{"id":46073,"date":"2022-07-12T16:01:24","date_gmt":"2022-07-12T14:01:24","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/particle-health-raises-25-million-to-accelerate-platform-growth\/"},"modified":"2022-07-12T16:01:24","modified_gmt":"2022-07-12T14:01:24","slug":"particle-health-raises-25-million-to-accelerate-platform-growth","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/particle-health-raises-25-million-to-accelerate-platform-growth\/","title":{"rendered":"Particle Health Raises $25 Million to Accelerate Platform Growth"},"content":{"rendered":"
\n

\nFunding to Scale Patient Data Access and Insight Offering to Make Better Care Outcomes Possible<\/i>\n<\/p>\n

NEW YORK–(BUSINESS WIRE)–Particle Health<\/a>, a user-friendly API platform for advanced healthcare data exchange, today announced financing of $25 million. This new investment will accelerate the growth of Particle\u2019s analytics products, facilitate the launch of the company\u2019s partner platform, and help serve its growing customer base by scaling its customer service and engineering teams. The most recent round was led by Canvas Ventures with participation from Menlo Ventures, Story Ventures, and Pruven Capital. The financing brings the organization\u2019s total capital raised to $39.3 million.\n<\/p>\n

<\/a><\/p>\n

\nParticle Health\u2019s comprehensive API uniquely combines data from 270 million-plus patients\u2019 medical records by aggregating and unifying healthcare records from thousands of sources. The platform then standardizes the data to FHIR R4 to ensure that they are usable at scale. With this approach, providers are able to easily obtain clinical data points without complex technology integrations, putting actionable patient health data at their fingertips. On average, the Particle solution delivers an exceptional 90 percent success rate in obtaining a patient\u2019s records at a rate of 105 records per patient, per search.\n<\/p>\n

\n\u201cParticle Health was founded with the mission to dramatically change lives through access to vital medical data. Since day one, we\u2019ve established ourselves as an industry leader that standardizes records, identifies key pieces of information, and focuses on patient attributes that lead to more clinically relevant decision making,\u201d said Troy Bannister, Particle Health co-founder and CEO. \u201cWith this latest round of funding, our team is looking forward to evolving the capabilities of our API platform further to empower our users with even more meaningful and actionable data.\u201d\n<\/p>\n

\nInsights from clinical data are proven to drive better health outcomes. This is made possible through more informed treatment, patient ownership over care, improved onboarding, and personalized health. Clinical data also helps hospitals and health systems implement value-based care initiatives by giving them tools to keep patients healthier and to secure the best outcomes.\n<\/p>\n

\n\u201cWhat Particle Health has been able to accomplish when it comes to helping organizations find and use clinical data at scale is a game-changer. Troy\u2019s experience in healthcare, along with the team\u2019s overall background in digital health, has led them to build a product that is solving data access, standardization, and integration problems,\u201d said Rebecca Lynn, co-founder and general partner at Canvas Ventures. \u201cThis investment will help evolve Particle\u2019s API platform, allowing users to uncover more actionable care improvements from their patient data. Just as Plaid enabled the fintech industry, Particle is doing the same for healthcare.\u201d\n<\/p>\n

\nParticle is leading the industry in applying the next-generation FHIR data format to make interoperability easier. With this approach, the company has created the most adaptable, easy-to-use solution for healthcare organizations, digital health companies, and startups to securely exchange patient data. In the past year alone, Particle has seen a 450 percent increase in annual recurring revenue and a 300 percent increase in customers. The team has expanded from 11 to 40 people since its $12 million Series A led by Menlo Ventures in 2020, and accelerated growth is anticipated.\n<\/p>\n

\nCompanies innovating with Particle Health include Strive Health, Cureatr, and Invitae.\n<\/p>\n

\nAbout Particle Health<\/b>\n<\/p>\n

\nFounded in 2018, Particle Health has built the integrations and APIs that enable a modern, seamless data experience for healthcare companies. We create intuitive experiences for developers, build scalable infrastructure product teams love and collaborate with innovative leaders launching data-driven healthcare solutions. Learn more about Particle at: https:\/\/www.particlehealth.com\/<\/a> or access the press kit at https:\/\/go.particlehealth.com\/press-kit<\/a>\n<\/p>\n

Contacts<\/b> <\/p>\n

\nPress<\/b>
Jessy Green
\n
SVM PR
\n
particlehealth@svmpr.com<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Funding to Scale Patient Data Access and Insight Offering to Make Better Care Outcomes Possible NEW YORK–(BUSINESS WIRE)–Particle Health, a user-friendly API platform for advanced healthcare data exchange, today announced financing of $25 million. 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