AI powered Care co-ordination solutions, CareHarmony secured $15M in Series A funding

CareHarmony, a Nashville-based provider of Artificial Intelligence powered care co-ordination solutions, has now secured $15 million in a Series A funding round.

CareHarmony was founded by Gokul Mohan. It offers management solutions for chronic disease management. By combining innovations in machine learning with the 24/7 clinical extension, the company is able to provide complete virtual care solutions to reduce costs for hospitals, accountable care organizations and provider groups.

CareHarmony’s CareBlocks technology provides a human-driven, AI-powered approach that enables care teams to personalize patient journeys at scale.

Gokul Mohan, Co-Founder and CEO of CareHarmony, said, "This round of financing is a validation of CareHarmony’s vision to redefine what is possible in virtual care. As we continue to scale, this capital will help us deliver on our commitment to bring efficient, impactful, and measurable virtual care to every patient. The days of rationing care coordination to the top 1-2% most complex patients will soon be a thing of the past."

Prateesh Maheshwari, Managing Director at Maverick Ventures, who joined the CareHarmony board as part of this investment, said, "Care coordination has historically been a pure services effort from health systems and payors. CareHarmony’s CareBlocks™ technology simultaneously provides leverage to care coordinators and personalizes patient journeys—resulting in better, more efficient care for the patient. We’re excited to partner with CareHarmony as they continue to transform care coordination."

The round was backed by Maverick Ventures, with participation from Nashville Capital Network.

Post funding, Prateesh Maheshwari, the Managing Director at maverick Ventures, will now be joining the CareHarmony board team.

The AI startup, as of now, has plans to use the new funds for continued growth, serving hospitals and health systems via its care platform.