NORTHFIELD, Illinois — Pharos Innovations LLC has raised nearly $862,000 in an equity sale equity, according to a regulatory filing.
The company’s Tel-Assurance software guides patients through “targeted survey questions” via the phone or web that are designed to inform providers of changes in a patient’s health status.
The company says its technology helps providers reduce hospital admissions and health costs for chronically ill patients.
The company was founded by CEO Dr. Randy Williams, a practicing cardiologist. Its clients include Detroit’s Henry Ford Health System, which used Pharos’ technology to cut hospital admissions for heart-failure patients.
Pharos is seeking to raisea total of $1 million, according to the regulatory filing. It declined to disclose its revenues. A Pharos spokeswoman didn’t immediately return a call.