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Healthcare information analytics firm Socially Determined introduced a partnership with information sharing expertise startup Datavant to offer life sciences corporations with information on social threat drivers to enhance well being fairness and affected person outcomes.
Washington D.C.-based Socially Decided makes use of information to supply insights into the social determinants of well being, together with components like entry to meals, housing and transportation. The corporate’s Social Scape platform supplies public and industrial information that helps corporations visualize potential social components behind affected person and inhabitants well being.
California-based Datavant is a datasharing expertise startup for suppliers and life science corporations that facilitates safe well being information trade throughout its information ecosystem.
“The COVID-19 pandemic uncovered the numerous social inequities that impression well being outcomes. As a way to appropriate these inequities, we should first perceive the social threat components that trigger increased illness burden on particular populations in addition to entry to remedies. Correct linkage of social threat information with well being information is important to acquire these insights, and we’re proud to allow Socially Decided’s platform to shed extra mild on these vital questions,” Bob Borek, president and basic supervisor of the life sciences, ecosystem and public sector companies at Datavant, stated in an announcement.
THE LARGER TREND
In 2020, Socially Decided introduced it scored $11.1 million in Series A funding and in June of final yr closed a $26 million Series B funding round.
Datavant acquired Universal Patient Key in 2018, a supplier of HIPAA-compliant de-identification service for healthcare information, and closed a $40.5 million financing spherical.
In 2020, Datavant garnered $40 million in Series B funding, bringing the corporate’s complete increase to $83 million. In 2021, the corporate merged with healthcare data-management answer Ciox Health.
Final yr, Datavant bought Convenet, a U.Okay.-based well being expertise infrastructure firm, and partnered with Graphite Health, a software program firm backed by Intermountain Healthcare, Presbyterian Healthcare Companies, SSM Well being and Kaiser Permanente.
The Broad Institute of MIT and Harvard, which is targeted on genomic analysis, additionally partnered with Datavant to scale clinico-genomic registries for uncommon and customary illnesses.
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