Health IT

Evariant raises $42.3M to support expansion of engineering, sales teams

Health Enterprise Partners and Lightspeed Venture Partners, which had invested in previous rounds, also took part in the fundraise.

Health IT vendor Evariant has a Software as a Service platform to help hospitals launch digital marketing campaigns, assess their effectiveness, provide patient engagement tools and track doctor referrals. It has raised $42.3 million in a Series C round led by Goldman Sachs.

Evariant will use the funding to ramp up its engineering, services and sales teams to continue to expand its health system customers.

Health Enterprise Partners and Lightspeed Venture Partners, which had invested in previous rounds, also took part in the fundraise.

Earlier this year the company opened an office in Austin, which functions as its technology hub.

In an emailed statement Evariant Co-founder and CEO William Moschella said its company was positioned to support hospitals as they make the transition to value based care.

“Health systems and hospitals are challenged today by a heightened regulatory environment, increasing healthcare consumerism, and a shift to value-based care. Thriving and even surviving in the midst of all of these changes are only secondary to providing exceptional care to their patients and community…This additional investment positions Evariant to continue to help healthcare leaders navigate these challenges and grow revenue through strategic patient acquisition and physician alignment. By tapping big data and analytics, health systems and hospitals can deliver profitability by effectively engaging and retaining patients and providers.”

Photo: BigStock Photo

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