- Innovaccer recently announced that it raised $70 million in a new round of funding. These are the details.
Innovaccer recently announced that it raised $70 million in a new round of funding. This round of funding was provided by Tiger Global Management, Steadview Capital, M12, and Dragoneer reported TechCrunch. Innovaccer is known for giving doctors better insights into the health information of patients.
“Healthcare still needs a lot of work to become patient-centered and connected by organizing information and making it more accessible. It is really important to make patient data seamlessly available to all providers along the patient’s care journey,” said Innovaccer co-founder and CEO Abhinav Shashank. “We have been fortunate to work with transformational healthcare initiatives that our amazing customers are engaged in. The vision of helping healthcare work as one needs a connected and open technology framework. We are excited to be at the forefront of providing the tech platform for our customers to drive that change.”
Innovaccer collects and organizes data from insurance records and pharmacies. This gives doctors a better sense of medical history. And Innovaccer’s apps run on devices at over 500 locations with more than 10,000 healthcare providers using the company’s platform.
“By using their connected care framework coupled with their leading-edge data aggregation and analytics platform, they are unifying patient records and enabling care teams to coordinate patient care at a new level,” explained Ravi Mehta, Managing Director at Steadview Capital. “We believe this will achieve greater efficiencies, enable better care and reduce overall healthcare spend in the years to come.”
