$13.6 million in investment was received by Watershed Health, a New Orleans, LA-based startup that is advancing patient care coordination throughout the healthcare system.
Investors
- First Trust Capital Partners
- Wanxiang Healthcare Investments
- MassMutual Ventures
- FCA Venture Partners
- Create Health Ventures
- Impact Engine
- 450 Ventures
- LDH Ventures II/Launchpad Digital Health
- Capstar Partners
Use of funds
The business plans to strengthen the engineering, development, customer success, and sales teams in addition to using the money to fulfill demand from payers and providers around the US for its real-time care coordination Software-as-a-Service (SaaS) platform.
Four of the six largest US health plans, as well as thousands of clinical and non-clinical providers who are providing treatment to over five million patients, are among the company’s current clients. Prominent post-acute healthcare organizations and national health systems are among them.
The system satisfies essential legal criteria for HIPAA compliance, data security, and privacy and is HITRUST-certified. At the moment of care, physicians may get a carefully curated collection of pertinent, real-time clinical data from Watershed. It offers a virtual workspace for clinicians to ask questions and resolve patient issues, and it combines with currently available digital technologies, such as electronic health records (EHRs) and health information exchanges (HIE). Since Watershed creates confidential quality metrics that other payers and providers looking for high-impact care partners may view, it also encourages responsibility in care coordination.
About Watershed Health
Watershed Health, under the direction of CEO Dr. Chip Grant, is advancing patient care coordination by tying together healthcare providers from diverse backgrounds to save costs, raise standards of care, and improve patient outcomes. The business facilitates dialogue, teamwork, and information exchange while offering real-time, data-driven insights that help medical professionals to make wise and efficient clinical decisions.
