Healthcare information analytics firm Socially Decided introduced a partnership with information sharing expertise startup Datavant to supply life sciences firms 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: elements like entry to meals, housing and transportation. The corporate’s Social Scape platform gives public and business information that helps firms visualize potential social elements behind affected person and inhabitants well being.
Calif.-based Datavant is a knowledge sharing expertise startup for suppliers and life science firms that facilitates safe well being information change throughout its information ecosystem.
“The COVID-19 pandemic uncovered the numerous social inequities that affect well being outcomes. As a way to right these inequities, we should first perceive the social threat elements that trigger increased illness burden on particular populations in addition to entry to therapies. Correct linkage of social threat information with well being information is critical to acquire these insights, and we’re proud to allow Socially Decided’s platform to shed extra gentle on these vital questions,” Bob Borek, president and common supervisor of the life sciences, ecosystem and public sector companies at Datavant, mentioned in an announcement.
THE LARGER TREND
In 2020, Socially Decided introduced it scored $11.1 million in Sequence A funding and in June of final 12 months closed a $26 million Sequence B funding spherical.
Datavant acquired Common Affected person 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 Sequence B funding, bringing the corporate’s whole elevate to $83 million.
In 2021, the corporate merged with healthcare information administration resolution Ciox Well being.
Final 12 months, Datavant bought Convenet, a UK-based well being expertise infrastructure firm, and partnered with Graphite Well being, a software program firm backed by Intermountain Healthcare, Presbyterian Healthcare Providers, 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 ailments.
