Memora Health Raises $40M in Financing

Memora Health

Memora Health, a San Francisco, CA-Based technology platform for virtual care delivery and complex care management, raised $40M in funding.

The round was led by Transformation Capital with participation from Andreessen Horowitz, Frist Cressey Ventures, Edward Elmhurst Health, and AlleyCorp. As part of the financing, Todd Cozzens, Managing Partner at Transformation Capital, will join Memora’s board.

The company intends to use the funds to accelerate growth, expand operations and its business reach.

Led by CEO Manav Sevak, Memora Health helps healthcare organizations digitize and automate care journeys. It ingests existing data on clinical workflows, converts them into cohesive messaging journeys that guide patients through their care episodes, and automates the completion of simple follow-up tasks in the EHR. Memora supports healthcare organizations in extending care beyond the clinic by digitizing and automating complex care workflows. The company’s platform integrates into EHRs, CRMs, and existing clinical and administrative workflows – training artificial intelligence technology on the massive amount of clinical data that is generated in the course of routine care in various clinical settings.

The company has digitized clinical workflows in partnership with several leading healthcare organizations, including the Mayo Clinic, Edward Elmhurst Health, and Penn Medicine, powering complex care workflows ranging from automated closing of care gaps to intelligent remote monitoring to proactive care coordination.

FinSMEs

22/02/2022