Praia Health is a digital health company launched as a spin-off from Providence, a large not-for-profit Catholic healthcare system based in the United States. The company specializes in providing an identity-driven personalization platform for health systems, enhancing the delivery of individualized health solutions. Praia Health was founded by Justin Dearborn in collaboration with Providence's Digital Innovation Group and is based in Renton, Washington. As of 2024, Praia Health secured $20 million in Series A funding from investors including Frist Cressey Ventures, SignalFire, Epsilon Health Investors, and Providence Ventures.
| Attribute | Information |
|---|---|
| Founding Date | April 2024 |
| Headquarters | Renton, Washington, USA |
| Founders | Justin Dearborn |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Frist Cressey Ventures, SignalFire, Epsilon Health Investors, Providence Ventures |
| Industry | Digital Health |
| Number of Employees | Not publicly disclosed |
Praia Health was initially conceptualized and developed within the Providence Digital Innovation Group, a well-regarded incubator for digital health technologies. The idea was to create a platform that leverages the increasing adoption of virtual care and telehealth. By focusing on integrating both clinical and consumer health data, Praia Health aimed to facilitate a seamless user experience across healthcare journeys. Before its official establishment as a separate entity, Praia Health serviced over three million users and engaged multiple health systems as initial partners. The company originated from a need to better coordinate healthcare experiences and offer integrated solutions for patient engagement across all digital platforms.
Praia Health operates using a platform-as-a-service (PaaS) model that is designed to cater specifically to health systems looking to enhance patient engagement through technological innovation. Key achievements include:
Currently, Praia Health maintains a strategic focus on expanding its consumer platform to various health systems across the United States. The company leverages its advanced technology to improve patient interaction by seamlessly integrating extensive data systems and third-party solutions into unified digital health experiences. Praia Health's market position is strengthened by its strong ties with Providence and its transformative approach to utilizing digital health solutions. Its partnership with high-profile entities like CLEAR demonstrates a proactive stance in enhancing user security and personalization. Praia Health continues to secure new partnerships and contracts within the healthcare industry, proving its competitive edge and innovative capability.
Praia Health has rapidly established itself as a key player in the digital health industry with the promise of transforming patient experience and system integrations. Its focus on personalized and tech-enabled engagement aligns with rising consumer expectations in healthcare. As it continues to expand its influence beyond Providence, Praia Health is set to play a significant role in the ongoing evolution of digital health solutions, promising innovative and scalable systems that cater to the dynamic needs of healthcare providers and patients alike. With a foundation built on robust technology and strategic partnerships, Praia Health's trajectory appears promising as it seeks to augment health system efficiencies and foster enhanced patient experiences.