Healthify gets $2.5M to improve community health

Healthify

Healthify has raised a $2.5 million seed round led by a syndicate of investors including Primary Venture Partners (PVP), Milestone Venture Partners (MVP), Acumen, Kapor Capital, and Blue Cross and Blue Shield of Kansas.

The company works with managed care organizations and healthcare providers to better connect patients with community services to resolve unmet social needs. It is currently present in 24 states with plans to expand into a nationwide network of insurers, healthcare providers, and community agencies.

“We are incredibly humbled to have such a great group of VCs, impact investors, and strategic investors supporting our next growth phase,” Manik Bhat, Healthify’s CEO, said in a statement. “This financing allows us to get our tools to more people in need and build the infrastructure to fully coordinate services between healthcare entities and community services.”

Unaddressed social needs, like food insecurity and housing instability affect millions of Americans and cost an estimated $85 billion a year in additional healthcare spending. Healthify’s platform empowers healthcare staff to find and match the appropriate community-based agencies for high-risk patients to improve overall health outcomes.

The latest funding will allow the company to refine its offerings and secure its position as the de facto organization helping healthcare organizations find community services, tailor referrals, integrate social needs into electronic health records, and use analytics to understand the impact of social determinants on health outcomes.