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Cigna Ventures leads $29.5M investment in healthcare analytics company

January 13, 2020 / ELISE REUTER

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 ...