Lumere provides evidence-based analytics and services to help health systems reduce unwarranted and costly clinical variation. Its proprietary data and research support physician decision-making and product selection across the patient journey. The company says health systems in more than 40 states use its data and that it has helped over 650 healthcare facilities since 2012. Lumere’s offerings are designed to bring evidence and analytics closer to the individual physician, including tools to support case planning. The firm reports its work has helped health systems save millions in supply and drug spend while improving patient outcomes. Lumere plans to use new capital to develop and expand service offerings that enable evidence-led change at health systems nationwide. Procured Health provides technology and data-driven solutions designed to improve patient care while eliminating wasteful spending. Its core offerings address all aspects of clinical spend management, including opportunity identification, clinical decision making, contracting, utilization, and performance management. The company works with top-ranked health systems such as Stanford Health Care, Vanderbilt University Medical Center, Legacy Health, St. Joseph’s Health, and Johns Hopkins. Led by co-founder and CEO Hani Elias, JD, MPH, Procured Health intends to use new funding to expand its reach and to advance its solutions. The company announced a $10M funding round to support these plans. Procured Health develops web-based solutions to improve evaluation and purchasing of medical products by progressive healthcare providers. Its offerings include a comparative device-information platform and a product-evaluation workflow solution. The company says its tools leverage data science, market intelligence, and clinical insights to help members understand industry dynamics, identify competition, discover opportunities, and accelerate decision-making and implementation. Led by CEO Hani Elias, Procured Health targets healthcare organizations seeking more efficient product assessment and procurement processes. The company was actively hiring as of the article date. Procured Health offers a web-based application that enables hospitals and physicians to discover, compare and professionally review medical devices, with the stated aim of driving down device-related hospital spend. The product is positioned as a Bloomberg/Yelp‑style network for hospitals where clinicians can leave detailed, head‑to‑head reviews rather than simple star ratings. The company graduated from Blueprint Health’s accelerator and entered private beta, testing its network and pilot program with five healthcare systems, including three top-tier academic institutions. Procured is planning a full-scale launch in early 2013 and intends to scale its team and continue product development using the seed proceeds. The founders — Hani Elias (CEO), Eric Meizlish and Will Danford — built the company after identifying pervasive adoption barriers for lower-cost, effective devices while consulting with device manufacturers.

Total raised

$15M

Funding rounds

4

Latest round

Equity

Latest activity

Jun 2016