Payers, Providers Invest in Analytics for Social Determinants

A host of major payer and provider organizations recently invested in a health analytics company focused on tackling social determinants of health (SDOH).Socially Determined recently announced that it has closed its Series A investment round raising a total of $11.1 million. The Washington, DC-based healthcare technology startup had supporters including Healthworx, the corporate investment and innovation arm of CareFirst BlueCross BlueShield, and Lafayette General Health. Existing investors in the healthcare analytics company include Ziegler Link-Age Finds, ProMedica, 3M, OSF Healthcare, LRV Health, and various other investors. Payers and providers are investing in the analytics tool focused on addressing SDOH to improve care for patients.Our investment in Socially Determined will help advance our mission to improve healthcare quality and increase access to care for our members,” Ricardo Johnson, vice president of Healthworx, stated in the announcement. “The company's focus on measuring the impact of social determinants of health will play a significant role in transforming our healthcare landscape.