Cigna Ventures leads $29.5M investment in healthcare analytics company

MedCity News | January 13, 2020

Healthcare analytics company Arcadia raised $29.5 million in new funding. The growth capital round was led by Cigna Ventures, with participation from past investors. Burlington, Massachusetts-based Arcadia integrates with more than 40 different electronic health record companies. It aggregates and analyzes records data to help hospitals and accountable care organizations meet metrics for value-based care. The company also develops tools to identify gaps in patient care and find ways to improve on cost. Arcadia is accelerating the path to value-based care through its use of high-quality data, sophisticated analytics and workflow technology” Tom Richards, global lead of strategy and business development at Cigna Ventures, said in a news release. Cigna has a long history of partnering with innovative companies who, like us, are focused on making health care affordable, predictable and simple and improving health and well-being outcomes. Arcadia not only shares that vision, but with our investment and partnership, can bring even more resources and tools to health care professionals enhancing patient care and furthering the adoption of value-based care models.

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Hear from Morris, the CEO of Ambra Health - a digital healthcare company - as he shares his thoughts on the value of being in the APN as a startup and why the industry experience of the AWS teams he's worked with has been so helpful.

Spotlight

Hear from Morris, the CEO of Ambra Health - a digital healthcare company - as he shares his thoughts on the value of being in the APN as a startup and why the industry experience of the AWS teams he's worked with has been so helpful.

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