NorthShore - Edward-Elmhurst Health
801 S. Washington St., Naperville, IL, 60540, United States
Overview
Edward-Elmhurst Health is an integrated health system comprised of three hospitals.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Fitness
- Health Care
- Hospital
- Medical
- Psychology
Investment portfolio
- Memora Health
Participated · Equity · Apr 2023
Memora Health is a San Francisco-based provider of an intelligent care enablement platform. Its system digitizes and automates clinical workflows, charging care teams by intelligently triaging patient-reported concerns and data to appropriate care team members and providing patients with proactive, two-way communication and support. The platform helps clinicians focus on practice while proactively engaging patients along complex care journeys. Memora partners with health systems, health plans, and digital health companies. Led by CEO Manav Sevak, the company intends to use the funds to expand operations and its business reach. Memora Health is a San Francisco-based technology platform that helps healthcare organizations digitize and automate care journeys for virtual care delivery and complex care management. It ingests existing clinical workflow data and converts it into cohesive messaging journeys that guide patients through care episodes and automates completion of simple follow-up tasks in the EHR. The platform integrates with EHRs, CRMs, and existing clinical and administrative workflows and trains AI on the clinical data generated during routine care. Memora has digitized clinical workflows with partners including the Mayo Clinic, Edward Elmhurst Health and Penn Medicine, supporting use cases from automated closing of care gaps to intelligent remote monitoring and proactive care coordination. Led by CEO Manav Sevak, the company plans to use the $40M financing to accelerate growth and expand operations and its business reach. Memora Health builds a proprietary, machine-learning driven platform that converts fragmented healthcare messaging and workflow data into smart modules to enable more continuous care delivery. The system integrates with electronic medical record and patient management systems to change how existing tools are used and to automate collection of rich, actionable clinical data outside episodic visits. Its platform supports patient communication, symptom triage, remote monitoring, evidence-based pathways, clinical documentation, and reimbursement workflows, aiming to create an always-learning health system around modern care delivery. The company has partnered with over 55 healthcare organizations, including the Mayo Clinic, Penn Medicine, Banner Health, and Dana Farber Cancer Institute. Led by CEO and co-founder Manav Sevak, Memora intends to use new funding to expand operations and broaden its business reach. The company is headquartered in San Francisco, CA. Memora Health offers Felix, an SMS-based virtual assistant that automates post-discharge follow-ups and reminders (medication, prescriptions, glucose/weight checks) by accessing patients' electronic medical records and using a HIPAA-compliant SMS service. The platform onboards patients when they leave a hospital or care center and is free to patients; three hospitals and 10 private practices pay Memora Health a fee plus a per-patient cost. The company says it currently has more than 1,500 patients using its service across chronic disease and post-surgery care. Memora positions Felix as efficiency/optimization software rather than a chatbot and emphasizes automating existing follow-up workflows. Memora launched out of stealth and is graduating from Y Combinator’s Winter 2018 batch. The company was founded in June 2016 and had six employees at the time of the article.
Team
No current team members are available.