Key Highlights
- $13.6M funding round led by First Trust Capital Partners
- Expansion of engineering, development, customer success, and sales teams
- Real-time care coordination SaaS platform adoption nationwide
- Reduces healthcare costs and improves patient outcomes
- Partners include major US health plans and clinical providers
Source: Business Wire
Notable Quotes
- “My work as a physician has shown me the consequences of uncoordinated care – the missed connections and the inefficiencies. It’s frustrating for providers and it’s harmful to patients.” – Dr. Chip Grant, Founder and CEO at Watershed Health
- “Blue Cross Blue Shield of Alabama is dedicated to partnering with healthcare providers to enhance healthcare across our state by supporting collaborative solutions like Watershed Health.” – Stacey Walters, VP Quality and Value-Based Care at Blue Cross Blue Shield of Alabama
- “Watershed is poised to be the leader in coordinated care – the costliest problem in the industry.” – Emma Cartmell, Managing Partner at Create Health Ventures
SoHC's Take
The $13.6 million funding round for Watershed Health is a significant milestone, reflecting the growing demand for effective care coordination solutions in the healthcare sector. Uncoordinated care, which costs the US healthcare system billions annually, can lead to severe inefficiencies and poor patient outcomes. Watershed Health’s real-time SaaS platform addresses these issues by providing seamless communication and data sharing among healthcare providers. This infusion of capital will enable the company to expand its capabilities and reach, ultimately driving transformational change across the industry. The involvement of major health plans and renowned investors underscores the platform’s potential to revolutionize patient care and reduce healthcare costs nationwide.
