Cureatr, a mobile care coordination solution for health care, today announced it has raised $13 million in Series B funding led by Deerfield Investments, a healthcare technology private-equity firm in New York. Deerfield is joined by Cerner Capital, Inc., Windham Ventures, a strategic health IT investor, and previous investors Cardinal Partners, Milestone Venture Partners, Partnership Fund for New York City, and JMI Services, LLC. The company will utilize the capital to launch new regions for its Care Transition Notification™ (CTN) networks and to continue building partnerships and expanding its market opening and technology teams.
Founded in 2011 by Dr. Mayer launched Cureatr in 2011 while at The Mount Sinai Medical Center with his co-founder, Alex Khomenko, the former Director of Engineering at 23andMe and an early engineer at Paypal. Cureatr helps accountable care organizations, hospitals and health systems, specialty care providers, and physician group practices improve care coordination through their mobile-first solution. By leveraging real-time Care Transition Notifications with secure messaging and clinical workflow tools, providers deliver healthcare that goes uninterrupted.
Care Transition Notifications Overview
Care Transition Notifications™ (CTNs) notify providers, in real-time on mobile or desktop, about patient transition events to and from acute and post-acute facilities. CTNs and Cureatr’s enterprise mobile platform connect disparate organizations across settings to coordinate care. When a patient is admitted, discharged, or transferred from a facility, Cureatr sends a real-time push notification to the patient’s care-team. Users then have the option to run standardized best-practice workflows, call, or send a secure message to the facility taking care of their patient.
CTNs help reduce avoidable hospitalizations, readmissions, and impact length of stay and post-discharge follow-up by enabling the patient’s longitudinal care-team to get involved immediately in these critical events.
“In order to accomplish this expansion, we are working to launch networks in key new markets this year with regional and technology partners to support our users’ population management needs. We’re using our mobile care coordination platform to fit into the workflow to each of our users, which traditionally has not been possible with in-network EMRs, and has been mostly unexplored by other population health technologies,” said Joseph Mayer, MD, Cureatr’s chief executive officer and co-founder.
Cureatr serves healthcare organizations nationally and the company’s growth is evidenced by recent customer announcements. In March, Cureatr announced an enterprise-wide secure messaging and CTN agreement with DaVita HealthCare Partners. Last month, the Visiting Nurse Services of New York (VNSNY) announced Cureatr’s mobile care coordination tools were deployed throughout its entire workforce of mobile nurses working in New York’s five boroughs.