Dock Health Raises $5M to Boost Healthcare Administration Automation
Image credit: Dock Health
Overview
Healthcare administrative hub, Dock Health, Inc., has secured $5M in funding, a move set to drive the expansion of its administrative offerings for healthcare professionals. This funding round, led by MassMutual through its MM Catalyst Fund (MMCF), saw participation from DaVita Venture Group and initial seed investor, August Capital.
Dock Health aims to combat the plethora of administrative tasks required in the management of complex patients. By streamlining these tasks, the platform allows clinicians to focus on delivering quality patient care. Born from Boston Children's Hospital's innovation department in 2020, Dock has been dedicated to improving collaboration between clinical and administrative sectors of care delivery.
The funding will enable Dock Health to enhance its platform with powerful automation and robust analytics capabilities. Jason Allen, Portfolio Manager of Impact Investments at MassMutual, said the MM Catalyst Fund backs high-impact firms that help resolve problems with positive societal impact. “Dock Health is well-positioned to revolutionize healthcare administration, reducing disparities in health outcomes and stabilizing the provider community,” he added.
Dr. Michael Docktor, CEO and co-founder of Dock Health, expressed his excitement over the opportunity to propel Dock into the next phase, which includes enhancing the platform's technology and expanding their team to cater to the needs of healthcare organizations aspiring for more efficient, highly reliable, and accountable care.
With the new funding, Dock Health plans significant product and technical developments. These include expanding the integrations marketplace, AI-powered workflows, creating an analytics + insights dashboard, and establishing a best practices community. The overall goal is to provide more efficient and effective care by streamlining administrative tasks and improving process visibility.
Dock Health's proprietary SmartFlow™ system replaces traditional paper flow diagrams with a digital, scalable process map featuring automations, branching logic, dependencies, and time delays. The next generation of workflows in Dock will be developed and supported by AI tools.
Dock Health’s web and mobile platform, designed at Boston Children's Hospital, serves customers in every healthcare specialty and setting, working to eliminate administrative friction and deliver better patient care. The platform is built to manage complex workflows and protocols, ensuring that clinical and administrative teams are coordinated and accelerating processes with workflow automations and meaningful integrations.
In the era of growing healthcare complexity, Dock Health's secured funding and plans for platform enhancement mark a crucial step in providing the necessary tools, processes, and connectivity to the healthcare professionals. Source