Olio Health Raises $13M Series A From Mutual Capital Partners and Fulcrum Equity Partners
Mutual Capital Partners is pleased to announce a $13M Series A growth investment into Olio Health ("Olio"), a workflow and collaboration platform for the post-acute care and population health industry with participation from Fulcrum Equity Partners. Olio's platform provides real-time communication, collaboration, and cost savings to risk-bearing entities and PAC providers. This funding round will be used to further accelerate Olio’s rapid growth through product development and key hires across multiple departments.
“The current communication and discharge process is manual, error-prone, and not scalable. Health systems lack insight into their patients’ conditions post-discharge, increasing readmission rates and length of stay,” said Fulcrum Partner Philip Lewis “When the entire care management team has real-time patient status throughout the post-acute footprint, providers can drive performance in value-based care arrangements.”
Population health and utilization teams can create high volume engagement with their entire post-acute ecosystem, which leads to significant operational and cost of care savings. Olio’s software supports value-based care payers and providers and all levels of post-acute care (SNF, IRF, Home Health, Hospice, LTCH).
“Fulcrum and MCP bring an incredible amount of healthcare technology expertise which will support improved customer support, new product development, and rapid market expansion,” stated Ben Forrest, Olio CEO.
“The heightened demand for value-based care solutions and the need for data and analytics to drive cost savings is a driver for accelerated adoption of healthcare technologies, such as Olio. We are excited about partnering with Ben and his team to improve patient outcomes, reduce healthcare costs, and decrease readmission rates and length of stay,” says Bill Trainor, Partner at MCP.
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