Sample healthThe company, which provides a platform for building digital health tools, has announced that it has raised $3.3 million in Series A funding.
The round was led by Dr. William H. Joyce’s Family Office, with participation from existing investors Cofounders Capital, Launch Place and Triangle Tweener Fund. The startup company last announced a Raise $1.5 million in February 2021.
WHAT IT DOES
Pattern provides a code-free platform to help clinicians and researchers create digital health programs such as apps, clinical decision support tools, and surveys.
The startup also has a distribution service that can support licensing and an exchange where users can find other programs built using Pattern’s foundation. For example, an instrument on an exchange is home cardiac rehabilitation program designed by an expert at Duke University.
“We talk a lot about being a code-free platform, and that’s really how we can set up and run care programs, clinical decision support tools, and surveys very quickly. I provide services through a program management team to help configure these plans, test them, and get them into the hands of patients through physicians and researchers,” said CEO and co-founder. founder Ed Barber says MobiHealthNews.
“And then, of course, we have dashboards for researchers and clinicians to help see the data, understand the success of the programs from a statistical perspective, but also manage the process.” work and patient-level data.”
Barber says academic medical centers are one of Pattern’s core customer groups. The company plans to use the Series A capital to improve the platform to appeal to larger organizations, including adding new EHR integrations and spending on marketing.
“One of the next steps for us is to continue to make it easier and more cost effective to build a diverse set of programs, but also bring that value to the enterprise level,” he said. “How do we work with larger research groups, with larger academic medical centers, with larger health systems to leverage these tools at scale?”
SNAPSHOT . MARKET
Digital health funding has fallen so far this year, after the explosive investment seen in the wake of the COVID-19 pandemic in 2021, according to a report. Rock Health report. However, a recent American Medical Association survey find that more and more doctors are adopting digital health tools and see them as an advantage for patient care.
Overall, 93% of the doctors surveyed feel there is some sort of advantage or advantage in taking advantage of digital health tools by 2022, compared with 85% in 2016. And the number of tools. The average digital usage by doctors has increased to 3.8 in 2022 from 2.2 in 2016.
Another company focused on increasing the number of digital health tools on the market is Redesign Health, which helps build, launch, and fund startups. It recently announced A $65 million Series C round led by General Catalyst.
Synthace, that raised $35 million in Series C . funding last year, providing a code-free tool that helps scientists design experiments. They can run those tests in their labs, then collect and analyze data in Synthace’s platform.