Ribbon Health raises nearly US$44 million
Ribbon Health is a startup that allows healthcare companies to build workflows around its provider’s data platform. According to a press release on Tuesday, the company has raised $43.5 million in new financing.
General Catalyst led the B round of financing, Andreessen Horowitz, BoxGroup, Rock Health and Sachin JainismSince its inception in 2016, Ribbon Health has raised $55 million. The company will use the new funds to hire more employees and invest in technological improvements.
Ribbon Health provides real-time, up-to-date information about clinicians.
“While consumers can easily find the address of a local restaurant, this is not the case for patients who are looking for a phone number to book an important MRI or confirm that they are seeing a clinician in the network. Ribbon Health CEO and Co-founder Nate Maslak said at a press conference: “This doctor data problem can hurt patients because it usually causes people to delay care, opt out of treatment, or deal with unnecessary and burdensome economic impact. “
Oak Street Health, Decent, Firefly Health and PacificSource are Ribbon Health customers.
According to data from Digital Health Business & Technology, General Catalyst is the most active venture capital investor in the digital health field in the third quarter of this year, participating in 9 transactions.