Friday , 13 December 2019
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Arcadia Healthcare Solutions dials up another $13M for health analytics platform

Arcadia Healthcare Solutions dials up another $13M for health analytics platform

health funding

health funding

Image Credit: Illustration by Eric Blattberg / VentureBeat

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The money continues to flow into the health-analytics platform business.

Today, Burlington-based Arcadia Healthcare Solutions, which offers an electronic health record (EHR) data aggregation and analytics platform, says that it has taken in another $13 million in venture capital.

The company says that Peloton Equity (a newly formed health care-focused private equity firm), Zaffre Investments, and some existing investors contributed to the funding round.

Arcadia says it’ll use the money to continue developing its analytics platform, which it says is already seeing use from big-name health care organizations like Blue Cross Blue Shield Massachusetts, Beth Israel Deaconess Medical Center, and Signature Healthcare.

Arcadia’s platform collects both clinical data from the EHR and claims data to help caregivers adopt more cost-effective treatment protocols. The company says it can help providers that are still being paid in the fee-for-service model or the new value-based care or population management models.

In the first quarter of 2015, investment in digital health grew to $630M — an 80 percent increase over the same quarter last year, says Rock Health.

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