Clarify Health Snags $150M for End-to-End Patient Intelligence

Cloud analytics and payments platform Clarify Health on Tuesday (April 5) secured $150 million in a Series D fundraising round, according to a company press release.

SoftBank Vision Fund 2 led Clarify’s funding effort with participation by funds and accounts managed by BlackRock and Memorial Hermann Health System, existing investors Insight Partners, Spark Capital, KKR, Aspenwood Ventures, Rivas Capital and Sigmas Group.

Clarify oversees 300 million annual patient journeys and 18 billion AI-powered predictions to help providers, health plans and life sciences companies make better care decisions, the company press release said.

The platform assesses the performance of hospitals and clinicians and identifies the right interventions and therapies for patients.

“Our mission is to fundamentally improve the way healthcare is paid for and delivered,” said Clarify Health CEO Dr. Jean Drouin in the release “To date, siloed, disparate data and systems have made it extremely difficult to build the trust and transparency needed to accelerate the shift to value.

“We finally have the AI-driven intelligence that healthcare organizations need to optimize every patient journey and embrace value-based arrangements across providers, payers and life sciences,” he said.

Clarify’s platform connects clinical performance to financial incentives to facilitate value-based payments. The fresh capital comes less than a year after Clarify secured Series C funding in 2021 and two recent strategic acquisitions, Apervita’s Value Optimization Business and Embedded Healthcare.

“We founded Clarify because we wanted healthcare organizations and patients to benefit from the big data efficiencies of the banking and consumer industries,” said Todd Gottula, president of Clarify Health, in the company press release. “Clarify’s enterprise system of intelligence has unleashed an exchange of AI-driven insights among providers, health plans, and life sciences companies.

“Going forward, our value-based payments platform will enable the transaction of all payments, driving better care decisions, scaling value-based care, improving outcomes and eliminating waste,” he said.

Related: AHA Enters VC Business, Looks to Seed Promising Health Startups

In March, the American Hospital Association (AHA) announced that it is getting into the venture capital game to help medical ideas become realities. The AHA said it is “providing early financing for investment funds run by leaders focused on improving healthcare access, quality and affordability.”