Healthcare data analytics company Komodo Health adds demographic information to its Healthcare Map, a database of anonymized patient characteristics and care routes.
“If we are serious about reducing the burden of disease, we must recognize the existing health inequalities and take meaningful action to meet unmet needs in colored communities,” said Dr. Arif Nathoo, CEO and co-founder of Komodo Health, in a statement.
“Everyone in the healthcare sector, from vendors to industry innovators, has a role to play in filling gaps in care, and we believe we will be able to bring critical insights to the surface for meaningful outcomes.”
WHY IT IS IMPORTANT
Komodo said adding race and ethnicity data will help its clients eliminate inequalities, including identifying outcomes inequalities, supply gaps, and building more diverse clinical trials.
The pandemic has brought longstanding racial health disparities to the fore since Data showed that Alaskan Indians and Native Americans, blacks and Hispanic Americans were disproportionately infected and killed by COVID-19.
A Study published in JAMA Earlier this year, it emerged that racial and ethnic differences in health, access, and affordability largely persisted between 1999 and 2018.
In the meantime, clinical trials may underrepresent minority groups. By doing In the Food and Drug Administration’s 2020 Drug Trials Snapshot, 8% of new drug trial participants were Black or African American, despite making up 12.4% of the US population.
THE BIGGER TREND
In March of this year, Komodo Health announced a violent $ 220 million Series E funding round, bringing the valuation to $ 3.3 billion.
In 2021 the company will too has partnered with PicnicHealth to share their products to create a real patient data pool for research and acquired Breakaway Partners, a life science market access software company. The company has also entered into an agreement with Blue Health Intelligence to integrate its longitudinal, anonymized, real patient data into its Healthcare Map.
Other companies looking to leverage social determinants of health data are Unite Us –what caughtpublic health firm NowPow in September; health analysis firm Carrot Health in August – and Clarify Health, which raised $ 115 million in Series C funding earlier this year.