PreparedHealth, a Chicago startup that’s using social media and Big Data to help patients recover more quickly and stay out of the hospital, has attracted $4 million from several well-known investors.

Chicago Ventures led the deal, which also included local funds Pritzker Group Venture Capital; Beverly Capital, a firm led by former GTCR partner Joe Nolan; and Indianapolis-based Meridian Street Capital.

PreparedHealth’s product, an app called Dina, connects various care providers involved in treating a patient, allowing them to share information in the same way they might on Facebook. It showed surprising results, cutting readmission rates by half when it was tested at a home health care facility run by Bayada Home Health Care, a New Jersey-based company.

The product resonated with Kevin Willer, a partner at Chicago Ventures, whose father suffered an illness before dying last year. “We think this is a massive opportunity,” he said. “We dealt with some of these issues. They hand you a sheet of paper when you walk out of the hospital. It should be more coordinated. Having access to a platform would help coordinate care and communication.”

Read the full article on Crain’s Chicago Business

Latest News and Insights

View All

How to Bring Patients Back to the Hospital Safely

How to Bring Patients Back to the Hospital Safely

How do you re-engage patients and establish hospitals as safe places that limit COVID-19 risk? Dina CEO Ashish V. Shah will join a panel sponsored by MATTER to address the COVID-19 recovery process for health systems. Register today for this informative discussion,...