Washington, DC healthtech startup Socially Determined raises over $7.3M Series A to measure the impact of the social determinants of health and improve care
Socially Determined, a healthcare analytics company focused entirely on the science and measurement of the social determinants of health (SDOH), has raised over $7.3 million in Series A funding to further develop and scale its secure, cloud-based SocialScapeTM platform, invest in top talent, and build out sector-specific sales and marketing programs. Backers include Ziegler Link-Age Funds, ProMedica, 3M, OSF HealthCare, and LRVHealth.
Founded in 2017 by Ryan Bosch, MD, and Anthony Beverina, along with Trenor Williams, the Washington, DC-based Socially Determined provides a service enabled technology platform that aggregates the social determinants of health with clinical data to drive insight and improve care. The company employs a team of 23 with expertise in analytics, data science, innovation, and healthcare delivery. Socially Determined is headquartered in Washington, DC and operates a second office in Blacksburg, VA.
Its SocialScapeTM, the company’s flagship analytics product, quantifies SDOH risk and delivers unprecedented insights into how SDOH impact cost, utilization, and outcomes. Using advanced analytics, proprietary algorithms, and machine learning models, Socially Determined offers a comprehensive approach to uncover SDOH risk and change the way healthcare organizations address critical social issues.
“Our technology integrates clinical disease burden, utilization patterns, social risk and demographic data—and creates a business case for a health outcomes program,” stated Trenor Williams, MD, CEO and co-founder of Socially Determined. “Addressing issues like food insecurity and housing instability not only positively impacts the lives of individuals, but it provides a real cost-savings to health systems, plans, and business stakeholders.”
“Socially Determined is on track to become a lead provider of SDOH analytics in the industry,” added Neil Borg, Senior Managing Director at Ziegler and Chief Strategy Officer of the Ziegler Link-Age Funds. “There is massive market interest across multiple sectors in healthcare and we are proud to lead the investment round for this dynamic organization.”