Pieces Technologies has closed a $25.7 million Series B funding round led by healthcare investment firm Concord Health Partners. Existing investors Children’s Health of Dallas and OSF Healthcare System also participated in the round.
Pieces Technologies, a Dallas artificial intelligence and technology company, connects health systems and the community to address clinical and social determinants of healthcare.
Pieces said its new funding will accelerate the national distribution of its clinical analytics engine, Pieces Decision Sciences (DS), and social determinants of health (SDoH) platform, Pieces Iris.
“Pieces is focused on building stronger and smarter networks to address the clinical and social determinants of health across a range of conditions, from heart failure to chronic kidney disease,” Founder and CEO Ruben Amarasingham said in a statement.
The company said that since 2016, it’s been building integrated communities between health systems and community service providers. Its clients range from hospitals, health systems and health plans to community health clinics and community service providers such as food banks, job assistance, and educational services. That includes: UVA Health System, Northwell Health, Children’s Health of Dallas, OSF Healthcare System, Baylor Scott and White Health, and Parkview Medical Center.
The tech has been deployed at several notable health systems and communities across North America. In less than three years, Pieces says its software has enabled up to a half-day reduction in hospital length-of-stay and sustained a reduction in readmissions.
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