Curation Health Lands Series A Financing from Deerfield Management Company and WindRose Health Investors
Curation Health has experienced 125% customer growth in last six months
Healthcare providers and health plans continue prioritizing risk management and quality performance amid COVID-19
Curation Health, creator of an advanced clinical decision support platform for value-based care, has announced completion of a Series A financing round for an undisclosed amount. The round was led by Deerfield Management Company and supported by existing investor WindRose Health Investors. Curation Health will use this latest funding for strategic hires to support continued customer growth, as well as expansion of services to clients that rely on the company’s platform to successfully manage risk contracts and improve quality.
Since March, Curation Health has experienced 125 percent growth in its client base of leading providers and health plans. Recently added customers include a major academic medical center in the Midwest, a nationally recognized risk-bearing physician group, and multiple new provider entities focused on delivering primary and specialty care in the home. New clients have been compelled by Curation Health’s track record of helping clients to identify and address undiagnosed and unmanaged chronic clinical conditions in as many as 1 out of 3 patients, while also eliminating up to 10 minutes of provider time per patient on unnecessary clinical administrative tasks.
“Curation Health is an important partner in our journey to value-based care,” said Scott Woods, Vice President, Physician Network at AdventHealth. “They have played a critical role in helping us exceed our performance targets for our value-based contracts and have done so without further overburdening our clinicians and care teams with new clinical documentation duties that can detract from patient care.”
Curation Health’s solutions are proving especially helpful to clients as COVID-19 intensifies several long-standing challenges: clinician burnout and frustration with administrative tasks, difficulty identifying highest-risk patients, and multiple standards and workflows that prevent efficiencies across teams. To provide even more robust client assistance during this time of need, Curation Health has continued to focus on expanding their integration partnerships with leading electronic health record vendors (EHRs) and introduced an array of platform enhancements over the last six months, including:
- 20 percent expansion of the platform’s clinical rule set to identify additional performance opportunities hidden within patient records and provider information systems;
- Deployment of an accelerated implementation program, enabling provider adoption of the platform and workflows in as few as 30 days; and
- Multiple new features and functionality that further expedite point-of-care clinical documentation and engage physicians in compliance and workflow best practices.
“Our team at Curation is focused on helping customers drive more accurate and compliant risk adjustment and quality performance by enabling efficient pre-visit reviews, integrated point-of-care guidance, and post-visit documentation workflows. This latest infusion of funding will be used to further empower our customers’ value-based care teams with even stronger tools and support,” said Kevin Coloton, founder and CEO of Curation Health.
As one of the company’s first investments with the new funding, Curation Health will welcome Josh Kerns to the executive team as Chief Financial Officer. Kerns comes from TrustHCS and has extensive experience in healthcare finance and risk management. Kern’s stewardship will help drive continued expansion and deployment of Curation Health’s platform enhancements.
“Curation Health’s clinical decision platform was created to support the performance of providers and health plans in a streamlined and simplified way, and the team has proven its ability to help its partners capture the full value of care,” said Adam Grossman, Partner at Deerfield. “As more providers and health plans transition to value-based care, we are confident that Curation Health will scale quickly and support more organizations by deploying curated insights through a precise clinical documentation workflow.”