Banner Health, Cleveland Clinic invest millions in analytics startup: 7 notes

Becker's Healthcare December 12, 2024
Giles Bruce

Phoenix-based Banner Health and Cleveland Clinic are investing in a startup that uses data analytics to stratify and predict financial and other risks for health systems.

Here are seven things to know:

1. Banner Health led the $10 million series A financing round Dec. 12 for risk management startup 1m.

2. The funding also included Cleveland Clinic, Palo Alto, Calif.-based Stanford Health Care, Bend, Ore.-based St. Charles Health System, and Urbana, Ill.-based Carle Foundation.

3. The health systems are already using the platform, which maps out risk based on measures such as government regulations, cybersecurity, workforce issues, revenue cycle challenges, and competition from traditional and nontraditional players alike. Health systems can, say, plug in policy proposals from the incoming presidential...

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