Alleva scores $12M to develop behavioral well being EHR

Alleva, which makes software program geared towards behavioral well being suppliers, raised $12 million in Collection A funding.

The spherical was led by Ankona Capital, with participation from its current buyers. The startup had beforehand raised an undisclosed seed funding spherical final 12 months. 

WHAT THEY DO

Alleva presents an EHR for behavioral well being practices. Its instruments embrace knowledge analytics to investigate income and alternatives for progress, affected person outreach and scheduling software program, a patient-facing app and telehealth integration.

The corporate stated it is going to use the capital from the Collection A to help its progress and proceed to develop its EHR.

“The main target of this elevate is to proceed to deliver subtle expertise to extra customers within the behavioral well being area,” Steven McCall, CEO of Alleva, stated in a press release. “Prospects who leverage their current EMR knowledge with our enterprise intelligence instrument have improved effectivity and profitability, usually exceeding their enterprise targets. Extra importantly, they’ve seen improved outcomes for his or her sufferers. We’ve created a paradigm shift in remedy and set the bar for what knowledge can do. We stay up for working with the Ankona staff to develop our market penetration.”

MARKET SNAPSHOT

Although digital well being funding fell once more within the third quarter this 12 months, Rock Well being’s funding report famous nonclinical workflow instruments are the highest funded worth proposition up to now this 12 months, which can sign the continued significance of addressing clinician shortages and burnout. There are additionally quite a few startups within the digital psychological well being area, and it continues to guide by way of funding by scientific space. 

One other firm that gives digital instruments to assist psychological well being suppliers handle their practices is Develop Remedy, which lately introduced a $75 million Collection B spherical. Alma additionally makes software program and help instruments for behavioral well being clinicians, and the startup revealed a $130 million Collection D elevate over the summer season. 

Motivo Well being, which nearly connects new psychological well being suppliers with supervisors to finish their licensure necessities, scooped up $14 million in Collection A funding in August.