See the 17-slide presentation an AI startup used to raise $15 million to improve post-hospital care
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
- Patients typically need to follow a care plan after they leave the hospital.
- But often, life gets in the way and that can cause readmissions, which drive up costs for insurers.
- Laguna Health raised $15 million to make it easier for patients to stick to their care plans.
Proper self-care at home is an important part of getting better when patients leave the hospital.
But life can get in the way, which can make it difficult to get the rest and treatment people need to recover. Sometimes, patient don’t stick to their care plans, due to factors like conflicting responsibilities and financial limitations.
Yoni Shtein, the CEO of AI-powered healthcare startup Laguna Health, said that his company is focused on identifying the barriers to proper care that patients face once they leave the hospital. His goal is to make it easier for them to stick to their post-hospitalization care plans, and avoid more medical costs down the line.
Laguna uses AI and natural language processing to analyze conversations between care managers at insurance companies and patients to figure out what might be preventing patients from sticking to their care plans. It then modifies the plan to address these issues. Shtein declined to disclose which insurers the company works with today.
The company raised a $15 million Series A round in May led by SemperVirens and HC9 Ventures.
Laguna Health removed financial details from the pitch deck it used to raise its Series A round before sharing the presentation with Insider.
This article was updated on June 20 to replace slide 10 and slide 14 with newer versions provided by the company.