Clinical Decision Support Firm Pieces Technology Secures $21.6M Series A Funding and Files for IPO

Recently, clinical decision support company Pieces Technology announced that it has raised $21.6 million in Series A financing. This round was led by Jump Capital and Pacific Advantage Capital, with participation from Children’s Health in Dallas, Order of Saint Francis Healthcare System in Peoria, PCCI, and other investors based in Dallas. The funds will be used to optimize its cloud-based health management tools.

Pieces Technology is a platform serving hospitals and healthcare systems, integrating functions such as condition monitoring, preliminary diagnosis, and learning. Its cloud-based software connects with hospital information management systems, providing a comprehensive view of patients and their healthcare needs to facilitate better health management.

“We aim to validate the identification and prevention of certain adverse medical events, such as potentially preventable deaths and hospital readmissions due to recurrent chronic conditions,” said Ruben Amarasingham, Founder and CEO of Pieces. “The solutions offered by ‘Pieces Tech’ can help reshape and optimize our healthcare delivery model, with the goal of achieving higher-quality health management for large populations.” Fred Cerise, CEO of Parkland Health and Hospital System, spoke highly of Pieces in a public address. Meanwhile, Parkland’s nonprofit research and development organization, the Center for Clinical Innovation, serves as an incubator for the platform.

“Although many companies currently claim to have solutions for healthcare in the context of a large population, over the past few years, only the team at Pieces Technology has quietly nurtured and built such a robust and powerful platform that integrates mobile healthcare and clinical service support. It is evident that they have been able to penetrate every region with high-quality and reliable services, truly fulfilling their stated mission,” added Garrett Vyganta, Partner at Jump Capital.

NarrativeDx Secures $1.1 Million in Funding to Process Natural Language and Improve Patient Outcomes

Recently, mobile health company NarrativeDx secured $1.1 million in seed funding. Kyle Robertson, Founder and CEO of NarrativeDx, stated that this financing and subsequent funds will be used to expand its sales team to drive business growth in patient journey analytics services. NarrativeDx has developed a highly adaptive tool that not only leverages analytical tools to process natural language, enriching patient content from satisfaction surveys, but more importantly, can generate real-time questions for patients based on specific contexts to improve their care journeys. The company experienced rapid growth last year and recently added two new clients: ChristianaCare Health System and Stanford Children’s Health.

Compiled by Wang Jinfan