What You Should Know:
– Elation Health, which provides an easy-to-use and affordable clinical technology platform for more than 14,000 independent primary care clinicians serving 7 million patients – including an EHR raises $40M in Series C funding from Al Gore’s sustainable investment firm, Generation Investment Management.
– Elation’s API-enabled platform also allows organizations to transform the patient and provider experience and implement their own models of data-driven, value-based care.
– Company will surpass a milestone this year of delivering more than 20 million in-office and virtual visits through their provider network.
Elation Health, a clinical-first technology company powering the future of independent primary care, today announced a Series C financing round of $40 million led by Al Gore’s Generation Investment Management, a firm that invests in sustainable businesses accelerating the transition to a more healthy, fair, safe, and low-carbon society. The round also included participation from existing investors, including Threshold Ventures and Kapor Capital.
Clinical-First Commitment to Independent Primary Care
Independent primary care is one of the few areas in healthcare where upfront investment leads to significant savings in the long term. For every dollar spent on primary care, studies suggest that as much as $13 in downstream healthcare costs are avoided. Increased spending on primary care is also associated with fewer emergency department visits and reduced total hospitalizations and specialty interventions for chronic conditions such as diabetes, high blood pressure, and congestive heart failure
Elation Health was founded in 2010 after siblings Kyna and Conan Fong struggled to help their father transition his solo primary care practice from paper charts to a digital system. Born from that experience, today Elation Health powers the largest network for independent primary care, with 14,000 independent clinicians caring for seven million patients. The company offers an EHR solution, enterprise APIs, revenue cycle services, patient engagement app, and access to interoperability partners.
The company surpassed a milestone this year of delivering more than 20 million in-office and virtual visits through its provider network. In addition to serving small practices, Elation has partnered with primary care innovators such as Crossover Health and Cityblock Health to provide the underlying clinical platform for technology-enabled, team-based care.
Helping Intendent Practices Shift to Virtual Care Amid The COVID-19 Pandemic
In 2020, Elation Health’s customer base of independent practices has faced significant business challenges as primary care shifts to virtual settings and the pace of insurance and government policy change has accelerated. The company has responded by expanding its role as a critical technology partner — including adding HIPAA-compliant telehealth to its core offering, deepening support for Medicare and Medicaid quality programs, and delivering new patient engagement capabilities for patients to schedule appointments and interact with practices. Elation’s API-enabled platform also allows organizations to transform the patient and provider experience and implement their own models of data-driven, value-based care.
In the year ahead, Elation Health will continue to invest in its core platform, while adding new capabilities to support business operations for independent primary care. The company has plans to develop solutions in billing and payment collection, patient population management, interoperability, and quality reporting — ensuring practices have the tools to drive high-quality patient outcomes and business success.