October 29, 2021 – Phrase Health, a SaaS-based healthcare platform, has closed a $3 million investment round led by digital health venture capital firm LionBird, with participation from Vizient, Inc. and BioAdvance.
The investment will be used to support the company’s growth initiatives and further its mission of improving the quality of clinical care delivery through optimization of workflows and management of electronic health records (EHR) data.
Phrase Health enables healthcare quality improvement using data sources, principally EHR data, and collaborative tools to drive clinical quality measures and outcomes. The company’s software provides web-based analytics dashboards and collaboration tools to better understand clinical processes and electronic interventions like alerts and order sets.
Its platform allows providers to assess and monitor the effectiveness of quality improvement initiatives and makes EHR data actionable, the company says.