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Health IT startup nets $2M to expand post-acute care transition tool

CarePort Health is one of several health IT companies that wants to improve post acute care transitions.

Careport Health, a service designed for hospitals to help patients better understand their post-acute care options, has raised fresh capital to accelerate the growth of the two-year old business. It raised $2 million from new and existing investors, according to a company statement.

The idea behind the company is to go beyond a simple print out of healthcare facilities and to give the most relevant information to help patients make informed choices.

Generator Ventures, which runs Aging 2.0, was among the investors to participate in the funding round. The firm launched a fund last year to support early stage companies focused on longterm care and aging. Among other investors in the funding round are: Baseline Ventures, CommonAngels Ventures, Excelerate Health Ventures, Launch Capital, 500 Startups and angel investor Andy Palmer.

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A Deep-dive Into Specialty Pharma

A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.

Careport’s platform collects and analyzes data from post-acute care organizations to identify providers that match a patient’s unique clinical needs and preferences, according to the statement. Facilities meeting criteria such as low readmission rates are presented to patients. It also tracks a patient’s recovery and transmits relevant information to the patient’s care team.

CEO Lissy Hu founded the company in 2013 when she was a Harvard medical school student. Often times, patients choose skilled nursing facilities based on little more information than a name and address.

Several health IT companies have taken different approaches to tackling the challenge of post-acute care transitions such as RightCare Solutions, Utilize Health, Sequentia, and Aidin.

Photo: Flickr user tableatny