Truveta, a well being system-led information firm, has raised $95 million in a Sequence A funding spherical and added three well being system members.
Dallas-based Baylor Scott & White Well being, Columbia, Maryland-based MedStar Well being and Arlington-based Texas Well being Assets have now joined the 14 well being techniques that launched the corporate in February. Truveta’s 17 member well being techniques participated within the funding spherical.
The corporate is constructing a platform that may construction and normalize de-identified affected person information from its member well being techniques. It can present combination information evaluation of circumstances, therapies and prognoses to clinicians, researchers and biopharma corporations, stated Terry Myerson, CEO of Truveta, in an electronic mail. This information evaluation will present insights into several types of circumstances, therapies and outcomes, with the purpose of supporting medical determination making and drug improvement.
“Truveta goals to assist each healthcare supplier have entry to skilled data and advance well being for all by helpful and broadly obtainable instruments,” Myerson stated. “With almost $100 million invested in Truveta, we have now the sources wanted to speed up our imaginative and prescient.”
The corporate will use the brand new funds to construct the infrastructure and cloud computing sources required to help medical information in addition to rent technologists and well being information consultants.
With the addition of the three well being techniques, Truveta can have entry to information representing greater than 15% of U.S. affected person care, in line with the information launch.
“Truveta is exclusive in its breadth and depth of medical information and ongoing well being system governance,” Myerson stated. “For the primary time within the historical past of well being, we have now sufficient information at scale to dramatically advance innovation in healthcare with collective dedication to companion on moral innovation.”
The healthcare information analytics market is projected to achieve $80.2 billion in worth by 2026, up from $11.5 billion in 2018, in line with a current market report. Although the market is crowded, with a wide selection of corporations like Ayasdi and Flatiron Well being, Truveta has the backing of a number of the greatest and most prestigious well being techniques within the nation, giving it entry to an enormous trove of de-identified affected person information.
“Nobody system can do what we’ll collectively obtain collectively by leveraging our information to enhance each side of healthcare from the affected person care journey and expertise to therapies and outcomes,” stated Barclay E. Berdan, CEO of Texas Well being Assets, in a information launch.
However as de-identified affected person information turns into more and more well-liked to be used in analytics, hospitals ought to fastidiously take into account privateness dangers when coming into into information-sharing agreements as there’s the likelihood that information could possibly be re-identified when giant units are mixed.
Picture: TAW4, Getty Photos