Pieces Technology Raises $21.6 Million Series A Round

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Dallas-based digital health startup Pieces Technologies announces that it has closed a $21.6 million Series A funding round, co-led by Pacific Advantage Capital and Jump Capital, with additional investments from Dallas Children’s Hospital, Order of Saint Francis Healthcare System, and the Parkland Center for Clinical Innovation. Pieces was incubated at the Parkland Center for Clinical Innovation, an incubator program founded by Pieces CEO Ruben Amarasingham, MD and former University of Texas Southwestern Director of Biomedical Informatics. He now runs both both Pieces and PCCI as the president and CEO of each.

Over the past three years, Amarasingham has been building a software platform that extracts data from an EHR and runs algorithms to risk stratify the patient population to identify those that are at a high risk of an adverse clinical event or readmission. The system was implemented at Texas Health Harris Methodist Hospital in 2013. During a 2015 health IT policy committee workgroup on advanced healthcare models, Amarasingham explained that “by applying predictive analytics to accurately identify high-risk patients in real-time well before discharge from the hospital, we could accelerate targeted care pathways and interventions to help allocate scarce resources and thus reduce readmissions.” A BMJ study evaluating the company’s technology found readmission rates among high-risk heart failure patients dropped from 26.2 percent to 21.2 percent after the software was implemented.

Amarasingham relies on technology to identify high-risk populations, but then quickly turns to local community outreach organizations to help address the social and economic factors that keep many of the patients in high-risk groups. Coordinating care between medical and non-medical organizations to ensure that patients have a nutritional diet, reliable transportation, and all other resources they need to effectively manage their conditions.


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