US-based healthtech company Post Acute Analytics (“PAA”) that provides end-to-end solutions to empower healthcare providers and payers to positively impact the quality and cost of care, raised an undisclosed amount in Series B round of funding on 25 January 2021.
The Series B round was co-led by Concord Health Partners, through its AHA Innovation Development Fund and Dorilton Capital. Its existing investor Generator Ventures also participated in the round.
Purpose of the investment: The funds raised will be utilized to develop and enhance PAA’s proprietary artificial intelligence and technology platform. It will help in bolstering its management team and supporting PAA’s efforts to continue partnering with its clients.
Founded in 2018 by John Taylor and Saqib Akhter, Post Acute Analytics enables healthcare providers and payers to make real-time decisions, improving patient outcomes and reducing total cost of care by leveraging artificial intelligence, a turnkey integration engine and medical leadership. It aims to provide total transparency for the patients’ journey through post-acute care. PAA partners with customers across the healthcare sector including some of the largest health plans, hospitals and physician groups in the US.
What the CEO has to say: “I am extremely excited to have the strategic and financial backing of our new investors. The oversubscribed financing round follows many months of continued growth as new customers adopted our cost-saving solutions. This is an enormous accomplishment for our organization, and we could not be more excited to welcome the insights from each of our partners. They each bring a unique perspective and expertise that will assist us in continuing to build out our end-to-end solution and proactively assist our customers in delivering high-quality care at a lower cost,” said Saqib Akhter, co-founder and CEO of PAA.
What investors have to say: “Generator Ventures is pleased to continue to support Post Acute Analytics in helping them to strategize and raise capital to support growth in their real-time data solution for post-acute care. With Dorilton Capital and Concord Health Partners we will continue to advance the company’s quality and value proposition for post-acute care patients, providers, and payers,” said Arnie Whitman, Managing Director of Generator Ventures.
“Concord is focused on identifying and supporting healthcare companies with innovative solutions that lower costs and expand access to quality healthcare. PAA hits our criteria on all fronts and we are thrilled to partner with Saqib and the rest of the team to help build on its already impressive track record of assisting its customers to understand how to deliver better quality care at manageable costs in the post-acute setting,” said James Olsen, Founder and Managing Partner of Concord Health Partners.
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