Novocardia is a cardiology practice management platform that provides tools and services to help cardiologists deliver value-based care. It focuses on improving patient outcomes and operational efficiency for cardiovascular disease treatment.
Funding
$53.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Cardiovascular practices often struggle to transition to value-based care models due to the complexities of risk contracting, data analytics, and care coordination. This can lead to inefficiencies, increased costs, and suboptimal patient outcomes. Many independent cardiology practices lack the resources and expertise to effectively manage population health and implement quality improvement programs.
Solution
Novocardia provides a cardiology practice management platform designed to help cardiovascular specialists succeed in value-based care. The platform offers tools and services to optimize clinical efficiency, reduce avoidable hospitalizations and ER visits, and improve care coordination across the patient journey. Novocardia leverages risk-stratification modeling, remote patient monitoring, and actuarial models to provide greater visibility into patient needs and cost dynamics. By partnering with physician groups, payers, and health systems, Novocardia facilitates a collaborative approach to cardiovascular care, ensuring patients receive timely, high-quality, and affordable treatment. The platform's comprehensive care management capabilities and data-driven insights enable practices to deliver proactive, prevention-focused care and better chronic disease management.
Target Audience
Novocardia serves independent cardiovascular specialists, physician groups, payers, and health systems seeking to improve patient outcomes and manage costs through value-based care arrangements.
Features
- Risk-stratification modeling using EHR data and payer claims to track utilization, outcomes, and costs of care
- Remote patient monitoring of vital signs and patient-reported outcomes with real-time event notifications
- Purpose-built actuarial models to enhance understanding of cost dynamics
- Care coordination and population health management tools
- Quality improvement programs and performance measurements
- Support for various clinical service lines, including heart failure, vascular disease, and atrial fibrillation
- Assistance with value-based and fee-for-service contracting