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There is a well-known correspondence between consequence relations and closure operators (see the first few pages of Chapter 4 here and in particular Prop 4.2.3 --- closure operators are called consequence operators there). In short, given a relation , we define by sending to . When is closed under some rules that are motivated by seeing it as an entailment relation (see Defn 4.1.1), then is a closure operator, and we can go in the opposite direction.
Now, closure operators on are instance of monads on the posetal category . Is there a categorification of consequence relations yielding a correspondence with some type of monads? It does not look like it because there are no "power categories" and the target of a consequence relation is merely a set (not that much structure), but I am still curious.
can be written as a functor , which is equivalently by currying. The axioms for a consequence relation are necessarily those corresponding to the monad axioms until transposition. Categorifying, we may replace the power set construction with the presheaf construction. Hence monads on presheaf categories correspond to functors , where , satisfying axioms that correspond to the monad axioms under transposition.