Luma Health

Luma Health

Patient Success Platform for healthcare organizations

About Luma Health

Simplify's Rating
Why Luma Health is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Healthcare

Company Size

51-200

Company Stage

Series C

Total Funding

$151.5M

Headquarters

San Francisco, California

Founded

2015

Overview

Luma Health provides a Patient Success Platform™ designed to streamline and automate various aspects of a patient's healthcare journey. This platform integrates with over 80 Electronic Health Records (EHRs), allowing healthcare staff and clinicians to have a comprehensive view of patients while minimizing the need for manual outreach. By improving patient management and communication, Luma Health helps healthcare organizations increase their patient referrals by an average of 37% within the first six months of use and boosts revenue by an average of 39%. The company operates on a subscription-based model, licensing its platform to healthcare providers. The main goal of Luma Health is to enhance operational efficiency and patient satisfaction by simplifying patient interactions and administrative processes.

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Simplify's Take

What believers are saying

  • AI-driven solutions enhance patient communication and operational efficiency for healthcare providers.
  • Strategic partnerships, like with Greenway Health, expand Luma's reach and service capabilities.
  • Recognition as a top workplace attracts talent, fostering innovation and growth.

What critics are saying

  • Increased competition may erode Luma Health's market share in patient engagement solutions.
  • Rapid technological advancements require continuous innovation, straining resources.
  • Data privacy concerns and regulatory scrutiny could impact operations and reputation.

What makes Luma Health unique

  • Luma Health integrates with over 80 EHRs, offering comprehensive patient management solutions.
  • The Patient Success Platform™ automates patient engagement, enhancing operational efficiency and satisfaction.
  • Luma Health's Oracle Validated Integration Expertise ensures seamless patient journey orchestration.

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Funding

Total Funding

$151.5M

Above

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$130M
Luma Health

Benefits

Health Insurance

Unlimited Paid Time Off

Wellness Program

401(k) Company Match

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

1%
PR Newswire
Aug 1st, 2024
Luma Health Achieves Oracle Validated Integration With Oracle Health Expertise For Delivering Proven, Repeatable Integration

Luma's Patient Success Platform™ connects patients to their care, automates outreach and readiness tasks for staff, and unifies all aspects of a patient's care journey with Oracle Health integrationSAN FRANCISCO, Aug. 1, 2024 /PRNewswire/ -- Luma Health , a leading patient engagement platform and a member of the Oracle PartnerNetwork (OPN), today announced that it has achieved Oracle Validated Integration Expertise across all Oracle Health domains for its bidirectional integration of Luma's Patient Success Platform™. Luma's platform has also achieved Integrated with Oracle Cloud Expertise and is available in the Oracle Cloud Marketplace. Luma orchestrates every aspect of the patient journey, from access to communication to readiness, with EHR-integrated and AI-enabled scheduling, waitlist, intake, payments, call deflection, dynamic next steps, and more. Its proven expertise and integration with Oracle support successful patient journeys for millions of patients across the United States.Expertise is a core tenet of the Oracle PartnerNetwork (OPN) program and allows Oracle partners to highlight their capabilities in a focused area. Ultimately, Expertise is designed to make it easy for customers to identify partners who can deliver quality solutions and minimize risk for their specific needs.To achieve the Oracle Validated Integration with Oracle Health Expertise, partners like Luma meet a series of qualifiers, including demonstrating that the integration performs as documented

Hit Consultant
Jul 25th, 2024
Vendor Sprawl: The Hidden Barrier To Effective Patient Engagement

Aditya Bansod, Chief Technology Officer, Luma HealthPatient engagement is a critical priority for modern healthcare organizations. Yet, the path is often obstructed by the unintended consequences of vendor sprawl. A profusion of disparate technology solutions creates a fragmented patient experience, hinders operational efficiency, and can even put patient data at risk. To combat this challenge, healthcare organizations need a unified patient engagement strategy. This strategic approach will help providers streamline their technology stack, create seamless patient journeys, and improve overall outcomes.As a HIT consultant, do these scenarios sound painfully familiar?Scenario 1: The Intake Paperwork NightmareA new patient arrives for their first appointment and is handed a stack of paper forms to complete. They must provide the same information they already submitted through the online portal, leading to frustration

PR Newswire
Jun 18th, 2024
Luma Health Ranks Among Highest-Scoring Businesses On Inc.'S Annual List Of Best Workplaces For 2024

Luma Health named among best workplaces in the healthcare sectorSAN MATEO, Calif., June 18, 2024 /PRNewswire/ -- Luma Health , the creator of the market-leading Patient Success Platform ™, announced its inclusion in Inc.'s prestigious annual Best Workplaces list for 2024. This recognition highlights Luma Health's unwavering commitment to cultivating an exceptional workplace culture, where employee well-being, growth, and collaboration are paramount.Luma Health has distinguished itself in the healthcare sector by not only revolutionizing patient care coordination but also by fostering a thriving work environment. The company's dedication to its mission of simplifying and improving the patient journey is reflected in its supportive and inclusive culture .Commenting on Luma's recognition by Inc., Luma Health CEO Adnan Iqbal said, "Transparency, curiosity, and compassion are the pillars of our people-first culture at Luma Health. As we've grown from three co-founders to over 120 team members, we've remained committed to valuing diverse perspectives, encouraging calculated risk-taking, and fostering a 'no task is too small' mentality. We provide opportunities for personal and professional growth through open communication, mentorship, and tailored career paths. Making the Inc

PR Newswire
May 28th, 2024
Luma Health Recognized As One Of The Best Places To Work In Healthcare In 2024

Luma Health honored for exceptional workplace culture in Modern Healthcare rankingSAN MATEO, Calif., May 28, 2024 /PRNewswire/ -- Luma Health , creator of the market-leading Patient Success Platform™ , has been selected by Modern Healthcare as one of the 2024 Best Places to Work in Healthcare. The award identifies and recognizes outstanding employers in the healthcare industry nationwide, and combines an assessment of a company's practices and policies with independent employee feedback.Luma Health's commitment to transforming the patient healthcare journey has not only attracted top talent in the industry but also fostered a deeply engaged and motivated workforce. Employees are drawn to Luma's mission-driven culture, where their work directly contributes to improving the lives of patients and empowering healthcare providers. This shared sense of purpose fuels a collaborative and innovative environment, making Luma Health a truly rewarding place to work."With all the economic uncertainty, staffing challenges, and folks wanting more flexible work setups, every company has to get clever about how they attract and hold onto talent," noted Dan Peres, president of Modern Healthcare. "The winners of the 2024 Best Places to Work awards really get it. They show us how vital it is to understand what employees want and need right now

PR Newswire
Feb 27th, 2024
Greenway Health And Luma Health Partner With Patient Connect™ To Enable Patient Self-Service, Reduce Staff Burden, And Improve Healthcare Access

TAMPA, Fla., Feb. 27, 2024 /PRNewswire/ -- Greenway Health , a leading health information technology services provider, announced its strategic partnership with Luma Health, the innovative market-leading Patient Success Platform™ to create Greenway Patient Connect™ powered by Luma.Greenway Patient Connect is a patient engagement portfolio focused on enabling patients to self-service and reducing the burden on staff to prepare patients for care. The newest solution is powered by automated insights and seamlessly integrated into Greenway's EHR solutions to reduce administrative burdens and costs for healthcare providers, increase practice revenue, and dramatically improve the patient experience."The launch of Greenway Patient Connect harnesses the power of AI to improve healthcare practice operational efficiency, increase financial opportunities, and foster a more seamless patient experience," says David Cohen, Chief Product and Technology Officer at Greenway Health. "The integration of Luma Health and Greenway Health is an embodiment of our mission to enable successful providers and empower patients on their individual healthcare journeys."Greenway Patient Connect supports the three daily elements of the patient experience: Access, Communication, and Readiness. The solution alleviates the need for healthcare staff to manually schedule, change or cancel appointments, recaptures lost revenue by increasing calendar utilization and filling the holes in provider calendars, and reduces waiting room bottlenecks by gathering patient intake and insurance information prior to care visits. For patients, the technology improves the patient journey allowing new and existing patients to book appointments in real time, self-manage and accept waitlist offers, and receive appointment reminders."The strategic partnership with Greenway Health brings the power of Luma's Patient Success Platform to the entire Greenway client base," says Aditya Bansod, co-founder and CTO at Luma Health

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