Strategic investment will further the creation of a digitally-enabled care delivery system, bringing digital interventions within clinician workflows and to specific populations
Xealth, the leader in digital health enablement for health systems, today announced a strategic investment from Morningside Ventures, a leading investor in healthcare innovation. This investment will strengthen Morningside’s digital health portfolio and expand Xealth’s footprint within health systems, helping them to manage and deploy their digital health formularies more effectively.
Xealth’s digital health platform serves as a crucial bridge between healthcare providers and digital solutions, streamlining the implementation of digital health tools within existing clinical workflows. The platform serves as a complementary addition to Morningside’s growing portfolio of more than 40 digital health companies focused on delivering population-level social benefit while impacting clinical and financial outcomes for health systems.
“Our investment in Xealth represents a milestone in our strategy to drive innovation in care delivery,” said Stephen Bruso at Morningside Ventures. “The complexity of today’s healthcare system demands solutions that can seamlessly connect providers with patients, using digital tools that improve patient care. Xealth’s ability to initiate and automate digital health solutions directly from the EHR is precisely what the industry needs to seamlessly deploy necessary interventions across populations, and it aligns perfectly with our vision for a more connected and efficient healthcare experience.”
Morningside’s investment comes at a time when healthcare organizations increasingly seek digital solutions that not only address immediate challenges but also work towards achieving long-term goals for more sustainable and accessible healthcare. Xealth is the driving force behind digital health programs at many of the nation’s largest health systems, bringing digital health vendors, programs, therapeutics and tools into the clinical and patient workflow.
“Today’s health systems face an increasing need for digital solutions that supplement care delivery,” said Mike McSherry, CEO and co-founder of Xealth. “Morningside Ventures’ deep expertise in healthcare innovation and its portfolio of complementary companies creates exciting opportunities for collaboration that will ultimately benefit patients and providers alike. We are thrilled to work with Morningside Ventures.”
When incorporating Xealth’s custom data and analytics, health systems can track, analyze and evaluate everything through their digital health integration platform. To date, 12 million orders have been sent, 100,000 providers engaged and three million patients reached.
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