Digital health startup par8o raised $10.5 million in Series A funding from Atlas Venture, Founder Collective, CHV Capital and other investors. The funding will support company mission to enable healthcare organizations to optimize resources to deliver quality care.

par8o develops Healthcare Operating System that allows healthcare organizations to optimize their networks of providers and other resources to deliver quality care by applying one of the most powerful and proven principles in economics – Pareto Optimization. This approach, and the EMR-agnostic technologies par8o has developed to implement it, are well-suited to healthcare as they can achieve continuous efficiency improvements while balancing the needs of all parties.

par8o’s platform enables organizations to match the right patient to the right resource at the right time.The company gives healthcare organizations a new, comprehensive view into how patients move through their facilities, enabling physicians to remain engaged in every step of the patient’s treatment. The cloud-based platform ensures transitions in care match plan design and that relevant information, such as a test result or discharge plan, are easily available. This, according to par8o, enables organizations to match the right patient to the right resource at the right time. To date, every par8o customer has expanded their engagement with the company after experiencing initial results.

“par8o is working to bridge the problematic gaps in EMR technology, facilitate better information sharing, and ease office workflows so that physicians have a smarter way to match patients to the right next step in their care,” said Daniel Palestrant, MD, co-founder and CEO at par8o.

Since the company’s founding in 2012, a growing and diverse list of organizations have adopted the par8o platform, including the largest employer in the State of Nevada – MGM Resorts, and several pre-eminent academic medical centers, such as Harvard Medical School affiliated hospitals in Boston and facilities that are part of the Mount Sinai Health System in New York.