(2017-05-31) Outcome Health Ditches Bootstraps Raises500 M

Outcome Health ditches BootStraps, raises $500M at $5B valuation

Bootstrapped since 2006, Outcome Health just became one of the best-funded companies in our (Chicago's) tech ecosystem’s history.

The deal is the second largest round of venture funding for a Chicago-based technology company ever, clocking in above Avant’s $325 million 2015 Series E, but below Groupon’s $950 million 2011 Series D, according to Crunchbase.

Outcome Health’s software is free for healthcare providers and funded by companies like insurance providers and pharmaceutical companies, which receive aggregated anonymized data in return,

The company uses digital technology to streamline communication between doctors and their patients.

Adam Koopersmith on Pritzer Group's Outsized Investment in Outcome Health

It really came down to three things:

• 1. Rishi, Shradha and the Team
• 2. Proven Improvement in Health Outcomes
• 3. The Future Digital Patient Experience

Taking advantage of downtime in a waiting room to educate a patient on his/her medical condition or utilizing interactive 3D models in the exam room can greatly empower a patient to take better care of themselves, which is the best way to lower costs and drive better outcomes.