Healthcare knowledge analytics firm Socially Decided introduced a partnership with knowledge sharing know-how startup Datavant to supply life sciences corporations with knowledge on social danger drivers to enhance well being fairness and affected person outcomes.
Washington D.C.-based Socially Decided makes use of knowledge to supply insights into the social determinants of well being, together with components like entry to meals, housing and transportation. The corporate’s Social Scape platform offers public and business knowledge that helps corporations visualize potential social components behind affected person and inhabitants well being.
California-based Datavant is a datasharing know-how startup for suppliers and life science corporations that facilitates safe well being knowledge alternate throughout its knowledge ecosystem.
“The COVID-19 pandemic uncovered the numerous social inequities that influence well being outcomes. As a way to appropriate these inequities, we should first perceive the social danger components that trigger increased illness burden on particular populations in addition to entry to remedies. Correct linkage of social danger knowledge with well being knowledge is critical to acquire these insights, and we’re proud to allow Socially Decided’s platform to shed further gentle on these crucial questions,” Bob Borek, president and normal supervisor of the life sciences, ecosystem and public sector companies at Datavant, stated in a press release.
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 knowledge, 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 data-management answer Ciox Well being.
Final 12 months, Datavant bought Convenet, a U.Ok.-based well being know-how 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 concentrated on genomic analysis, additionally partnered with Datavant to scale clinico-genomic registries for uncommon and customary ailments.