Guidehealth scores $14M with backing from Memorial Hermann Health System

Guidehealth, an AI-enabled value-based care provider for health systems, announced it closed a $14 million seed funding round.

Memorial Hermann Health System, healthcare entrepreneur Sidd Pagadipati and other healthcare leaders and investors participated in the round. 

WHAT IT DOES

Guidehealth offers a value-based care platform for providers with AI insights into which patients need specific care before a preventable health event. 

The platform also offers virtual health guides for patients and providers as well as community connection and engagement and workflow-focused tools.

"Memorial Hermann is an internationally acclaimed clinical leader whose brand is synonymous with patient-centered, community-based healthcare excellence. Receiving this financial support is an honor, and the strategic expertise its leaders bring to the table is invaluable,” Dr. Sanjay Doddamani, founder and CEO of Guidehealth, said in a statement. 

"As we transform care delivery for health systems and affiliated physician networks, we will continue to enhance our datasets and clinical services that power our award-winning value-based managed services platform."

MARKET SNAPSHOT

Guidehealth acquired healthcare data analytics company Arcadia's value-based care services division and managed services organization in December. 

The company also signed an agreement to leverage Arcadia's data analytics platform to power the acquired offerings. 

In July, the company partnered with California-based virtual specialty care provider Story Health to develop a cardiology program for hospital systems and clinically integrated networks based on a value-based care model.

The program would focus on providing care to at-risk individuals and helping care providers ensure patients remain on track according to their care plans. 

Other digital health companies focused on providing value-based care include Aledade, which secured $260 million in funding last year, and Pearl Health, which offers a technology platform for primary care practices in value-based care arrangements. 

Pearl also announced a partnership with Walgreens in 2023 and raised $75 million in Series B funding.

Earlier this year, Lumeris, a value-based care strategy, technology and operations company, secured $100 million in an equity capital raise.