What You Should Know:
– Olio, a software platform dedicated to streamlining care coordination raises $11M in Series B funding round led by Fulcrum Equity Partners, with significant participation from Mutual Capital Partners (MCP), a growth equity firm specializing in scaling innovative healthcare and B2B software companies.
– This new capital infusion is earmarked to expand Olio’s product offerings and accelerate its go-to-market initiatives, thereby deepening its impact on healthcare organizations nationwide.
Transforming a Fragmented and Manual Discharge Process
The healthcare industry has long grappled with the complexities and inefficiencies inherent in patient discharge and transitions between care settings. Olio directly addresses these challenges, which often involve manual, error-prone processes that are difficult to scale.
Olio empowers payers, health systems, and physician groups to efficiently manage patient transitions across diverse care settings, including Skilled Nursing facilities, Home Health, Behavioral Health, and Long-Term Care. Olio’s platform is designed to deliver improved outcomes and operational efficiencies by enabling organizations to engage their entire care footprint at scale, addressing a critical need in the continuity of patient care.
Fuel Product Expansion and Market Reach
With the fresh $11M in funding, Olio plans to significantly enhance its platform capabilities and broaden its presence in the U.S. healthcare market. This includes further development of its existing tools and the creation of new solutions to meet the evolving needs of its clients. The company aims to empower more healthcare organizations to achieve seamless patient transitions, leading to better quality of care and reduced healthcare expenditures.
“At Olio, our mission is to transform the way healthcare organizations coordinate care. The continued investment from Fulcrum Equity Partners, combined with the support from Mutual Capital Partners, positions us to scale our impact and drive meaningful change across the industry,” said Ben Forrest, CEO of Olio.
