Tuesday, January 31, 2023

Socially Determined and Datavant partner on SDOH data



Healthcare data analytics firm Socially Determined introduced a partnership with data sharing know-how startup Datavant to supply life sciences corporations with data on social danger drivers to enhance well being fairness and affected person outcomes. 

Washington D.C.-based Socially Determined makes use of data to supply insights into the social determinants of well being, together with elements like entry to meals, housing and transportation. The corporate’s Social Scape platform gives public and business data that helps corporations visualize potential social elements behind affected person and inhabitants well being. 

California-based Datavant is a datasharing know-how startup for suppliers and life science corporations that facilitates safe well being data alternate throughout its data ecosystem. 

“The COVID-19 pandemic uncovered the numerous social inequities that influence well being outcomes. In an effort to right these inequities, we should first perceive the social danger elements that trigger greater illness burden on particular populations in addition to entry to remedies. Correct linkage of social danger data with well being data is critical to acquire these insights, and we’re proud to allow Socially Determined’s platform to shed extra mild on these important questions,” Bob Borek, president and common supervisor of the life sciences, ecosystem and public sector companies at Datavant, mentioned in an announcement.

THE LARGER TREND

In 2020, Socially Determined introduced it scored $11.1 million in Series A funding and in June of final 12 months closed a $26 million Series B funding round.

Datavant acquired Universal Patient Key in 2018, a supplier of HIPAA-compliant de-identification service for healthcare data, and closed a $40.5 million financing spherical. 

In 2020, Datavant garnered $40 million in Series B funding, bringing the corporate’s whole elevate to $83 million. In 2021, the corporate merged with healthcare data-management answer Ciox Health

Final 12 months, Datavant bought Convenet, a U.Ok.-based well being know-how infrastructure firm, and partnered with Graphite Health, a software program firm backed by Intermountain Healthcare, Presbyterian Healthcare Providers, SSM Well being and Kaiser Permanente.

The Broad Institute of MIT and Harvard, which is targeted on genomic analysis, additionally partnered with Datavant to scale clinico-genomic registries for uncommon and widespread ailments. 

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