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Skip to page content * The Business Journals Select a City Albany Albuquerque Atlanta Austin Baltimore Birmingham Boston Buffalo Charlotte Chicago Cincinnati Cleveland Columbus Dallas Dayton Denver Greensboro/Winston-Salem Honolulu Houston Jacksonville Kansas City Los Angeles Louisville Memphis Miami/Fort Lauderdale Milwaukee Minneapolis/St. Paul Nashville New York Orlando Philadelphia Phoenix Pittsburgh Portland Providence Raleigh/Durham Sacramento San Antonio San Francisco Seattle Silicon Valley St. Louis Tampa Bay Washington, D.C. Wichita * Sign in Sign In Existing Users Create Your FREE Account Don't have an account? Close Menu PHLINNO Subscribe Search * Where We Are American Inno AZ Inno Alabama Inno Albany Inno Atlanta Inno Austin Inno Bay Area Inno BostInno Buffalo Inno Charlotte Inno Chicago Inno Cincy Inno Cleveland Inno Colorado Inno Columbus Inno DC Inno Dayton Inno First Coast Inno Houston Inno KC Inno KY Inno Maryland Inno Memphis Inno Miami Inno Minne Inno Nashville Inno New Mexico Inno North Texas Inno Orlando Inno PHL Inno Pacific Inno Pittsburgh Inno Portland Inno Rhode Island Inno Richmond Inno Sacramento Inno San Antonio Inno Seattle Inno St. Louis Inno Tampa Bay Inno Triad Inno Triangle Inno Wichita Inno Wisconsin Inno * * Stories All Awards Fundings Inno Insights News Partner Content Profiles * Events Events Nominations * Newsletter Sign Up * Spotlight * Startups * Partner With Us Advertise with us Sponsor the Beat Contact Us Store About Us AmericanInno.com * Subscribe 1. Stories 2. Fundings PENN SPINOUT CAREALIGN RAISES $2.3M FROM INVESTORS WITH TIES TO HARVARD, PRINCETON Email Facebook LinkedIn Twitter EMAIL THIS × text × To * Please provide a valid email address. Insert commas between addresses: email1@address.com, email2@address.com. Limit 5 From * Please provide a valid email address. Please enter your email Send me a copy Send Email -------------------------------------------------------------------------------- Dr. Subha Airan-Javia is the founder of CareAlign. CareAlign By Kennedy Rose - Reporter November 30, 2021, 07:00am EST -------------------------------------------------------------------------------- University of Pennsylvania spinout CareAlign raised $2.3 million in a seed extension round. Hofmann Associates, Gaingels, and the Harvard Business School Alumni Angels Association participated in the round, along with existing investors Boston Millennia Partners' Founders Fund and local firms Tech Council Ventures, DreamIt Ventures and Front Row Fund. Two unnamed "healthcare provider organizations" that used the company's platform are also investors. CareAlign is a HIPAA compliant collaborative task management platform integrated into the electronic health record, or EHR, for clinicians and their teams. Its features include shared task lists, care plans, patient documentation and notes. The platform can upload information into the EHR that can later be printed for a paper chart. CareAlign was founded in 2014 by Dr. Subha Airan-Javia, a former associate chief medical informatics officer at Penn Medicine, and spun out of Penn in 2019. The startup has raised about $4.5 million since its founding. Airan-Javia declined to share the company’s valuation. The startup will use its new funding to hire three to five employees across sales, engineering and product development positions. The funding will also be used to improve the CareAlign platform by adding new integrations to bring all the data clinicians use into one space. “When you think about it from a clinician's perspective of having to ingest that information, imagine trying to look at 20 different credit card statements in PDFs on your computer and figure out in five minutes what you spent on food across all your credit cards. It'd be so hard,” Airan-Javia said. “But that's what we have to do for patient care.” CareAlign’s newest investors have deep roots in the Ivy League. In addition to the Harvard Business School Alumni Angels Association, fellow investor Hofmann Associates is helmed by Donald Hofmann, managing partner at Crystal Ridge Partners and former chairman of the board of trustees at Princeton Health. The new investors were brought on through local angel networks and through earlier investors’ networks, Airan-Javia said. The group was excited to join a company focusing on the administrative struggles between clinicians, rather than only focusing on physician-patient interactions, she said. “That's really one of the advantages we have, having been built from inside Penn and then launching the business,” she said. “We had time to really iterate and work on this process of, 'How do we actually help clinicians deliver care better in their workflow?' So people are seeing that value and [are] excited to be a part of the ride.” CareAlign is live in about 12 facilities, working in acute care, post-acute care, home care and ambulatory settings. Airan-Javia declined to share revenue figures. The startup is focusing its efforts on the value-based care and at-risk market, which is a form of health care reimbursement that shifts away from visit-based payments and instead ties payments for the quality of care and effectiveness of treatment. CareAlign’s platform can be used to help close communication gaps among providers between and during patient appointments, Airan-Javia said. “What we can do is provide this living, breathing, constantly evolving platform for people to work together as a team to take care of patients,” she said. Register Already a member? Sign in -------------------------------------------------------------------------------- KEEP DIGGING FORMER FINANCE EXEC LAUNCHES SECOND CAREER WITH MALVERN WELLNESS BRAND Profiles STARTUP SPOTLIGHT: UDEL-FOUNDED TASK PLATFORM TAKES ON CRAIGSLIST Profiles FORMER CITI EXECUTIVE RAISES $5M SERIES A FOR HIS BALA CYNWYD STARTUP Fundings SMART BUILDING STARTUP MICROSHARE GETS $15M FROM MARC LASRY'S VC FIRM Fundings SAINT JOE'S GRAD TO DEBUT NATURAL DYED APPAREL IN FISHTOWN NEXT YEAR Profiles RECOMMENDED -------------------------------------------------------------------------------- TECHNOLOGY BY ALBANY INNO INNO Behavioral health telemedicine startup Aptihealth raises $50M -------------------------------------------------------------------------------- TECHNOLOGY BY PHL INNO INNO Startup Spotlight: Penn Medicine spinout CareAlign aims to help health systems across the nation -------------------------------------------------------------------------------- TECHNOLOGY BY CINCY INNO INNO It's official: Cincinnati startup valued at $3.3B, plans to go public -------------------------------------------------------------------------------- TECHNOLOGY BY ALBANY INNO INNO Behavioral health telemedicine startup Aptihealth raises $50M -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- SPOTLIGHTMORE See More INNO UNDER 25: MEET 19 UP-AND-COMING FOUNDERS IN GREATER PHILADELPHIA'S STARTUP COMMUNITY See More THESE ARE THE 20 HIGHEST-VALUED STARTUPS IN GREATER PHILADELPHIA See More THE CREATORS: PHILADELPHIA SKINCARE BRAND FEATURED ON 'QUEER EYE' NOW IN WHOLE FOODS, HOTELS See More A GUIDE TO PHL INNO AND GREATER PHILADELPHIA'S ECOSYSTEM -------------------------------------------------------------------------------- UPCOMING EVENTS MORE DEC. 9 - MOST ADMIRED CEO AWARDS JAN. 13 - ECONOMIC FORECAST, PART 1 JAN. 20 - ECONOMIC FORECAST, PART 2 THE BEAT Want to stay ahead of who & what is next? 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