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New Orleans area-based Watershed Well being, a affected person care coordination platform, not too long ago secured a $13.6 million funding to remodel an uncoordinated digital infrastructure, based on a information launch.

Builders stated the aim of the software program is to fight a flawed well being care spending system.

Buyers for the real-time Software program-as-a-Service (SaaS) knowledge sharing database are led by First Belief Capital Companions and embody FCA Enterprise Companions, 450 Ventures, Impression Engine, Create Well being Ventures, MassMutual Ventures, Capstar Companions, LDH Ventures II/Launchpad Digital Well being, and Wanxiang Healthcare Investments.

Watershed Well being is legally registered in Wilmington, Delaware, however its workplace is situated at 800 W. Commerce Highway in Elmwood.

A local of New Orleans, Dr. Chip Grant is the founder and CEO of Watershed Well being. He’s a board-certified supplier with observe in interventional cardiology, endovascular medication, and heart problems.

“My work as a doctor has proven me the implications of uncoordinated care – the missed connections and the inefficiencies. It’s irritating for suppliers and it’s dangerous to sufferers. I began Watershed as a result of I knew a greater healthcare system was attainable, and I wished to unravel the issues I used to be seeing in my neighborhood,” Grant stated in a information launch. “Little did I do know that Watershed would in the end be advancing transformational change for the complete healthcare sector. Our work to drive coordinated care throughout well being care communities is unbelievably compelling to each payers and suppliers, and we’re increasing to assist remedy the issue of fragmented care nationwide.”

In accordance with Grant, Watershed Well being doesn’t instantly compete with or exchange digital well being information (EHRs), well being info exchanges (HIEs), or referral and supplier level instruments like MyChart. It as a substitute enhances these current applied sciences. Grant goals to enhance integration and real-time collaboration by producing proprietary procedures made out there to payers and suppliers. The software program acts as a bridge that connects these methods to boost high quality and effectivity in well being care supply.

Based in 2013 to assist the Gulf Coast of Alabama, Watershed developed a statewide imprint which started with Blue Cross Blue Protect of Alabama earlier than in the end rising its nationwide presence.

“Blue Cross Blue Protect of Alabama is devoted to partnering with well being care suppliers to boost healthcare throughout our state by supporting collaborative options like Watershed Well being,” Stacey Walters, vp high quality and worth primarily based care at Blue Cross Blue Protect of Alabama, stated in a information launch. “As an early adopter of this platform, we’ve got seen firsthand the advantages it affords to our community. We’re excited to proceed our partnership with Watershed to drive innovation, effectivity and optimum outcomes for the suppliers, members, and communities we serve.”

Watershed presently companions with seven well being plans, 4 of which have a nationwide presence and hundreds of medical and non-clinical suppliers. Its footprint within the New Orleans space consists of its affiliation with Federal Certified Well being Facilities (FQHCs) corresponding to The St. Thomas Group Well being Middle and entails conversations with varied native suppliers and well being plans to accomplice within the close to future, based on Grant.

“We minimize hospital readmission in half, and I can guarantee you that the primary cause these numbers declined – and people sufferers fared higher – is Watershed Well being,” Jeff St. Clair, chief govt officer at Springhill Medical Middle, stated in a information launch.

Grant expressed the corporate’s subsequent steps to scale operations and to deploy the platform to new areas whereas investing in its rising workforce of expert professionals.