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§ Private Profile · Newton, MA, USA
Par8o is a technology company.
Par8o develops a specialized platform optimizing patient referral management for healthcare organizations. Its technology streamlines connecting patients with appropriate care providers, enhancing resource utilization within provider networks. The system also captures eligible outpatient referrals, converting them into compliant 340B savings. This approach improves access to care and operational efficiency through intelligent pathways and robust compliance.
Founded in 2011 by Daniel Palestrant, who previously co-founded Sermo, Par8o emerged from an insight into healthcare's referral inefficiencies. Palestrant and his co-founders sought to create a more integrated system. Their goal was to enhance patient care coordination and unlock operational value by addressing fragmented patient journeys.
Par8o primarily serves diverse healthcare organizations, including hospitals and safety-net providers. The platform empowers these entities to manage patient populations effectively, ensuring timely and appropriate follow-up services for quality care. The company's vision is to continuously refine its referral technology, further optimizing healthcare operations and improving patient access.
Par8o has raised $11.0M across 1 funding round.
Par8o has raised $11.0M in total across 1 funding round.
Par8o is a healthcare technology company that digitized and automated the patient-referral and 340B eligibility workflows by matching patients to in‑network specialists and streamlining referral handoffs between providers and specialty clinics using workflow integration and mobile tools[1]. Cloudmed (now R1 RCM) acquired par8o to expand its 340B discovery and referral-management capabilities, folding par8o’s technology into a broader revenue and provider‑network operations platform[2].
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick take: Par8o specialized in a narrow but high‑value problem—digital referral orchestration tied to financial-program capture—which made it both valuable to health systems and an attractive strategic acquisition for RCM firms seeking to couple clinical workflow improvements with revenue optimization[1][2].
Par8o has raised $11.0M in total across 1 funding round.
Par8o's investors include Bronze Investments, Founder Collective, Plug & Play Ventures, QueensBridge Venture Partners, Ulu Ventures, Anthony Saleh, Balaji Srinivasan, Greg Kidd, Jeff Fagnan, CHV Capital.
Par8o has raised $11.0M across 1 funding round. Most recently, it raised $11.0M Series A in January 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2015 | $11M Series A | — | Bronze Investments, Founder Collective, Plug & Play Ventures, Queensbridge Venture Partners, ULU Ventures, Anthony Saleh, Balaji Srinivasan, Greg Kidd, Jeff Fagnan, CHV Capital | Announced |