Health tech firm League has raised US$95m to help scale up its Health OS ‘platform-as-a-service’ (Paas) product.
League, which to date has now raised US$205m, aims to build Health OS into the “leading digital infrastructure for an integrated health ecosystem”.
The product enables customers, including health insurance group Humana and e-commerce firm Shopify, to build personalised digital health applications.
The platform is built on the Fast Healthcare Interoperability Resources (FHIR) standard and leverages the Google Cloud Platform (GCP) Healthcare API.
It will harness data from electronic health records (EHRs), claims, health and wellness devices and third-party partners to deliver digital health experiences and “create a cohesive, omnichannel experience for the consumer”.
The series C funding round was led by TDM Growth Partners, with participation from Workday Ventures and existing investors.
Michael Serbinis, founder and CEO of League, said: “Time and time again, point solutions inevitably give way to platforms that accelerate innovation and time-to-market while enabling interoperability and economies of scale.
“In healthcare, League is that platform. With the support of leading platform investors, League’s PaaS offering is positioned as the de facto digital infrastructure to build comprehensive healthcare consumer experiences.
“Providers, payers, consumer health partners and employers use League’s platform to build unique and differentiated applications that transform healthcare from a patchwork of disparate point solutions to a cohesive experience that just works.”
TDM Growth Partners has prior experience of investments in platform companies including Square, Twilio and Slack.
Digital transformation in healthcare has moved at an accelerated pace in recent years as the industry works to solve siloed data and a lack of interoperability across the continuum of care.
“Consumerisation” has affected nearly every industry as consumers raise expectations for convenience and expeditious services, but healthcare has yet to fully prioritize the consumer experience, said League in a press statement.
A platform-based healthcare system would eliminate many of the silos across data systems with health networks, payers, consumer health partners and employers, encouraging a flow of information that directly improves health outcomes and overall population health, it continued.
Mark Peek, managing director and head of Workday Venture, said: “The digital transformation of the healthcare consumer experience will benefit employers by helping to ensure employees quickly get the services and support that they need.
“We continue to invest in League to support our customers in enhancing their employee experience so that their workforce feels supported in managing their health and wellbeing, which in turn helps them do their best work.”
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