Watershed Health, a New Orleans, LA-based company driving patient care coordination across the healthcare ecosystem, raised $13.6M in funding.
The round was led by First Trust Capital Partners with participation from FCA Venture Partners, Create Health Ventures, Impact Engine, 450 Ventures, LDH Ventures II/Launchpad Digital Health, MassMutual Ventures, Capstar Partners and Wanxiang Healthcare Investments.
The company intends to use the funds to meet demand by payers and providers across the US for its real-time care coordination Software-as-a-Service (SaaS) platform as well as to grow the engineering, development, customer success and sales teams.
Led by CEO Dr. Chip Grant, Watershed Health is driving patient care coordination by connecting providers of all types across the healthcare ecosystem to reduce costs, enhance quality of care and improve patient outcomes. The company enables communication, collaboration and data sharing, providing real-time, data-driven insights that empower healthcare providers to make informed and effective clinical decisions.
The solution is HITRUST-certified and meets key regulatory requirements for HIPAA compliance, data security and privacy. Watershed provides a curated list of relevant, real-time clinical data that providers need at the point of care. It integrates with existing digital tools, Health Information Exchanges (HIE) and electronic health records (EHRs), and offers a virtual workspace for providers to ask questions and solve patient problems. Watershed also promotes accountability in care coordination, as it generates proprietary quality measures that are visible to other providers and payers seeking high-impact care partners.
The company’s current customers include four out of six major US health plans, as well as thousands of clinical and non-clinical providers that are delivering care to more than five million patients. These include national health systems and leading post-acute healthcare organizations.
FinSMEs
16/05/2024