Truveta is a data company dominated by the health system, $95 million has been raised In the A round of financing, three health system members were added.
Baylor Scott & White Health in Dallas, MedStar Health in Columbia, Maryland, and Texas Health Resources in Arlington have now joined 14 health systems. Establish company in February. Truveta’s 17 member health systems participated in this round of financing.
The company is building a platform that will build and standardize de-identified patient data from its member medical systems. Truveta CEO Terry Myerson said in an email that it will provide clinicians, researchers and biopharmaceutical companies with aggregated data analysis of conditions, treatments and prognosis. This data analysis will provide insights into different types of conditions, treatments and outcomes, and is designed to support clinical decision-making and drug development.
“Truveta aims to help every healthcare provider obtain expert information and promote the health of all people through useful and widely available tools,” Myerson said. “With nearly $100 million invested in Truveta, we have the resources needed to accelerate the realization of our vision.”
The company will use the new funds to build the infrastructure and cloud computing resources needed to support clinical data, and hire technicians and health data experts.
According to the press release, with the addition of these three health systems, Truveta will have access to data that accounts for more than 15% of patient care in the United States.
“Truveta is unique in the breadth and depth of clinical data and continuous health system governance,” Myerson said. “For the first time in the history of health, we have enough large-scale data, and through a collective commitment to cooperate on ethical innovation, we have greatly promoted healthcare innovation.”
According to a report, by 2026, the value of the healthcare data analysis market is expected to increase from US$11.5 billion in 2018 to US$80.2 billion. Recent market reportsDespite the crowded market and numerous companies such as Ayasdi and Flatiron Health, Truveta is backed by some of the country’s largest and most prestigious medical systems, giving it access to a large amount of unidentified patient data.
“There is no system that can use our data to improve all aspects of healthcare, from patient care journeys and experiences to treatments and outcomes, to accomplish what we will achieve together,” said Buck, CEO of Texas Health Resources. Leigh E. Burdan said in the news that he was released.
But as de-identified patient data becomes more and more popular in analysis, hospitals Should be carefully considered There is a privacy risk when signing an information sharing agreement, as the data may be re-identified when merging large data sets.
Photo: TAW4, Getty Images
