Technology Funding Control and Ascension Ventures co-led the spherical for Elation’s number one care platform supporting practices in new cost fashions and greater than 12.8 million sufferers
SAN FRANCISCO, July 26, 2022 /PRNewswire/ — Elation Well being, the clinical-first era corporate powering innovation in number one care, lately introduced a Collection D financing spherical of $50 million. Technology Funding Control, a company established in 2004 to again companies riding sustainability, co-led the spherical along Ascension Ventures with participation from Threshold Ventures, Ascend Companions, and person buyers together with Fay Rotenberg and Jonathan Bush. This new spherical brings Elation Well being to $108.5 million in challenge investment thus far.
Investment will likely be used to proceed impulsively scaling Elation’s marketplace succeed in and platform options for high-value number one care luck in all settings. Along with being a marketplace chief for impartial number one care practices — together with the ones taking insurance coverage, in risk-bearing contracts, and within the direct number one care surroundings — Elation is the running era for lots of the biggest and fastest-growing number one care innovators comparable to Crossover Well being, Cityblock Well being, and Firefly Well being.
- Anthony Woolf, Expansion Fairness Spouse at Technology Funding Control — “We consider Elation Well being is powering number one care’s value-based long term, which must be extra physician-managed and patient-centric and no more administratively pushed. We wish to transfer clear of a fee-for-service device to 1 the place incentives align with long-term well being results for sufferers. Elation has constructed the main cloud-hosted, API-enabled digital well being document device are compatible for the trendy virtual well being atmosphere. This investment spherical goals to boost up what Elation provides to physicians and sufferers as the corporate continues to paintings with forward-thinking leaders to construct a extra sustainable number one care-driven healthcare device.”
- John Kuelper, Senior Managing Director and head of Healthcare Generation at Ascension Ventures — “Ascension Ventures believes that impartial number one care practices will proceed to be a foundational part of care supply, in particular as healthcare strikes against value-based care. Elation has demonstrated that it may well permit those clinicians to perform at top-of-license by way of making medical and observe control extra intuitive and environment friendly with era and automation. With this basis in position, we’re in particular involved in alternatives to additional permit those practices to collaborate extra deeply with insurers, experts, and hospitals round value-based tasks. Elation has the prospective to make care supply a lot more collaborative by way of empowering the principle care health center with the guidelines and equipment had to higher coordinate complicated care.”
- Former athenahealth CEO and Founder Jonathan Bush, now CEO of Elation Well being spouse Zus Well being — “athenahealth’s authentic project used to be to take away the entire scut paintings from the observe of medication so medical doctors may well be medical doctors. Many years later, the business nonetheless wishes a ways higher answers to permit number one care to paintings very best in enhance of clinicians doing simply that and growing relied on relationships with their sufferers. This calls for flexibility and house for listening, now not checklists and a focal point on CPT codes. I first met Kyna when she used to be automating her circle of relatives’s number one care observe and consider the sensibility she evolved in that effort is what makes Elation this sort of distinctive era platform. The bonus is that discerning engineers and developers love the usage of Elation in addition to clinicians. I will be able to’t wait to peer what is subsequent!”
- Kyna Fong, Ph.D., co-founder and CEO of Elation Well being — “There’s super energy in a number one care–led long term. The concept that of specialty-led, billing-first care from the previous few many years, and the applied sciences that experience enabled it, has delivered unsustainable prices, burnout, and declining well being results. We’re in the middle of a significant shift towards number one care returning to its management place, and Elation is commemorated to have a task in powering that fluctuate. Each affected person merits a number one care doctor they are able to consider.”
Designed from the beginning as a Collaborative Well being File, the Elation Well being era platform has a unified affected person structure that intuitively makes real-time shared knowledge to be had to each and every clinician with out overwhelming knowledge noise. In 2021, the corporate used to be invited to paintings with the American Academy of Circle of relatives Physicians (AAFP) on era that may ease administrative burden on physicians. Elation Well being has invested considerably in era equipment that make it simple for clinicians to get credit score for the relationship-driven care they supply to sufferers. Nowadays, hundreds of thousands of sufferers are being cared for by way of clinicians in value-based care preparations the usage of Elation.
Moreover, Elation has turn out to be the API-driven, EHR platform of selection for construction groups at number one care organizations to boost up cutting edge care fashions with out growing era techniques from scratch. The platform lately helps greater than 1,000,000 API calls on a daily basis with connections to 300+ era and healthcare group collaborators together with Dock Well being, Trace Well being, and Zus Well being.
The corporate will proceed to construct for clinician satisfaction. In an increasingly more complicated healthcare panorama, Elation is keeping up the easiest NPS and KLAS ratings whilst advancing number one care luck throughout the wide range of latest observe and cost fashions. For more info about Elation Well being’s platform for number one care, talk over with elationhealth.com.
About Elation Well being
Elation Well being is probably the most relied on era platform for high-value number one care. Since 2010, the corporate has delivered clinical-first answers — constructed on a collaborative EHR platform — that assist practices get started, develop, keep in touch, and achieve handing over the highest-quality customized care to sufferers. Elation Well being helps number one care clinicians in upholding the craft of medication, whilst thriving in an evolving healthcare panorama. Nowadays, Elation Well being serves 24,000 clinicians taking care of hundreds of thousands of American citizens. Be told extra at elationhealth.com, LinkedIn, and Twitter
About Technology Funding Control
Technology Funding Control is devoted to long-term making an investment, built-in sustainability analysis and shopper alignment. It’s an impartial, non-public, owner-managed partnership established in 2004 and headquartered in London, with a U.S. presence in San Francisco. Technology Funding Control LLP is authorized and controlled within the United Kingdom by way of the Monetary Behavior Authority. Within the U.S. Technology operates by means of Technology Funding Control US LLP, a Registered Funding Adviser with the Securities and Alternate Fee. www.generationim.com
About Ascension Ventures
Ascension Ventures is a strategic healthcare challenge fund with greater than $1 billion in capital beneath control. Our restricted companions are one of the vital most precious, values-driven nonprofit healthcare techniques within the U.S. As a strategic investor, Ascension Ventures provides price by way of sharing its portfolio corporations’ answers throughout its restricted spouse base. The paintings we do at Ascension Ventures generates returns to our restricted companions that assist enhance their missions to offer care to the deficient and prone. http://www.ascensionventures.org/
SOURCE Elation Well being