Medicine & Health

Ribbon Health brings in nearly $44 million in funding

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Ribbon Health, a startup that allows healthcare companies to build workflows around its provider data platform, has raised $43.5 million in new financing, according to a news release Tuesday.

General Catalyst led the Series B funding round, with additional investments from Andreessen Horowitz, BoxGroup, Rock Health and Sachin Jain. Ribbon Health has raised $55 million since its founding in 2016. The company will use the new money to hire more staff and invest in technology improvements.

Ribbon Health supplies real-time, up-to-date information about clinicians.

“While consumers can easily find the address for a local restaurant, the same can’t be said for patients who are looking for a phone number to make an appointment for a critical MRI or to confirm they are seeing a clinician who is in-network and of high-quality, so there are no unexpected costs associated with their care visit,” Nate Maslak, CEO and co-founder at Ribbon Health, said in a news release. “This doctor data problem harms patients as it often leads to people delaying care, opting out of treatments, or dealing with unnecessary and burdensome financial impact.”

Oak Street Health,┬áDecent, Firefly Health, and PacificSource are among Ribbon Health’s customers.

General Catalyst was the most active venture capital investor in digital health during the third quarter of the year, taking part in nine deals, according to data from Digital Health Business & Technology.

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