Population health startup Pieces Technologies scores $21.6 million in funding
Pieces Technologies announced $21.6 million in its first round of funding to advance its cloud-based population health management tools.
The Pieces platform provides integrated monitoring, prediction, workflow optimization and organizational learning services specifically for hospitals, health systems. Its cloud-based software is also designed to connect to hospitals’ information systems to provide a holistic view of patients and their healthcare needs.
The goal is to identify and prevent adverse events, such as avoidable mortality and hospital readmission for chronic diseases and illnesses, according to Pieces CEO and founder Ruben Amarasingham, MD.
“Pieces Tech’s solutions are helping us redesign and transform our healthcare delivery models for better population health management,” Fred Cerise, MD, Parkland Health and Hospital System’s president and CEO, said in a prepared statement.
Parkland’s non-profit research and development arm, Parkland Center for Clinical Innovation, served as an incubator for the platform.
“While many purport to have solutions for population health, over the last several years the team has stealthily built and validated a robust healthcare IT and clinical services platform that has clinically proven to truly bend the cost curve on quality and care across diverse constituencies,” added Garrett Vygantas, MD, Partner at Jump Capital.
Jump Capital and Pacific Advantage Capital led the funding, along with participation from Children’s Health in Dallas, Order of Saint Francis Healthcare System in Peoria, Ill, PCCI, select Dallas investors and others.