Elation Health, the clinical-first technology company powering innovation in primary care, today announced a Series D financing round of $50 million. Generation Investment Management, a firm established in 2004 to back businesses driving sustainability, co-led the round alongside Ascension Ventures with participation from Threshold Ventures, Ascend Partners, and individual investors including Fay Rotenberg and Jonathan Bush. This new round brings Elation Health to $108.5 million in venture funding to date.
Funding will be used to continue rapidly scaling Elation’s market reach and platform features for high-value primary care success in all settings. In addition to being a market leader for independent primary care practices — including those taking insurance, in risk-bearing contracts, and in the direct primary care setting — Elation is the operating technology for many of the largest and fastest-growing primary care innovators such as Crossover Health, Cityblock Health, and Firefly Health.
Designed from the start as a Collaborative Health Record, the Elation Health technology platform has a unified patient architecture that intuitively makes real-time shared data available to every clinician without overwhelming data noise. In 2021, the company was invited to work with the American Academy of Family Physicians (AAFP) on technology that can ease administrative burden on physicians. Elation Health has invested significantly in technology tools that make it easy for clinicians to get credit for the relationship-driven care they provide to patients. Today, millions of patients are being cared for by clinicians in value-based care arrangements using Elation.
Additionally, Elation has become the API-driven, EHR platform of choice for development teams at primary care organizations to accelerate innovative care models without creating technology systems from scratch. The platform currently supports more than a million API calls each day with connections to 300+ technology and healthcare organization collaborators including Dock Health, Hint Health, and Zus Health.
The company will continue to build for clinician delight. In an increasingly complex healthcare landscape, Elation is maintaining the highest NPS and KLAS scores while advancing primary care success across the wide variety of new practice and payment models. For more information about Elation Health’s platform for primary care, visit elationhealth.com.
Elation Health is the most trusted technology platform for high-value primary care. Since 2010, the company has delivered clinical-first solutions — built on a collaborative EHR platform — that help practices start, grow, communicate, and succeed in delivering the highest-quality personalized care to patients. Elation Health supports primary care clinicians in upholding the craft of medicine, while thriving in an evolving healthcare landscape. Today, Elation Health serves 24,000 clinicians caring for millions of Americans. Learn more at elationhealth.com, LinkedIn, and Twitter.
Generation Investment Management is dedicated to long-term investing, integrated sustainability research and client alignment. It is an independent, private, owner-managed partnership established in 2004 and headquartered in London, with a U.S. presence in San Francisco. Generation Investment Management LLP is authorised and regulated in the United Kingdom by the Financial Conduct Authority. In the U.S. Generation operates via Generation Investment Management US LLP, a Registered Investment Adviser with the Securities and Exchange Commission. www.generationim.com
Ascension Ventures is a strategic healthcare venture fund with more than $1 billion in capital under management. Our limited partners are some of the most respected, values-driven nonprofit healthcare systems in the U.S. As a strategic investor, Ascension Ventures adds value by sharing its portfolio companies’ solutions across its limited partner base. The work we do at Ascension Ventures generates returns to our limited partners that help support their missions to provide care to the poor and vulnerable. http://www.ascensionventures.org/
NEW YORK, NY 10022