CarePort Raises $3.8 Million to Improve Hospitals’ Post-Acute Care Placement
CarePort Health, a Boston-based tech company, has closed $3.8 million in financing to drive its growth, the company announced this week.
With the new capital, CarePort will extend its platform capabilities to provide information for providers to collaborate in the management of patients in post-acute settings.
“The first step in the journey starts at the hospital, where we help patients and their caregivers find and select the best post-acute provider,” said CarePort Health Founder Lissy Hu, a Harvard Medical School and Harvard Business School alumna. “Next, we provide the ability to monitor a patient’s recovery and make sure they are receiving the appropriate care.”
CarePort collects and analyzes data from hundreds of post-acute care organizations to identify providers that match a patient’s clinical needs and preferences — cutting down the frustration a patient my experience when discharging from a hospital and having to decide where to go for post-acute care.
The company’s platform tracks a patient’s recovery course in real time across post-acute settings and relays information to the patient’s care team.
This round of fundraising was led by Baseline Ventures, with participation from CommonAngels Ventures, Excelerate Health Ventures, Generator Ventures, Launch Capital, 500 Startups and Andy Palmer. Prior investors in the company include Boston Seed, TechStars and a variety of technology leaders.
Written by Emily Study