Carta Healthcare, a San Francisco, CA-based pioneer in harnessing the power of clinical data, announced that it closed a $20 million Series B funding round.
The Series B investors include Paramark Ventures, Frist Cressey Ventures, American College of Cardiology, Asset Management Ventures, CU Healthcare Innovation Fund, Mass General Brigham, Maverick Ventures Investment Fund, and Storm Ventures.
Carta Healthcare will utilize the money to expand its operations after achieving results that have been validated in more than 20 top health systems, including cost reductions and improved patient outcomes.
Matt Hollingsworth, co-founder, and CEO said “Carta Healthcare is incredibly excited and thankful for this funding round, which will help us scale the business and further realize our mission to make healthcare more accessible, efficient, scalable, effective, and affordable for patients across the United States,” said Matt Hollingsworth, co-founder, and CEO, Carta Healthcare. “We look forward to continually helping reduce the administrative burden and data entry fatigue among healthcare workers so they can spend their time and energy on research and face-to-face patient time and share best practices to improve patient outcomes.”
Carta Healthcare currently serves 20 of the leading health systems in the United States, including Stanford University Medical Center, Common Spirit, UCSF, and Mass General Brigham, to name a few. Carta Healthcare’s industry-leading solutions reduce the cost of labor associated with manual data abstraction processes and curate trustworthy, actionable datasets concerning patient care.
Company: Carta Healthcare, Inc.
Round: Series B
Funding Month: November 2022
Additional Investors: Paramark Ventures, Frist Cressey Ventures, American College of Cardiology, Asset Management Ventures, CU Healthcare Innovation Fund, Mass General Brigham, Maverick Ventures Investment Fund, and Storm Ventures
Company Website: https://www.carta.healthcare/
Software Category: Healthcare Analytics Software
About the Company: Founded in 2017, Carta Healthcare’s mission is to improve patient care by harnessing the value of clinical data. Through its combination of industry-leading, AI-driven technology and a multidisciplinary team of experts, Carta Healthcare has transformed the traditional clinical data abstraction process. The company’s agile, innovative approach to expertise and technology allows healthcare organizations to collect, analyze, and act on their clinical and operational data in a fraction of the time. The result is high-quality, accurate, trustworthy datasets for use across a healthcare organization’s initiatives to operate more efficiently, optimize care delivery, improve patient outcomes, and allow clinicians to practice at the top of their license.