Healthcare Data Analytics Company Socially Determined announced a partnership with data sharing technology startup DataVant to provide life science companies with data on social risk drivers to improve health equity and patient outcomes.
The Washington DC-based Socially Determined Society uses data to provide insight into the social determinants of health, including factors such as access to food, housing and transportation. The company’s SocialScape platform provides public and commercial data that helps companies visualize the potential social factors behind patient and population health.
California-based Datavent A datasharing technology startup for providers and life science companies that facilitates secure health data exchange across its data ecosystem.
“The COVID-19 pandemic exposed significant social inequities that affect health outcomes. To fix these disparities, we must first understand the social risk factors that cause disease burden on specific populations as well as access to treatment. Precise correlation of social exposure data with health data is essential to deriving those insights, and we are proud to enable the Socially Determined Platform to shed additional light on these important questions,” said Bob Borek, Life Sciences, President and General Manager of Ecosystem and Public Sector Businesses at Datavant said in a statement.
In 2020, Socially Determined announced it’s scoring $11.1 million in Series A funding and a $26 million Series B funding round closed in June last year.
Acquired Datavant In 2018 Universal Patient Key, a provider of HIPAA-compliant de-identification service for healthcare data, completed a $40.5 million funding round.
In 2020, Datavant won $40 million in Series B funding, bringing the company’s total raised to $83 million. In 2021, the company merged with healthcare data-management solutions Sioux Health.
Last year Datavant bought Convenet, a UK-based health technology infrastructure company, and Graphite Health, a software company backed by Intermountain Healthcare, Presbyterian Healthcare Services, SSM Health and Kaiser Permanente.
Broad Institute of MIT and HarvardWhich focuses on genomic research, has also partnered with DataVant to scale up clinico-genomic registries for rare and common diseases.