Digital health software developer Self Care Catalysts raised $1.8 million ($2 million Canadian) in a round led by Prosoft Development. The company has raised $2.4 million ($2.7 million Canadian) to date.
Self Care Catalysts launched as a patient research company but have since pivoted to focus on healthcare informatics.
The company offers two products, Health Storylines and Patient Storylines. Health Storylines is a mobile and web-based service that helps patients connect to their caregivers, providers, family members and friends. The service prompts users to share their health stories. While the patient's circle of care can stay connected with the patient through Health Storylines, the stories are also used as a research tool to analyze the patient's sentiment, engagement, behavior, and outcomes.
Patient Storylines is the behavior analytics platform that analyzes data from Health Storylines. It uses the patient's data to help customers understand the patient's disease category, patient profile, behavior, medication adherence, and patient support needs. Some insights the program provides include isolation of key influencers for the patient's behavior and understanding of reasons behind a patient's decision making.
“Self care and patient advocacy are two of the most important trends in healthcare and healthcare informatics today,” Self Care Catalysts CEO Grace Soyao said in a statement. “They can play a critical role [to drive] down healthcare costs, facilitate better treatments and drug therapies, accelerate care in clinical settings, drive drug development, open market access, and reduce re-admission rates.”
The company said they are currently providing their services to pharmaceutical companies, research foundations, and patient advocacy organizations.
