The investment will fund accelerated commercial growth, client support resources, and product expansion.
Tempe, AZ (August 29, 2023) – TruLite Health, the leader in health equity solutions, announces the close of a $7 million Series A financing round to fund the commercial growth of the organization. The financing was led by Osage Venture Partners with participation by Ensemble Innovation Ventures, Xcellerant Ventures, and several existing seed investors.
TruLite Health recently entered the commercial market with the Truity™ platform which uniquely focuses on clinical bias and provides multi-level interventions at the point of care within an integrated workflow solution. Significant early interest accelerated the need to build out the sales, support, and services staff to meet the growing demand.
“Systemic clinical bias must be addressed if we are to provide equitable care and improve outcomes, quality, and cost,” said Alan Roga MD, CEO and Co-founder. “We are excited by the positive industry-wide reception for our solution and to partner with leading healthcare organizations in addressing systemic clinical bias as a necessary complement to existing Social Determinants of Health (SDoH) initiatives.”
The Truity platform is powered by the world’s largest curated health equity knowledge base. Seamless within the EMR workflow, the system matches a patient’s health record and associated social data sets with the Truity knowledge base to provide personalized information and recommendations for clinicians and care teams to consider for diverse patients. The opportunity to provide equitable care at the point of care is a missing element in most organization’s health equity strategies.
“The team at TruLite Health is providing a novel and critically important solution to address health equity. Their unique and compelling approach to remediating clinical bias at the point of care can dramatically improve outcomes for diverse patient populations and is deeply aligned with our interest in investing in the futures of work and education,” said Robert Adelson, Osage Venture Partners, Managing Director. “We are excited to support such an exceptional team, which brings deep domain expertise and a successful track record having previously built one of the largest Telehealth companies in the market.”
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About TruLite Health
TruLite Health offers the industry’s first comprehensive health equity platform committed to breaking the chain of systemic inequity in healthcare and rebuilding patient trust. Truity™, our enterprise solution, brings together a proprietary clinical knowledge base of health equity insights and recommendations with patient-specific clinical and social data sets, enabling care teams to offer actionable clinical, social, and behavioral interventions at the point of care for diverse populations.
TruLite’s unique health equity platform supports health systems, payers, and large employers to take swift action by closing health equity care gaps resulting in better patient outcomes, improved provider performance, and lower overall cost of care.
About Osage Venture Partners
Osage Venture Partners (OVP) is a leading venture capital firm located just outside Philadelphia, PA. For nearly two decades, OVP has partnered with exceptional entrepreneurs building the next generation of leading early-stage, B2B software companies. OVP applies a deep understanding of how to drive success in B2B software with a focus on companies innovating in the Future of Work and the Future of Education.
For more information, visit osageventurepartners.com.
