TransformativeMed Closes $5.8 Series A to Redefine How Clinicians Use the EHR to Communicate and Collaborate
SEATTLE--(BUSINESS WIRE)--May 7, 2019--TransformativeMed, the leader in redefining how clinicians communicate and collaborate using EHR-embedded workflows, today announced that it has closed a $5.8M Series A financing round led by the Alliance of Angels. The funds will be used to accelerate Sales and Marketing efforts with an aggressive nationwide expansion of the CORES Value Suite solution. Today TransformativeMed solutions are used by tens of thousands of clinicians in more than 130 hospitals and health systems to optimize EHR usability, making patient care more productive and enjoyable.
TransformativeMed solutions target the clinical communication and collaboration (CC&C) market. This burgeoning space was narrowly defined by texting and messaging solutions that require interfaces to connect to the EHR. TransformativeMed is dramatically expanding the definition of clinical communication and collaboration with this approach:
- Out-of-the-box clinician-designed EHR workflows configured by clinical specialty and for complex conditions like diabetes. The workflows surface relevant EHR data as clinicians work, increasing EHR usability and satisfaction by minimizing the frustration of hunting for patient data.
- Smart messaging and texting solutions powered by machine-learning and integrated directly into the workflows, create a completely turn-key, 100% interface-free clinical communication and collaboration solution.
- Interface-free, EHR-embedded solutions delivered as a SaaS model to reduce IT burden and ensure rapid, turnkey implementations.
Clinicians relate to the TransformativeMed story. Co-founder Dr. Erik Van Eaton was frustrated by the technical barriers the EHR imposed on delivering efficient patient care. Together he and co-founder David Stone, a technologist, an inventor of Cerner MPages did something about it. They redefined how clinicians use the EHR.
TransformativeMed President and CEO Doug Cusick stated, “TransformativeMed built its business through clinical word-of-mouth. This intimate clinical connection has provided deep insight into what the market needs, the runway to learn how to deliver a truly turnkey solution to IT, and most importantly—market proof that our EHR-optimization approach works.” Cusick added, “We are thrilled with the confidence that our investors have in our solution and team and are prepared to jumpstart TransformativeMed’s growth as we redefine the Clinical Communication and Collaboration market with CORES.”
Founded in 2011, privately-held TransformativeMed is the first to re-engineer Electronic Health Record (EHR) workflows with directly embedded, clinician-friendly solutions. The CORE Value Suite curates EHR-based patient information and presents it in the unique way each specialty requires. CORES is bi-directionally integrated with smartphones to ensure clinicians can enter and receive critical alerts, notifications and messages while they work. This transforms how the EHR is used. Workflows are streamlined, team communication and collaboration is accelerated, and the frustrations of mining the EHR for critical information is removed. Tens of thousands of clinicians across more than 130 hospitals are using CORES to enhance EHR value, including Dignity Health, Baptist Health, and Medstar and others. Learn more at TransformativeMed.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190507005003/en/
CONTACT: Cheryl Isen, for TransformativeMed
Cheryl@IsenandCo.comor (425) 233-9032
KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PRACTICE MANAGEMENT HEALTH MEDICAL DEVICES DIABETES MANAGED CARE
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PUB: 05/07/2019 07:00 AM/DISC: 05/07/2019 07:01 AM