HealthReveal gets $10.8 million to bring machine learning to chronic condition care

New York City-based HealthReveal, which uses remote monitoring and data analytics to help payers and providers make sure patients get the treatments that line up with evidentiary guidelines, has raised $10.8 million in first-round funding. The round was led by GE Ventures with contributions from Greycroft Partners, Flare Capital Partners, and Manatt Ventures. HealthReveal was founded by CEO Dr. Lonny Reisman, who previously founded ActiveHealth Management and sold it to Aetna for $400 million. He then served as Aetna's CMO for nearly a decade. "I think everybody agrees that some 86 percent of medical costs are associated with complications from chronic disease, things like strokes and amputations and end-stage renal disease and end-stage cancer, which is obviously awful for the patient but also very costly," Reisman told MobiHealthNews in an interview.