PatientWisdom locks in $1M for real-world data collection offerings

By Dave Muoio
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PatientWisdom, a digital health company specializing in real-world data collection tools, has raised $1 million in Series A funding from new investor OCA Ventures and other existing backers. This brings the company’s total funding to $3.45 million.

The company’s software suite is comprised of three products: PatientWisdom, which collects data to improve patient experience and care delivery; ProviderWisdom, which uses data to generate staff-level insights to improve engagement and care while limiting burnout; and CommunityWisdom, which offers organizations a clearer look at the broader patient population.

“The missing link in healthcare is understanding what matters to the people involved,” Gregory Makoul, founder and CEO of PatientWisdom, said in a statement. “We are leveraging communication science to improve health and care by focusing on what matters, bringing new meaning to ‘personalized’ medicine.”

According to a statement, PatientWisdom will be using the new funding to bring the suite of tools to market by beefing up its sales capacity. In addition, the company will advance its platforms by building new analytic capabilities to better make use of the collected data.

So far, PatientWisdom’s products have been deployed among Yale New Haven Health, Froedtert & the Medical College of Wisconsin, and OSF Health, all of whom are strategic partners that have invested in the company. According to the PatientWisdom’s website, the company is also collaborating with the Healthcare Transformation Lab at Massachusetts General Hospital and the Signal Center for Health Innovation at University of Iowa Health Care.

“We have been following PatientWisdom, Inc. closely and see their scalable approach to focusing on what matters as highly overdue, unique, and valuable. We are delighted to help fuel the company’s growth,” Bob Saunders, general partner at OCA Ventures, said in a statement.