A communication platform aimed at bridging the gap between health systems, payers and post-acute providers recently announced a $13 million funding influx.
Indianapolis-based Olio Health recently closed its Series A funding round, led by Atlanta-based Fulcrum Equity Partners, with plans for further product development and additional hires across several departments, according to CEO Ben Forrest.
“The current communication and discharge process is manual, error-prone, and not scalable,” Fulcrum Partner Philip Lewis said in a statement. “When the entire care management team has real-time patient status throughout the post-acute footprint, providers can drive performance in value-based care arrangements.”
Cleveland-based Mutual Capital Partners also participated in the funding round, according to a news release.
Olio’s platform provides real-time communication, collaboration and cost savings to risk-bearing entities and post-acute care providers.
In addition to value-based care payers, Olio’s software also supports skilled nursing facilities, inpatient rehab facilities, home health, hospice and long-term care hospitals.
Olio reported back in January that its client portfolio saw an on average 36% readmission reduction average for 2021.
Companies featured in this article:
