Luma Health raises $ 130 million in Series C funding to unify, automate, and transform the patient’s healthcare journey
Luma Health is well on its way to connecting nearly a quarter of Americans with care by 2022
“The word of Luma Health has got around in the close-knit workplace health care community,” said Luma Health Adnan Iqbal, Co-Founder and CEO of Luma Health. “With this investment, we will continue to meet the needs of leading healthcare systems across the country and deliver on our promise to our customers: help transform the complexities of healthcare into convenient, seamless experiences for their patients.”
Luma Health is the most comprehensive platform available for standardizing and automating patient care. It is currently used by more than 550 health systems, hospitals, federally qualified health centers (FQHCs) and clinic networks across the country. The platform integrates with more than 80 electronic health records (EHRs) and leading providers across the healthcare IT stack to centralize and automate patient scheduling and communication. Luma Health customers use its 25+ ready-to-use, customizable solutions and scalable integration platform to create tailored patient experiences.
“Partnering with Luma Health was the only choice for FTV,” said Alex Mason, Partner at FTV Capital. “As heavily sector-focused investors with years of experience in healthcare technology, we have put a significant effort into evaluating the entire patient landscape in order to find a solution that will truly unify the patient journey from fragmented and disjointed to unified, and the top notch feedback we receive from Luma Health customers heard about it, and the depth and breadth of the platform and vision made it clear that Luma Health is the future of patient engagement. “
Luma Health has enabled digital transformation initiatives to meet new patient expectations in health systems across the country including Montefiore Medical Center, Cook County Health, Banner Health, and the Franciscan Alliance, as well as leading FQHCs including CommuniCare Health Centers and Sun River Health. A number of successful initiatives have included rapidly running mass vaccination campaigns against COVID-19 that benefited two million patients.
Luma Health’s customers and industry partners, which include the academic medical center-focused Patient Access Collaborative, numerous government primary care institutions, and community health partners such as Azara Healthcare, partner with Luma Health for its extensive technology, open platform and capabilities to create seamless patient experiences together with customers:
- Jeff Johnson, VP of Innovation and Digital Business at Banner Health: “Luma Health delivers. You are a special partner of Banner – we evaluated over 100 potential partners and selected Luma because they have the most comprehensive platform that offers unique integration opportunities with Cerner. We rely heavily on the exceptional team members at Luma to provide us with the support we need to drive our digital transformation forward. We believe they are the future.
- Adam Weber, Executive Director of Operations and Support Services at Cook County Health: “Luma Health is our platform for managing patient scheduling and communications at scale,” said Weber. “Caring for over five million patients across the Chicagoland area means we need a partner who can handle anything that comes in our way. Luma Health always delivers – regardless of whether it is a deep planning integration in Cerner, scalable vaccine operations, patient contact or flexible messaging functions. Luma Health enables us to meet patients where they are, provide care, and increase patient satisfaction at Cook County Health. ”
- Greg Hyzak, VP of Information Systems and CIO of the Kelsey-Seybold Clinic: “We see the Luma Health platform as the core operating system that Kelsey-Seybold can use to achieve our key strategic goals,” said Hyzak. “The unique bi-directional integration with Epic is unmatched in the market and the speed of execution and innovation of new skills is what we look for in a strategic partner.”
Driven by this funding, Luma Health will continue to develop its platform to meet the digital transformation needs of corporate health systems, hospitals, FQHCs and clinic networks, while remaining true to its mission to provide equitable access to care for patients across the country.
About Luma Health
Luma Health was founded on the idea that health care should work better for all patients. Every single point in the care journey should be simple, seamless, and effective, from accessing care to achieving health goals. Luma Health enables providers to make this happen through its digital health solutions, which are designed to improve access, streamline communication between patients and providers, and increase revenue. Headquarters in San Francisco, Luma Health’s Total Patient Engagement Platform ™ is accelerating healthcare digital transformation by delivering digital healthcare solutions that drive patient engagement and continuous care, empowering thousands of providers and more than 30 million patients worldwide The United States today. Further information about the company can be found at https://www.lumahealth.io/, https://blog.lumahealth.io/, https://www.linkedin.com/company/lumahealth/, https: // www. facebook.com/lumahealth and https://twitter.com/lumahealthhq.
About FTV Capital
FTV Capital is a growth stock company that almost $ 4 billion Invest in high-growth companies that offer a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing. FTV’s seasoned team uses their expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also gives companies access to its Global Partner Network®, a group of world leaders and executives who have supported FTV portfolio companies for two decades. FTV Capital was founded in 1998 and has invested in more than 125 portfolio companies, including 6 Degrees Health, Docupace, Derivative Path, EBANX, LoanPro and Vagaro, and successfully exited / partially exited companies such as Enfusion, InvestCloud (recapitalized), Strata Fund Solutions (acquired from Old domus), Sunlight Financial, VPay (acquired by Optum) and WorldFirst (acquired by Ant Financial). FTV has offices in San Francisco, new York and Connecticut. More information is available at www.ftvcapital.com.
Jennifer Mirabile on behalf of Luma Health
Alexa Ottenstein on behalf of FTV Capital
SOURCE Luma Health