Diana Health, a US-based firm that operates a network of women's health practices, has received $34m in a Series B funding round to scale its healthcare model.
The fundraising was led by Norwest Venture Partners and also involved the participation of current investors, including .406 Ventures, LRVHealth, and AlleyCorp.
Using the new investment, which takes Diana Health’s total funding raised to $46m, the firm intends to expand its digital platform.
The company also looks to use the capital to launch its personalised care model to more US communities.
Diana Health board member Irem Rami said: “Diana Health has developed a solution that aligns interests across stakeholders, delivering value for women, payers, providers, and health systems.
“Its unique approach restructures the core healthcare delivery model, giving hospitals a competitive advantage that earns patient loyalty through better experiences and outcomes, and helps lower costs and risks attributed to inadequate care and unnecessary medical procedures.”
In this context, Diana Health highlighted the challenge of high mortality rates in the US.
The problem has been compounded with the closure of labour and delivery units at many hospitals, and a shortage of obstetricians and gynaecologists.
Diana Health offers an evidence-based care model designed to address these challenges.
The firm partners with hospital and health system leaders to reshape women's health programmes with a clinical redesign of labour and delivery.
Its model claims to provide a technology-enabled, holistic care experience for women and their families by deploying integrated care teams consisting of certified nurse midwives and OB/GYNs, as well as mental health and wellness providers.
Diana Health's approach aims to improve health outcomes by reducing rates of caesarean sections and neonatal intensive care unit admissions while addressing the operational and financial hurdles that hospitals face daily.
The firm currently operates in Tennessee in partnership with HCA TriStar StoneCrest Medical Center, HCA TriStar NorthCrest Medical Center, and Cookeville Regional Medical Center.
It plans to open three new sites in Florida over the next six months.
