Population Health Platform Percipio Health Launches in North Texas with $20M Raised

Plano-based Percipio's platform uses AI and a smartphone—without medical devices—to collect "whole-person health signals" for real-time assessments that identify current and predictive health risks.

Plano-based Percipio Health has officially launched after raising $20 million to date with the closing of its series A round from investors including UPMC Enterprises, WAVE Ventures, Labcorp, and First Trust Capital Partners.

Percipio is a population health monitoring and management platform that’s scalable across rising and high-risk categories. Its co-founders, CEO Eric Rock and Chief Strategy Officer David Lucas, are veterans in digital health. The duo previously started Vivify Health, a remote patient monitoring platform that was acquired by UnitedHealth Group’s Optum division in 2019, and MEDHOST, an emergency department medical records and workflow solution that was acquired by HealthTech Holdings in 2010.

“After two years of intensive R&D, we’re thrilled to unveil Percipio Health, breaking through the high-cost barriers that have prevented remote patient monitoring from reaching broader populations,” Rock said in a statement. “With our advanced AI health signals, we deliver instant health risk assessments, proactive health monitoring, and comprehensive virtual care at scale.”

AI and smartphone lead to ‘better virtual healthcare’

Percipio’s platform was developed over the past two years. It uses AI and a smartphone, without medical devices, to collect “whole-person health signals” for real-time assessments that identify current and predictive health risks.

The company said that providers and payers can use these insights as a shared source of truth to manage growing populations and move value-based care contracting forward.

Percipio said that expanding virtual care will help boost the viability of the current U.S. health care model.

“Asynchronous monitoring is among the most powerful tools for the future of healthcare, enabled by the efficiencies of AI,” Dr. Andrew R. Watson, professor of surgery, Division of Colorectal Surgery at UPMC, and senior medical advisor at UPMC Enterprises, the innovation, commercialization, and venture capital arm of UPMC, said in a statement. “This ability to make the patient’s phone a pivotal part of healthcare may provide powerful health insights, second only to genetics.”

Leverages vision-based AI biomarkers and vocal AI biomarkers 

Percipio said its platform works by using a single mobile app to collect multiple health signals daily, constituting a whole-person view.

It uses vision-based AI biomarkers for vitals and medication monitoring, and vocal AI biomarkers for brain health assessments, among others, Percipio said. The company said its clinical portal enables predictive, proactive, and personalized care, and provides clinicians with predictive insights to assist in earlier diagnosis and inform next best actions.

Using technology to close gaps

“A significant need exists to deliver to the clinician the right information about the right patient at the right time to affect the right outcome. We’ve all been trying to do that for decades,” Dr. Cameron Powell, MD, venture partner at WAVE Ventures, said in a statement. Powell was one of the early pioneers of remote patient monitoring. “Now, with Percipio, this need can be accomplished at scale, at lower cost, with higher fidelity, transparency, and visibility of the data.”

Powell also noted the founders’ track record in healthcare tech.

“Percipio’s team has proven and repeated experience delivering advanced technology that leads to better care and outcomes, only this time it extends to the entire population,” he said

Lucas, Percipio’s co-founder and chief strategy officer, said the platform offers multiple advantages.

“With Percipio, we’re addressing very specific and strategic technology gaps that have been inhibiting value-based care from fulfilling its promise,” Lucas said in a statement. “Payers and providers can now reach and understand a much broader population, of both rising and high risk, to ensure they receive the proactive attention, assessment and interventions they need, resulting in lower costs of care and more optimal outcomes.”


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