Top Health Systems Invest in Innovative Technology Company to Simplify Data Abstraction and Deliver Data Insights to Drive Quality Improvement
Carta Healthcare®, a company whose mission is to improve patient care by harnessing the value of clinical data, announced today the final closing of its $25 million series B financing, thanks to additional investments from leading health systems Memorial Hermann Health System and UnityPoint Health.
These additional investments follow the initial $20 million series B financing announced in November 2022, which included investors such as Paramark Ventures, Frist Cressey Ventures, American College of Cardiology, Asset Management Ventures, CU Healthcare Innovation Fund, Mass General Brigham, Maverick Ventures Investment Fund, and Storm Ventures.
“I am thrilled to have such visionary and forward-thinking investors who share our passion for accelerating the development of healthcare technologies,” said Matt Hollingsworth, Co-Founder and CEO at Carta Healthcare. “This funding will allow us to scale operations and product development making more products accessible to more health systems.”
Carta Healthcare is a leading provider of collection, analysis, and insights into clinical data.
Backed by state-of-the-art technology and a team of experienced clinicians, the company delivers the highest quality registry data abstraction, reporting, and analytics to leading healthcare systems nationwide. By transforming the abstraction process and implementing powerful analytic capabilities, Carta Healthcare informs data-driven decisions that can improve patient outcomes, drive data processing cost savings, and enable healthcare professionals to spend more time on patient care rather than data entry.
“Memorial Hermann invests in solutions that align with our vision to create healthier communities,” said Feby Abraham, Executive Vice President and Chief Strategy Officer at Memorial Hermann. “Carta’s platform gives providers and researchers access to timely, actionable analytics and insights that can lead to meaningful quality improvements and enhanced research capabilities.”
“There has never been a time in healthcare when it has been more important for us to embrace automation,” said Matt Warrens, Managing Director at UnityPoint Ventures. “Automation in healthcare isn’t about closing the gap between need and lack of clinicians, it’s about equipping our clinicians with tools they need to be able to continue to provide high quality care more efficiently.”
About Memorial Hermann Health System Twitter: @memorialhermann
Charting a better future. A future that’s built upon the HEALTH of our community. This is the driving force for Memorial Hermann, redefining health care for the individuals and many diverse populations we serve. Our 6,700 affiliated physicians and 32,000 employees practice the highest standards of safe, evidence-based, quality care to provide a personalized and outcome-oriented experience across our more than 260 care delivery sites. As one of the largest not-for-profit health systems in Southeast Texas, Memorial Hermann has an award-winning and nationally acclaimed Accountable Care Organization, 17* hospitals and numerous specialty programs and services conveniently located throughout the Greater Houston area. Memorial Hermann-Texas Medical Center is one of the nation’s busiest Level I trauma centers and serves as the primary teaching hospital for McGovern Medical School at UTHealth. For more than 115 years, our focus has been the best interest of our community, contributing nearly $500 million annually through school-based health centers and other community benefit programs. Now and for generations to come, the health of our community will be at the center of what we do – charting a better future for all.
*Memorial Hermann Health System owns and operates 14 hospitals and has joint ventures with three other hospital facilities, including Memorial Hermann Surgical Hospital First Colony, Memorial Hermann Surgical Hospital Kingwood and Memorial Hermann Rehabilitation Hospital-Katy.
About UnityPoint Health
As an integrated health system, UnityPoint Health provides care throughout Iowa, western Illinois, and southern Wisconsin in not-for-profit hospitals, clinics, and home health settings. Each year, they serve nearly 8 million patient visits of all different types, including around 100,000 surgeries and delivering more than 20,000 babies. Whatever stage of life a patient is in, their goal is to make care easier and more personal. For more information, please visit unitypoint.org.
About Carta Healthcare
Founded in 2017, Carta Healthcare empowers health systems to deliver better patient care through significant enhancements in the way specialized databases, known as registries, gather and analyze data related to a patient’s diagnosis, treatment, and outcome. Registries play a vital role in advancing the understanding of diseases as they provide researchers vital insights into disease patterns, treatment effectiveness, and overall patient outcomes. They also facilitate the detection of complications, side effects, and other safety concerns. By leveraging state-of-the-art technology and a talented team of multidisciplinary experts, Carta Healthcare has revolutionized the processes surrounding registries, resulting in markedly faster data collection, superior quality of data and associated analytics, and considerable cost savings for healthcare providers. By enhancing healthcare data processes and analytics, Carta Healthcare is dedicated to improving patient outcomes and promoting a healthier future for all.
Originally announced June 8th, 2023
