Diana Health, a healthcare provider redesigning maternity and women’s health in partnership with leading health systems, has announced the closing of a $11M Series A.and a collaboration with TriStar StoneCrest Medical Center, part of HCA Healthcare, one of the largest hospital systems in the U.S. The funding, co-led by LRVHealth and .406 Ventures, with participation from existing investor AlleyCorp, will be used to launch Diana Health’s first locations in 2022, expand the company’s technology platform and position it for rapid growth in 2023 and beyond.
Diana Health works directly with hospital leadership to reimagine their women’s health programs by bringing together a tech-enabled, individualized care experience with a clinical redesign of labor and delivery. Using its evidence-based care model, Diana Health works with health systems to enhance the care experience for both patients and clinicians while improving outcomes and controlling costs. The company will open its first physical location and launch its first end-to-end maternal care program with TriStar StoneCrest in Smyrna, TN in the coming weeks.
“The care we receive as women, particularly during pregnancy and birth, has the potential to impact population health across generations while building lifelong connections between a family and their healthcare provider,” said Kate Condliffe, Co-Founder and CEO of Diana Health. “Traditional care models can make it challenging for providers to embrace this opportunity. That’s why we are completely restructuring care programs to provide engaging, whole health support that will drive meaningful change in the lives of women and families.”
There is a growing movement in the United States to improve maternal health. Pregnancy related death has more than doubled over the past 25 years and more women die from childbirth in the US than in any other developed country. Sixty thousand women annually experience severe complications during pregnancy and birth that, according to the US Centers for Disease Control, “result in significant short- or long-term consequences to a woman’s health.” And to compound these challenges, the United States is experiencing a severe OB/GYN shortage, which The American College of Obstetrics and Gynecology (ACOG) predicts will leave the U.S. short 22,000 OB/GYNs by 2050.
Diana Health helps health systems transform their care programs and build trusting relationships with women and families using integrated care teams, an engaging digital platform and an evidence-based and patient-centered care program. This gives an advantage to systems who are looking for comprehensive prenatal and postpartum care solutions that are good for women and good for providers.
Louis Caputo, the Chief Executive Officer of TriStar StoneCrest, said, “Diana Health’s unique program offers operational assistance through their dedicated specialists for labor and delivery. By working together to support our maternity colleagues and our patients, we enhance outcomes for both mother and baby, offer more personalized delivery options and provide healthier tomorrows to every mother and baby. Diana Health does this through a new model of care that elevates quality and helps us to become the destination for women looking for a modern, individualized care experience in our community.”
“We have been looking for an elegant solution in the women’s health space for over seven years,” said Payal Divakaran, Partner at .406 Ventures. “What excites us about Diana Health is that not only will their care model dramatically improve outcomes and fill gaps in the patient experience, but also that their end-to-end approach is the first win-win solution for patients, providers, health systems and payers alike. They are well-positioned to rapidly scale and to set a new standard of care for maternity care.”
“The status quo for maternal care in the U.S. needs to change and the way care is delivered needs to be reinvented,” said Ellen Herlacher, Principal at LRVHealth. “Kate and her team have conceived a formula that will drive much needed change and positive impact on women’s health. Diana Health’s care model design, delivered through partnerships with leading health systems, is thoughtful, effective, and appealing to healthcare consumers.”
Condliffe said, “At Diana Health, we are setting a new standard of care for women’s health – one that inspires, supports, and empowers all women to live healthier, more fulfilling lives. We are thrilled to be working with some of the country’s leading health system executives and healthcare investors to bring this vision to life.”