Texas, USA-based leader in data-driven patient navigation serving some of the country’s largest health systems, payers, and ACOs, Care Continuity closed its Series A-3 financing with USD 10 million. The company announced the closure on January 7, 2023. Empactful Capital & Viewside Capital co-led the financing for the company. Meanwhile, Flat Creek Capital and Loop 289 Limited Partners joined in the funding.
Purpose of financing for Care Continuity
With the latest proceeds from the Series A-3 rounds seeks to further its mission of helping health systems, payers and ACOs employ an efficient patient and member-centered care journey. It also seeks to explore strategic investments in growth as well as product development. In addition, the company seeks to further enable AI to enhance Care Continuity’s already strong patient navigation offerings.
What the company’s official has to add
Brad Prugh, CEO of Care Continuity, said, ‘As health systems grow in complexity, the need for compassionate, patient-centred services that help patients along their care journey has increased exponentially. Health systems have invested heavily in building comprehensive healthcare networks and want to see their patients fully utilize these networks. That’s where Care Continuity thrives.”
Prugh further added, “This funding will allow us to enhance our navigation platform in meaningful ways for both providers and patients. This includes employing AI to increase our ability to expand our reach and improve the efficiency in which we connect with more patients.”
What the investors have to comment
Sal DeTrane, Managing Director at Impactful Capital, said, “Care Continuity’s patient navigation solutions address many of the problems patients face in our fragmented healthcare system. By efficiently and compassionately navigating patients along their care journey, Care Continuity helps health systems, payers and ACOs serve their patients and members while improving the integrity of their care networks.”
About the company
Andrew Thorby in 2014 launched the company. Care Continuity provides expert patient navigation solutions. Its solutions bridge gaps in healthcare, provide seamless transitions between care settings, reduce network leakage, as well as promote optimal health outcomes and patient satisfaction. The company leverages a combination of advanced software, AI and a dedicated team of care concierges to help guide patients through their care journey. Meanwhile, it also allows them to maintain the integrity of the health system network. This translates to greater patient satisfaction, better health outcomes, and increased margins for their clients.
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