Innovative healthcare companies are partnering with Conversa to create a new care delivery model based on automated, evidence-based digital pathways. Increased revenue-over 70% reduction in procedure no show/cancellation rates andĮnhanced care team coordination and productivity-82% of care team members using Conversa would recommend it to a colleague to help them deliver care. Lower total cost of care-hospital readmission rates 32% lower in patient cohorts using Conversa Improved patient satisfaction and engagement-97% of patients feel Conversa helps them manage their care and 87% feel better able to follow their care plan It fills an enormous gap in the market.”īy automating remote management of vulnerable populations with Conversa, health systems gain significant clinical and operational benefits, including: “Conversa’s enterprise platform and library of digital pathways are used by providers to care for patients across their populations, as opposed to one-off point solutions. This improves care plan adherence pre- and post-visit, reducing costs and generating better outcomes for patients,” said Mark Goldstein, Builders VC partner and Conversa board member. “Conversa links providers’ EHRs and other patient data to best-of-breed interactive digital care pathways and clinical analytics engine to automate care management 24x7. In addition to co-leads Builders VC and Northwell Ventures, the investor syndicate includes UH Ventures, the venture arm of University Hospitals, an 18-hospital health system in Ohio and venture capital firms P5 Health Ventures, Genesis Merchant Capital, J-Ventures, Epic Ventures, StartUp Health and Nassau Street Ventures. phone calls, telehealth, e-visits, scheduling in-person consults-when necessary. The platform automates care where possible, identifies at-risk patients, and provides digital triage to higher levels of care for those patients-e.g. Conversa’s Automated Virtual Care and Triage™ platform enables health systems to remotely monitor, analyze and communicate with patients and healthcare consumers at high frequency and scale-for chronic care, acute discharge, perioperative, oncology, OBGYN, prevention and wellness, and more.
Conversa was perfectly positioned to meet this need.
The COVID-19 pandemic compressed years of virtual care tool adoption into months. Investing to catalyze the shift to digital first “Conversa has become a critical collaborator in achieving our vision for virtual health, helping Northwell to engage, monitor and manage patients more efficiently than ever before.” Dowling, President and CEO of Northwell Health. “Northwell has been successfully using Conversa to scale our communications and patient engagement initiatives which include thousands of COVID-19 patients,” said Michael J.
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The Series B round, first announced at $12 million in June, was co-led by Builders VC and Northwell Ventures, the corporate venture arm of Northwell Health, New York’s largest healthcare provider with 23 hospitals and 800 outpatient facilities.
With the closing of the Series B round, Conversa has raised a total of $34 million. PORTLAND, Ore.-( BUSINESS WIRE)-Conversa Health, a leading virtual care and triage platform, has expanded its Series B financing to $20 million during a year in which the company experienced sixfold growth of its platform.
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