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Olio Health secures $13 million for its care communication solution

by Babu Patil
Olio Health secures $13 million for its care communication solution

Olio Health, a provider of care communication and patient engagement software solutions for population health and post-acute care providers, recently announced a $13 million Series A funding round.

Fulcrum Equity Partners, an equity firm, led the investment round with participation from Mutual Capital Partners, a growth equity fund.

Olio plans to use new funds to accelerate its product development and key hires across multiple departments.

Philip Lewis of Fulcrum Partner says that the current post-acute care communication and discharge process system is manual, error-prone, and not scalable. Health systems lack insight into their patients’ conditions post-discharge, increasing readmission rates and length of stay. 

When the entire care management team has real-time patient status throughout the post-acute footprint, providers can drive performance in value-based care arrangements. Olio, launched in 2017, is developing a digital communication platform that makes it possible for health systems and their post-acute provider networks to work together on each patient’s care, added Philip Lewis....

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