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Alleva, which makes software program geared towards behavioral well being suppliers, raised $12 million in Collection A funding.
The spherical was led by Ankona Capital, with participation from its current buyers. The startup had beforehand raised an undisclosed seed funding round final yr.
WHAT IT DOES
Alleva gives an EHR for behavioral well being practices. Its instruments embrace information analytics to investigate income and alternatives for progress, affected person outreach and scheduling software program, a patient-facing app, and telehealth integration.
The corporate stated it’ll use the capital from the Collection A to assist its progress and proceed to develop its EHR.
“The main target of this elevate is to proceed to carry subtle know-how to extra customers within the behavioral well being house,” Steven McCall, CEO of Alleva, stated in a press release.
“Prospects who leverage their current EMR information with our enterprise intelligence instrument have improved effectivity and profitability, usually exceeding their enterprise objectives. Extra importantly, they’ve seen improved outcomes for his or her sufferers. We’ve created a paradigm shift in therapy and set the bar for what information can do. We look ahead to working with the Ankona workforce to develop our market penetration.”
MARKET SNAPSHOT
Although digital well being funding fell once more within the third quarter this yr, Rock Health’s investment report famous nonclinical workflow instruments are the top-funded worth proposition to date this yr, which can sign the continued significance of addressing clinician shortages and burnout. There are additionally numerous startups within the digital mental health house, and it continues to steer by way of funding by medical space.
One other firm that provides digital instruments to assist psychological well being suppliers handle their practices is Develop Remedy, which lately introduced a $75 million Series B round.
Alma additionally makes software program and assist instruments for behavioral well being clinicians. The startup revealed a $130 million Series D raise over the summer season.
Motivo Well being, which just about connects new psychological well being suppliers with supervisors to finish their licensure necessities, scooped up $14 million in Series A funding in August.
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