Cordata Healthcare Innovations closes financing round
Cordata Healthcare Innovations LLC, which creates specialty care coordination platforms, recently announced the close of a Series A financing round of around $3 million, inclusive of the conversion of outstanding convertible notes.
The round was led by First Health Capital Partners and had participation from CincyTech. The funding will be used to expand the capabilities of Cordata's platform for care coordination.
"As the healthcare industry enters a new era of value-based payments and greater patient engagement, specialty-focused care coordination is proving to be a 'difference-making' discipline for hospitals and health systems, especially in the realm of complex and chronic conditions," said CEO Gary Winzenread. "Building on a strong base of existing client relationships, we are enhancing features and functions, increasing the number of specialties our platform supports and providing tools that boost the productivity and effectiveness of care coordinators while improving patient outcomes."
Cordata also announced the addition of Michael Collette, founder of Patient Point and Executive in Residence at CincyTech, and Caprice Turner of CVH Holdings to its board. The Cordata Board elected Jon Phillips as chairman.