Lafayette General joins ProMedica, OSF HealthCare to invest in analytics startup

Socially Determined, which uses data analytics to identify patients in need of social services interventions, closed an $11.1 million funding round with participation from Lafayette (La.) General Health and CareFirst BlueCross BlueShield's venture arm.

Lafayette General and Healthworx, the investment and innovation offshoot of CareFirst BCBS, joined previously announced investors in the Series A funding round including Peoria, Ill.-based OSF HealthCare's investment arm OSF Ventures and Toledo, Ohio-based ProMedica.

Socially Determined uses advanced analytics and machine learning to analyze health data from government, provider and payer databases to measure risks associated with social determinants of health and match patients with needed social services.

More articles on data analytics:
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Most healthcare organizations lack data infrastructure needed for value-based care: Innovaccer report
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