SAN FRANCISCO — Elation Health, formerly known as ElationEMR, announced it has raised a $15 million funding round to solve one of healthcare’s biggest challenges — the ability for patients to experience continuous, coordinated care in today’s fragmented healthcare system. The cloud-based platform connects more than two million patients to their providers in a dynamic health information network that enables providers in different organizations to share information and collaborate on mutual patients at the point of care.
The scale of Elation’s care network and its high level of engagement in the clinical workflow of providers tackles the problem of interoperability, which results in billions of dollars in wasted healthcare expense every month.
The Series B round led by DFJ, with participation from angel investors including former president and CEO of Stanford Hospital and Clinics, Martha Marsh; and co-founder of Quora and creator of the Facebook Platform and Facebook Connect, Charlie Cheever, speaks to the vision of this platform and its potential to bridge the healthcare quality chasm in the US where almost 60% of patient care is delivered in independent practices.
“The first generation of health IT created siloed systems focused on revenue and administrative needs rather than supporting the patient,” explains Cheever, whose contributions to Facebook helped transform it from an online community to a global technology platform. “Unlike those legacy systems that don’t allow for a holistic view of the patient’s clinical history, Elation is taking a network approach – putting the patient’s data at the center of the interaction. This unleashes powerful new modes for physicians to interact, not only increasing efficiency and engagement but also transforming the patient experience.”
The company’s vision is already thriving at organizations like the Chinese Community Health Care Association in San Francisco, where the platform connects a group of physicians who coordinate care for more than 25,000 patients. Elation has also found great success in geographical regions, an example of which is Hawaii where the platform serves more than 13% of patients on the islands — giving providers powerful insights into health outcomes across the population.
“It all starts with a great clinical tool,” says Lance Kurata, MD, a primary care physician and early adopter of Elation in Hawaii. “Elation makes it easy for me to understand what’s going on with my patients outside the four walls of my practice. I’m truly empowered to make more educated care decisions, which dramatically improves the quality of the care my patients receive.”
Elation co-founder and CEO Kyna Fong, previously a health economics professor at Stanford, and her brother, co-founder and CXO Conan Fong, a former healthcare consultant, bring decades of collective experience in the healthcare industry, including years spent running their father’s primary care practice. Together, they built Elation in that practice and have since grown the network to reach more than 200,000 providers — a rapid pace that positions the company to be a major player in healthcare’s future.