Topics
recent
AI
Amazon
Image Credits:Eli Ben-Joseph / Regard
Apps
Biotech & Health
mood
Image Credits:Eli Ben-Joseph / Regard
Cloud Computing
Commerce
Crypto
endeavor
EVs
Fintech
fund raise
appliance
Gaming
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
societal
quad
Startups
TikTok
shipping
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
picture
Partner Content
TechCrunch Brand Studio
Crunchboard
get through Us
hoi polloi in technical school often say that data is the new oil . That phrase , coined by British mathematician Clive Humby , of course entail that datum is valuable .
datum about a person ’s wellness can also provide meaningful insights and better outcomes , but only 3 % of patient data is presently used by physician , according to theWorld Economic Forum . Although Dr. love they can glean useful data from patient data point , they do n’t have the meter to review every detail in the aesculapian platter .
Regard , a digital health startup founded in 2017 , wants to help physicians save time and increase the accuracy of diagnosis by psychoanalyse patient ’ wellness data using AI .
Regard announced on Thursday that it raised a $ 61 million Series B turn led by Oak HC / FT , with participation from Cedars - Sinai Health Ventures and existing investors TenOneTen , Calibrate Ventures and Techstars . The company is now valued at $ 350 million , according to a person conversant with the topic .
The company ’s computer software mines M of datum points in a medical chart and acquaint data in a way that take into account doctors to discover health conditions more easily .
“ Doctor habituate our product because we help them verify that nothing important is omit in the information , ” Eli Ben - Joseph , Regard ’s co - founding father and CEO , told TechCrunch . “ Every single Dr. we work with has a story about : ‘ I used your mathematical product and I found something that changed the way I address this patient ’ . ”
Ben - Joseph said that Regard has helped one general physician apprehension atrial fibrillation ( unorthodox heartbeat ) that the cardiologist did not remark . “ She now feels it ’s irresponsible not to utilise our product , ” he state .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
But doctors are not the only single who find Regard worthful . Hospital fiscal administrator are also big fans , consort to Ben - Joseph . Regard ’s power to identify raw conditions creates new billing opportunities for aesculapian systems .
The company grew its revenue by 4.5 times in 2023 and is on a way of life to do a “ similar amount of growth this year , ” Ben - Joseph said . The company expects to reach gainfulness within the next two years .
Such debauched growth has investor excited .
“ We absolutely fell in love with [ Regard ] because it has a direct wallop on MD productivity , burnout , right gull and clinical outcomes , ” said Nancy Brown , general partner at Oak HC / FT .
Brown , who has over 30 years of experience as an operator and investor in healthcare technology , has always dreamt that a computer would allow for insight from patient info . “ That dream has been frustrate [ over the years ] by the lack of tech , ” she said . That ’s why when she met Ben - Joseph at a healthcare conference sooner this year , she immediately recognized that Regard is the engineering she has been stargaze about .
Since launching its product in 2021 , Regard has sign up up a number of large health care arrangement , including Banner Health ( one of Arizona ’s big wellness providers ) , Virginia - based Sentara Healthcare , New York ’s Montefiore Medical Center and Cedars - Sinai Medical Center in Los Angeles . Some detail of its latest funding round werepreviously reportedby Business Insider .
The party ’s competitors includeEngage One , a product developed by multinational pudding stone 3 molar concentration , and startupPieces , according to Ben - Joseph .
Brown has no dubiousness that Regard is the leader in the space . “ They are a beautiful scaling company with keen leeway , and they are delivering a solid ROI for their guest , ” Brown said .
