Human life comes with a lot of room for errors, but an error we cannot afford is staying in one place. You see, when we straight up refuse to move further, we miss out on some really meaningful opportunities, thus setting up our potential to go down the drain. Beyond that, not staying in motion also brings a fear of stagnation. Human ideas are constructed in such a way that they need to be replenished time and time again, as otherwise they can easily become stale and inefficient. Now, while the said process is highly important, it’s not the easiest thing in the world, hence we would develop various tools to guide us in this pursuit. Each of these tools was notably designed to bring something different to the table, and honestly the arrangement looked fine enough, but technology’s arrival pushed up the standards by a whopping margin. Before technology, no creation had managed to construct a sizeable influence throughout the spectrum, so once it happened; the dynamics were understandably changed forever. Nevertheless, this won’t be the end by any means. Technology continued to build upon its phenomenon-like image, and it is actually still doing so. An example of that was on full display during Memora Health’s recent funding.
Memora Health, a San Francisco-based digital health platform, has officially closed on $40 million in Series B financing. Led by Transformation Capital, the round saw further participation from entities like Andreessen Horowitz, Frist Cressey Ventures, Edward Elmhurst Health, AlleyCorp, among others. As a part of the agreement, Todd Cozzens, managing Partner at Transformation Capital, will also join Memora’s board. According to certain reports, the company hopes to dedicate the fresh cash inflow towards bolstering the care delivery experience for patients and the healthcare providers. In a similar bid, Memora has, so far, collaborated with many big names, including Mayo Clinic and Penn Medicine. Through the said collaborations, the company has made a big difference around areas such as cancer side effects’ management, aiding treatment adherence, and enhancing responsiveness to any critical situation etc.
Interestingly enough, apart from simplifying the process for patients, Memora has also used its cohesive and accommodating approach to reduce the burden on healthcare providers, thereby encouraging a better brand of treatment.
“By helping to digitize, automate and track all of those steps for the care teams, we’ve actually been able to reduce care team burden and notifications by nearly 40% so clinicians are spending less time sifting through messages and more time practicing at the top of their license,” said Manav Sevak, co-founder and CEO at Memora Health.
