DURHAM – Pattern Health, a company that accelerates digital health innovation, has received $1.5 million in new funding from investors Cofounders Capital and The Launch Place.
Founded in 2016, the company initially focused on patient compliance in cardio and orthopedics treatments, but use cases for its platform have expanded with the increasing demand for digital health programs.
In an interview with WRAL TechWire, Pattern Health CEO and co-founder Ed Barber said, “The COVID-19 pandemic made everyone on all sides more comfortable with remote care. It has been a catalyst for digital health adoption by both providers and consumers. It’s a transition underway for some time, but the pandemic accelerated it. We’ve gone through what might have taken five years in one.”
Barber said, “At the core of everything we do is the mission to increase the pace of innovation in health care. Some researchers spend their whole lives solving a single problem. Do that faster and it can have a big impact.”
The company works with 11 of the top 20 National Institute of Health funded medical research centers and five of the top 10 pharmaceutical companies.
Barber previously told WRAL TechWire that the motivation behind Pattern Health stems from his own experience with type 1 diabetes, a condition he was diagnosed with when he was five years old. It was through this experience that Barber says he gathered insight on how patients communicate, and how providers can better engage them in the process of treatment.
In the current interview, Barber outlined how the platform is now being used in a wide range of cases, such as researching new approaches for at-home testing for COVID-19, developing advanced algorithms to help identify patients who may be at higher risk for negative outcomes, and serving and protecting patients by delivering care and monitoring them remotely. improving access while reducing the risk of disease spread.
Pattern Health’s no-code platform enables researchers and clinicians to create and deploy condition-specific digital health programs economically, collect data more rapidly, and generate evidence.
When appropriate, it helps translate programs into real-world, highly scalable solutions. The configurable platform supports a wide range of behavioral science-designed digital interventions that help to improve motivation and adherence, is HIPAA compliant and HITRUST certified.
In addition to the Pattern Health platform, the company also offers a marketplace to support the full life cycle of a digital health program. Customers using Pattern Health to research and develop new programs own the IP developed on the platform.
As research is validated, our marketplace solution streamlines the process of translating the IP into highly scalable real-world solutions that can be licensed for use by third parties under an app-store like revenue-share model. “It’s a simple solution like the app store,” said Barber.
The new capital will be invested in platform and product development, expanded integrations and interoperability, and in sales and marketing efforts designed to meet the increasing demand for digital health programs and support growth, the company said.
The 15 employee company anticipates making several new hires this year in various positions across the company. Barber added that he expects to continue adding partnerships and programs going forward.