Wellist, a Boston-based digital health startup focused in delivering Integrated Patient Experience Solutions to to address social determinants of health across their entire patient population has raised $10 million in Series A funding led by Summation Health Ventures. This investment will enable Wellist to expand in several key geographic markets and enhance its proprietary digital health platform that connects patients to non-medical support services.
The patient experience market has grown increasingly important over the past several years as health care systems shift toward consumer-centric, value-based care models. Driven by the mandate of providing quality care and improved health outcomes, providers are investing in initiatives that address a broader range of patient needs.
Wellist’s digital marketplace enables hospitals to connect patients and caregivers to vetted non-medical services and crucial information at a time when access to trusted services has a critical impact on the patient and their loved ones. The platform marries proprietary technology, unique data and services to reduce operational costs and improve the experience of patients and staff. Today, Wellist programs span Oncology, OB/Gynecology, NICU, Gerontology, Transplant, Surgery, Primary Care and Cardiology.
“Given that less than 20% of outcomes are tied to clinical care, hospitals are increasingly called upon to address the full spectrum of patient support. We are thrilled that this new funding will enable Wellist to help even more clients efficiently and compassionately address the social needs of their patient population,” said , Founder and CEO of Wellist.
The company has recently landed several key clients over the year with some of the leading healthcare organizations including Massachusetts General Hospital, Beth Israel Deaconess Medical Center and the University of Pittsburgh Medical Center, Wellist recently launched at MemorialCare Health System.