Lumata Health Raises $4 Million in Series A Funding to Scale its Human-Led, Intelligent Eye Care Management Platform
Summary
RALEIGH, N.C. & OKLAHOMA CITY--(BUSINESS WIRE)--Lumata Health, a technology-driven healthcare startup on a mission to prevent blindness and address ophthalmology staffing challenges through its human-led, intelligent eye care management platform, announces $4MM in new venture funding to scale its impact throughout the United States. Data shows patients supported by Lumatas platform miss an average of 30% fewer clinic appointments.Our innovative, relationship-driven approach to eye care managementcombining our data and technology with the skill and expertise of our team of JCAHPO-Certified Ophthalmic Assistants and Techniciansis moving the needle on the well-known patient adherence challenge that puts tens of millions of adults at risk for serious vision loss. Were able to predict and prepare for obstacles and accommodate issues from arranging transportation and coordinating medication refills, to addressing anxiety triggered by ongoing injections and keeping patients on track with their treatment. The CDC estimates 93 million adults in the U.S. are at high risk for serious vision loss.Funding from the Series A round will be used to advance Lumatas pioneering approach through new enhancements to its platform, including developing further predictive analytics and incorporating automated patient communication pathways to power business growth. Founded in 2017 by an ophthalmologist and retina specialist in practice for over 30 years, Stephen R. Fransen, MD, and supported by more than 30 industry luminaries and influencers on its Advisory Board, Lumata Health aims to stop preventable blindness with a human-led, intelligent care coordination and management platform thats almost always free to the patient.
Funding
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