August Health is proud to announce $29 million in Series B funding, led by Base10 Partners, to further August Health’s mission to empower the essential work of caring for our elders. Existing investors General Catalyst and Matrix Partners are participating in the round, along with new strategic partners Equitage Ventures, the Senior Living Transformation Company, and Stanford University.
“August Health is redefining senior living technology,” said Adam Kaplan, Co-Founder and Partner of Equitage Ventures and CEO and Founder of Solera Living. “They’ve emerged as a frontrunner shaping the future of the industry, providing a modern, data-driven platform that transforms care and operations so that communities can thrive.”
Senior living is at an inflection point. The gray wave is here, and an ever-increasing number of older adults urgently need both housing and care. To meet this moment, the industry needs a modern, purpose-built system of record to upgrade operations and successfully care for a rapid influx of new demand.
Recognizing the need for better technology in senior living, Dr. Justin Schram and Erez Cohen, a startup founder and former Apple engineering leader, founded August Health in 2020. The August Health EHR platform is already the system of record for thousands of communities, their teams, residents, and families, across the U.S. and in Canada. In a two-year period of rapid growth and development, the platform has expanded to support senior living operators with products including Move-Ins, eMAR (medication management), Care Track, Billing & Payments, and Insights.
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Forward-looking senior living operators understand that outdated technology is a threat to long-term success. Communities using August Health report transformative outcomes in resident well-being, operational sustainability, and overall performance. Customers have achieved results such as a 23% reduction in incidents, a 20% increase in revenue, and millions of dollars in previously untracked care services identified. Among clinical staff, 87% say August Health improves care quality, and 4 in 5 report improved job satisfaction critical progress for an industry facing persistent staffing shortages and high turnover.
With this new funding, August Health will accelerate product development to meet the evolving needs of the senior living industry. The company is investing significant talent and resources in developing August Intelligence – an AI-enabled care partner that operates proactively across the August Health platform to enhance clinical, operational, and financial outcomes.
Early results from August Intelligence demonstrate how caregivers can use AI-powered tools to strengthen the most human parts of their job surfacing personalized, real-time insights that guide care teams toward timely interventions and best practices. The model delivers summaries and evidence-based suggestions, delivering the right information to the right person at the right time. August Intelligence rolls out to select operators this fall.
“As a customer, I’ve seen firsthand the clarity August Health brings to our operations,” said Andy Eby, CEO of Senior Living Transformation Company and Bickford Senior Living. “Now, as an investor, I’m excited about what’s ahead. August Health’s approach to embedded intelligence is elegant and grounded, not built on hype, but on real opportunities to support staff and elevate resident care. They’re thinking about AI in a way that respects both the complexity and humanity of this work, while meeting the day-to-day realities of senior living by helping teams make timely, better-informed decisions.”
Source: Businesswire
