Chamber Cardio, a population health platform helping cardiology teams shift to value-based care, has secured $8 million in a seed funding round led by General Catalyst.
Existing investor AlleyCorp participated in the round, as did Company Ventures, American Family Ventures and CityLight.
“As we started to contract with providers throughout the country, we saw they are ready for value-based care,” George Aloth, CEO and cofounder of Chamber Cardio, told MobiHealthNews. “They don’t fully understand it. They haven’t had much exposure to it if any at all, but they’re ready for the shift.”
The company’s platform gives cardiologists insight into care operations, value-based care and care pathways as well as administrative support for clinical staff.
It also offers insight into payer negotiation regarding value-based care contracting, risk stratification for providers to understand their sickest patients, and admission, discharge, and transfer (ADT) feeds.
“[ADT feeds] was kind of a simple thing that we assumed a lot of providers would have,” Aloth said. “Primary care physicians generally have it, but cardiologists don’t. So they don’t know a lot of times when their patients are going to the hospital or when they’re getting discharged to perform appropriate discharge planning.”
The company will use the funds to scale its operations and reach nationwide.
“We have a network-driven approach; we build networks of cardiologists. So, what we’re looking to do is continue to build out that network of cardiologists throughout the country, continue to build out our proprietary population health technology specifically for cardiology, and build out our team,” said Aloth.
Chamber Cardio currently operates in the mid-Atlantic region, including Washington, D.C., and Virginia, and hopes to expand into three to four new geographies over the next year.
