Empiric Health
Latest round
- Seed
Last raised
- Feb 2017
Total raised
- Undisclosed
Investors
- 2
About Empiric Health
Empiric Health, Inc.Founded in 2017, Empiric Health, Inc. is based in Salt Lake City, US, focusing on AI-powered clinical analytics.00 mn from Intermountain Healthcare, Inc.Empiric Health primarily provides AI-powered clinical analytics solutions aimed at identifying unwarranted clinical variation, enhancing patient outcomes, and increasing the affordability of surgical procedures. Their core product, the Empiric Analytics Suite, utilizes advanced methodologies, including Natural Language Processing (NLP) and machine learning, to create over 360 active cohorts based on detailed surgical data from more than 40,000 algorithms. This suite allows healthcare organizations to standardize surgical techniques, optimize doctor preference cards, and drive evidence-based care delivery while engaging physicians in the process. Targeted primarily at hospitals and healthcare systems, Empiric Health's services are utilized across the United States, focusing on improving operational efficiency and reducing costs in surgical care delivery.Empiric Health generates revenue through a business-to-business (B2B) transaction model, where healthcare institutions subscribe to their analytics services. The company's revenue structure is comprised of service contracts and subscription-based pricing aligned with the implementation of their Empiric Analytics Suite, which is tailored to meet the specific needs of its clients. These agreements typically encompass ongoing support and training to ensure effective use of the analytics tools, driving physician engagement and operational improvements. The company’s flagship offerings, which include unique cohort analytics and operational efficiency solutions, contribute to a value-driven pricing model that emphasizes cost savings and quality enhancements for healthcare providers.In April 2021, Empiric Health, Inc., a move aimed at expanding Olive's capabilities across the supply chain and clinical analysis. Future growth plans may include the development of new products leveraging AI technologies and plans for geographic expansion, although specific markets and timelines have not been disclosed.
Who invested in Empiric Health
2 investors across 1 round
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Funding rounds
Seed
Feb 17, 2017
Amount
Undisclosed
Investors
Questions about Empiric Health
Who invested in Empiric Health?
Empiric Health has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Empiric Health raised?
Empiric Health has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Empiric Health last raise money?
Empiric Health's most recent round on record is a Seed, in Feb 2017.
What does Empiric Health do?
Empiric Health is a healthcare it company.
Where is Empiric Health headquartered?
Empiric Health is headquartered in Salt Lake City, US.
Which VCs invest in companies like Empiric Health?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back healthcare it companies at Empiric Health's stage. Their profiles are linked below.
VCs backing healthcare it startups at Seed
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