Watershed Health Secures $13.6M to Tackle Uncoordinated Care Crisis
Summary
The investment will fuel the companys mission to combat uncoordinated care, a major contributor to wasted healthcare spending and negative patient outcomes.Uncoordinated care, where patients medical information and needs are fragmented across different providers, is a significant burden on the healthcare system. This lack of coordination leads to:A study published in the New England Journal of Medicine Catalyst revealed that nearly 70% of preventable, cost-driven adverse patient outcomes can be attributed to provider behavior, highlighting the critical need for improved communication and collaboration.Watershed Health tackles these challenges by providing a single, comprehensive platform for real-time communication and information exchange between a patients entire network of clinical and non-clinical providers. This platform offers several key features: Shared Patient Record: Enables real-time exchange of critical information, including clinical documents, current health status, social determinants of health, and contact details. The platforms effectiveness in reducing costs and improving patient outcomes led to organic adoption across the state, including among health plans. I started Watershed because I knew a better healthcare system was possible, and I wanted to solve the problems I was seeing in my community.