The company’s founders also personally invested in the seed round.
The partnership aims to enhance care coordination for uninsured and underinsured patients, who often rely on emergency departments rather than primary care clinics for their healthcare needs. According to Mark Selna, Chief Operating Officer and President of Guidehealth, underinsured patients frequently lack access to consistent care and long-term care coordination.
Guidehealth employs advanced technology to assist health systems and clinical networks in scaling value-based care beyond inpatient settings. The company facilitates care coordination tasks such as prior authorisation and referrals, utilising artificial intelligence to predict patient needs more accurately. Additionally, Guidehealth assigns virtual clinical team members, known as Healthguides, to work with partner systems.
The funding will be directed towards technological investments and improvements to Arcadia’s managed services organisation (MSO), which Guidehealth acquired last December, CEO and founder Sanjay Doddamani, M.D. told press.
Since its founding last year, Guidehealth has expanded to four states: Illinois, Pennsylvania, Georgia, and Texas. The company is on a rapid growth trajectory and expects to double its revenue by the end of next year.
During the fundraising round, Doddamani pitched to Memorial Hermann Health System due to its history of investing in digital health platforms and saw an opportunity to collaborate with its neighbourhood clinics. Memorial Hermann emerged as a principal investor and strategic partner.
Selna said: “Memorial Hermann is removing the economic barriers to getting access. And we are providing the outreach and the care coordination and care planning to make sure that those patients are seen but more importantly, have all of their high-risk needs addressed.”
Source: Fierce Healthcare
