include an integrated, real-time “progress note” format that enables clinical professionals to understand a patients’ current state of health. Users are linked on a common communication thread and those who share patient caseloads can interact and create “checklists” during rounds to avoid errors.
FinSMEs
02/12/2021