What You Ought to Know:
– Medchart, a Dallas-based cloud-based platform powering patient-authorized info for companies, researchers, and client providers introduced it has raised $17M in seed and Sequence A funding led by Crosslink Capital and Golden Ventures, with extra funds from Huge Ventures, Union Ventures, iGan Companions, Stanford Regulation Faculty, and hip hop icon Nas, an unique backer.
– The corporate will apply the present funding to speed up product innovation and rent new expertise to fulfill the widespread demand for companies to get patient-authorized well being info.
Reworking Well being Info Retrieval By means of Innovation
Launch of data (ROI) within the center income cycle workflow is important to the standard of the continuity of care offered to the affected person. As well as, it additionally performs an necessary function in billing, authorized, reporting, analysis, and different capabilities. Medchart squarely addresses one of many slowest, most tedious, and fractured processes: getting affected person well being data for widespread enterprise duties. Medchart lets companies simply, securely, and cost-effectively entry and change patient-authorized digital well being info for all the things from life sciences real-world proof or insurance coverage underwriting to authorized claims.
The corporate’s cloud-based well being info platform delivers full and correct digital data, whatever the unique format and in compliance with affected person preferences and international privateness requirements. By way of API entry to information, Medchart powers enterprise innovation.
Recognizing the race to on-line digitization, Medchart is increasing throughout vertical markets to make sure they’ll sustain with market shifts and regulatory concerns. Greater than 1,000 healthcare suppliers throughout North America already use Medchart to launch data electronically. The corporate is related to a number of nationwide and regional well being info exchanges throughout the U.S., overlaying hundreds of thousands of data and simplifying entry.
“Medchart’s automation and effectivity unlocks new generations of digital transformation and analytics to enterprise processes that stay sluggish, costly, and paper-based,” mentioned James Bateman, co-founder and CEO of Medchart. “Our mission is to revolutionize the best way authorized, insurance coverage, researchers, and different professionals entry medical data in a fraction of the time. By means of our cloud-based platform, direct digital well being info connections, and superior analytics, we’re remodeling the medical report entry course of for companies past affected person care.”