Seattle-based Windfall’s incubation mannequin strikes once more. The well being system’s Digital Innovation Group has spun out an organization known as Praia Well being, whose platform is designed to remodel the best way third-party client options could be integrated right into a well being system’s digital expertise.
Amongst Windfall’s different spin-outs is Xealth, a Seattle-based firm that permits digital therapeutic app deployment for a lot of giant well being programs.
Introduced final 12 months, Praia Well being securely manages the information trade between the answer, the well being system’s digital medical file, and different well being system knowledge sources, rising the flexibleness and pace of third-party integration, whereas dramatically lowering its value, the corporate stated.
Praia Well being has been in use at Windfall since January of 2022 and at the moment helps greater than 3.5 million consumer accounts. Neighborhood Well being Community, an Indiana-based well being system, not too long ago licensed the Praia Well being Client Platform for implementation in 2024.
“Praia Well being will allow us to take away the normal obstacles to affected person care by personalizing people’ well being journeys and seamlessly connecting them to the proper providers, merchandise and sources—in an automatic approach,” stated Patrick McGill, M.D., govt vp and chief transformation officer of Neighborhood Well being Community, in an announcement.
Seventeen digital well being corporations have joined the Praia Well being Ecosystem Associate program, together with Atlas Well being, Cedar, DexCare, Foodsmart, Fortuna Well being, Kyruus Well being, Livara Well being, Medbridge, Modivcare, Omada Well being, Rosarium Well being, Season Well being, Vale Well being, Wellthy, Wildflower Well being, Validic, and Xealth.
As Praia Well being’s medical integration companion, Xealth allows digital options to be integrated into the clinician expertise and brings over 50 further related digital well being companions into the Praia Well being ecosystem. As well as, Praia Well being has secured Panda Well being, the AVIA Market, Xealth, and West Monroe as channel companions for the platform.
The corporate introduced the closing of a $20 million oversubscribed Collection A financing led by Frist Cressey Ventures, and backed by SignalFire, Espilon Well being Buyers and Windfall Ventures.
The brand new firm is led by healthcare {industry} and startup veteran Justin Dearborn who has been serving as executive-in-residence inside the Windfall Digital Innovation Group (DIG) since September 2023. The Praia Well being platform is the fourth incubated know-how at DIG below the management of Sara Vaezy, Windfall’s chief technique and digital officer. Navid Farzad a companion at Frist Cressey, Yuanling Yuan a companion at SignalFire, and Vaezy, have joined Dearborn on Praia Well being’s board of administrators.
“Partnerships and cross-industry collaboration are new imperatives for well being programs, and an open, environment friendly platform for knowledge sharing and client engagement is a prerequisite that hasn’t existed,” Dearborn defined in an announcement. “There may be deep worth related to streamlining the supply of the broad spectrum of consumer-facing options {that a} well being system needs to deploy at present—each operationally and from a affected person and caregiver satisfaction perspective. We’re excited to see that each well being programs and digital well being resolution corporations are already recognizing the worth as properly.”
“The Windfall incubation mannequin has some unbelievable benefits—enabling us to show out the know-how in a real-world setting and work alongside different well being programs and know-how companions through the incubation course of,” Vaezy added in an announcement.
