Patient engagement platform used by Montefiore, Banner & 550 other health systems raises $130M

Luma Health, a patient engagement platform used by Banner Health and MontefioreMedical Center, raised $130 million in a Series C funding round.

Three details:

  1. The funding round was led by FTV Capital and brings the total funding raised to $160 million, according to a Nov. 23 news release. The company's platform is used by more than 550 hospitals, health centers and clinics nationwide, including New York City-based Montefiore Medical Center, Chicago-based Cook County Health, Phoenix-based Banner Health and Mishawaka, Ind.-based Franciscan Alliance, according to the release.

  2. With the funding, Luma Health will continue to develop its platform, which assists hospitals in meeting their innovation goals, according to the release. One example cited in the release: the rapid deployment of mass COVID-19 vaccination programs.

  3. "Luma Health [is a] special partner of Banner — we evaluated over 100 possible partners and picked Luma since they have the most comprehensive platform that offers unique integration opportunities with Cerner," Jeff Johnson, vice president of innovation and digital business at Banner, said in the release. "We rely heavily on Luma's exceptional team members to provide us the support we need to power our digital transformation."

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