Connecticut-based Diameter Health today announced a $9.6 million Series A-1 funding round led by Optum Ventures, of Boston.
Optum Ventures joined previous Diameter Health investors Activate Venture Partners, Connecticut Innovations, Excelerate Health Ventures and LRV Health.
Diameter Health is focused on clinical data integration through the normalization, cleansing, deduplication and enrichment of clinical data from across the care continuum.
The company has developed a technology that cleanses multi-source clinical data with the goal of achieving actionable insights for healthcare organizations. The National Committee for Quality Assurance and the Office of the National Coordinator for Health Information Technology have certified the solution.
“The volume of clinical data being exchanged has grown exponentially over the last decade, and players across the healthcare ecosystem are grappling with how to make this influx a useful and valuable asset,” said Eric Rosow, CEO of Diameter Health.
He added that the partnership with Optum Ventures will accelerate Diameter Health’s ability to meet the industry demand for technology that makes clinical data actionable at scale.
The funding will support Diameter Health’s growth with additional development, cloud delivery and commercial resources for its processing of clinical elements transferred among health information exchanges, health systems and health plans.
Diameter Health also plans to bolster its sales and marketing resources, along with its product offerings.
Earlier this year, Diameter Health’s president and chief strategy officer, John D’Amore, wrote a column about the progress of interoperability for our sister site Inside Digital Health™. In the piece, he argued that standards such as Fast Healthcare Interoperability Resources (FHIR) won’t push health data exchange forward in the way providers and patients require.
“Healthcare needs a second-tier ecosystem to normalize medical data,” D’Amore wrote. “This is like Google, which organizes the heterogenous ways content exists on the internet to make it searchable.”
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