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par8o.com

Founded Year

2011

Stage

Acquired | Acquired

Total Raised

$13.5M

About Par8o

par8o is a venture-backed, EMR-agnostic platform that creates a common point for coordinating care delivery and plan design, a technology that connects providers, payers, and patients. The par8o platform acts as a cloud-based healthcare operating system enabling all parties to improve care and optimize towards several clinical and business goals in parallel rather than to the detriment of one another. par8o helps clients succeed by applying pareto optimization, a powerful economic principle that succeeds because it is well suited to the complex, multi-constituency nature of healthcare. Simply put, par8o helps organizations match the right patient to the right resource at the right time. It is based in Newton Center, Massachusetts.On December 15th, 2021, Par8o was acquired by Cloudmed. The terms of the transaction were not disclosed.

Par8o Headquarter Location

1340 Centre Street Suite 202

Newton Center, Massachusetts, 02459,

United States

855-377-2786

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Expert Collections containing Par8o

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Par8o is included in 3 Expert Collections, including Value-Based Care & Population Health.

V

Value-Based Care & Population Health

860 items

The VBC & Population Health collection includes companies that enable and deliver care models that address the health needs for defining populations along the continuum of care, including in the community setting, through participation, engagement, and targeted interventions.

H

Health IT

2,608 items

Companies partnering with healthcare stakeholders to improve operational efficiency across payment, supply chain, data mgmt, and more.

D

Digital Health

12,795 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

Par8o Patents

Par8o has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/3/2013

7/28/2015

Grant

Application Date

1/3/2013

Grant Date

7/28/2015

Title

Related Topics

Status

Grant

Latest Par8o News

Cloudmed Acquires par8o, Advances 340B Discovery Capabilities for Healthcare Providers

Dec 15, 2021

This acquisition extends Cloudmed’s 340B Discovery solution and elevates the CloudmedAI technology platform to deliver more value across the revenue cycle. December 15, 2021 10:40 AM Eastern Standard Time ATLANTA--( BUSINESS WIRE )--Revenue Intelligence™ leader Cloudmed has acquired par8o, an innovative healthcare technology company specializing in 340B and patient referral management technology for healthcare providers. This acquisition advances the capabilities of Cloudmed’s 340B Discovery Services and elevates its CloudmedAI™ platform with par8o’s sophisticated machine learning technology. This is the latest in a series of Cloudmed investments in scalable, advanced technology solutions that help healthcare providers recover more revenue and reimbursement across the entire revenue cycle. “Cloudmed can now immediately find value for healthcare providers searching for savings in their 340B program by looking at all prescriptions, including referrals among community-based providers,” said Steve Albert, Chief Product Officer for Cloudmed. “Investments like this in machine learning and automation for our CloudmedAI platform give us greater opportunities to apply our expertise at scale for all of our customers.” “Through seamless integrations with clients and across multiple EMRs, pharmacies and specialists, par8o uses proprietary machine learning technology to automate processes that find connections between patients and referrals,” said Dr. Daniel Palestrant, Chief Executive Officer of par8o. “That enables us to efficiently drive meaningful cost savings on their behalf with digitally verifiable compliance trails. We’re excited to find more value across more clients as part of the Cloudmed team.” About Cloudmed Cloudmed partners with over 3,100 healthcare providers in the United States and recovers over $1.5 billion of underpaid or unidentified revenue for its clients annually. We are unique in our ability to utilize industry-leading expertise and the powerful CloudmedAI™ Platform to help providers boost productivity and increase revenue. Cloudmed was awarded 2021 Best In KLAS: Revenue Integrity/Underpayment Services and Robotic Process Automation. Its solution suites have HFMA Peer Review status and are HITRUST certified. For more information, visit www.cloudmed.com . About par8o par8o was founded in 2011 to improve healthcare access, reduce costs, and achieve health equity through better patient referrals. CareCompass, the company's proprietary referral management solution, covers over 11.2M patient lives and has processed over 4.4M referrals at more than 705,000 offices. 340B Referral Capture, its flagship offering, captures prescriptions from referrals for 340B savings. The health IT company's newest product, par8o Research Network, matches health center patients with relevant, nearby clinical trials to increase diversity in clinical research. For more information, see www.par8o.com . Contacts

Par8o Web Traffic

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Page Views per User (PVPU)
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Par8o Rank

  • When was Par8o founded?

    Par8o was founded in 2011.

  • Where is Par8o's headquarters?

    Par8o's headquarters is located at 1340 Centre Street, Newton Center.

  • What is Par8o's latest funding round?

    Par8o's latest funding round is Acquired.

  • How much did Par8o raise?

    Par8o raised a total of $13.5M.

  • Who are the investors of Par8o?

    Investors of Par8o include Cloudmed, UnitedHealth Group, Atlas Venture, Founder Collective, CHV Capital and 3 more.

  • Who are Par8o's competitors?

    Competitors of Par8o include Referwell.

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