Welcome!

News Feed Item

drchrono Raises $2.69M Led by Runa Capital From AngelList Profile

drchrono Not Just an EHR Anymore, but a New Infrastructure for Healthcare

MOUNTAIN VIEW, CA -- (Marketwired) -- 04/10/14 -- drchrono Inc., the creator of a free Electronic Health Record (EHR) platform on the iPad, iPhone and cloud, today announced the company has raised an additional $2.69M in convertible debt funding. Some of the investors include Runa Capital, Maxfield Capital, FundersClub, Bruno Bowden, Silicon Valley Bank and Box, Inc among others. In addition to the $4.13M the company has previously raised, this brings the company's total funding to $6.77M.

drchrono's goal is to allow doctors and patients to easily connect with one another, share critical data, and push the limits of the medical industry. With drchrono's web apps, iOS and Android apps, and now its underlying API, doctors are able to leverage its EHR platform to move healthcare data between the platform and other important sources like medical devices and hospitals.

The company put up an AngelList profile to keep in touch with existing investors, with the company inviting these investors to AngelList. Daniel Kivatinos, cofounder and COO mentioned, "It's a great way to keep our existing investors in the loop with press and traction, showing updates about what is happening within the company. We use it as an information distribution tool. In doing that, something interesting happened, additional investors from around the world started to contact us. We didn't expect AngelList to be such a powerful place to find investors. The investors come to you."

The unique way that the money was raised validates what AngelList is doing, letting investors from every corner of the world see what is happening, picking winning companies without having to move to Silicon Valley or other world startup hubs. Investors can pick an investment and do research right from AngelList.

Naval Ravikant, CEO at AngelList, mentions, "One of the advantages of putting your company online is that investors with relevant domain expertise from all over the world can reach you. In this case, a European firm can find and lead an investment in a U.S. company."

"drchrono is a very exciting company to watch in the mobile healthcare space," said Andre Bliznyuk at Runa Capital. "The company's passion toward fixing healthcare and improving the doctor-patient experience, and its use of innovative technology has made us a firm supporter in the company. We are excited to watch drchrono evolve and build an important infrastructure for doctors that will help improve efficiencies in their office and ultimately improve patient care."

Dr. James Rieger, an active physician on the drchrono platform, is also an investor in this recent round. He mentions, "I use drchrono, and it is simply amazing. I wanted to jump into this investment round since I use the medical platform day to day in my practice."

The funding will be used to invest in the healthcare API so drchrono partners can leverage the powerful medical records, practice management and the medical billing platform. The company has 2.6+ million patients and 60,000+ physicians that developers can leverage. More than 480 million dollars per year in medical billing is being processed through the healthcare platform, and drchrono founders say the platform is at critical mass and accelerating.

"After five years it's time to bring drchrono into the infrastructure space, good medical infrastructure is lacking. We are now laying foundation to build out a new healthcare infrastructure," Daniel Kivatinos, COO mentions. "We are creating a new experience for doctors and for patients that just doesn't exist today with a market place for other applications."

"Our goal has always been to fix the existing healthcare system," said Michael Nusimow, cofounder and CEO. "With 2.6 million patients and over 60,000 physicians signed up on the drchrono platform, we have realized that drchrono is more than just 'an app,' and we are committed to ensuring that doctors have an all-inclusive platform to start a practice on, from using point of care tools with patients to processing medical claims."

About drchrono

drchrono focuses on Apple's iPad, iPhone and cloud computing to build a better healthcare experience. They offer a free EHR platform built on the iPad that is Meaningful Use certified. drchrono is also the first iPad EHR to implement real time clinical speech-to-text, patient eligibility checks and iPad based medical billing. drchrono handles everything a doctor needs to run their practice, including medical records, electronic prescribing, medical billing, and patient management. For more information, visit https://drchrono.com

The drchrono iPad EHR is 2011/2012 compliant and has been certified by InfoGard Laboratories, an ONC-ATCB, as a complete EHR in accordance with the applicable certification criteria adopted by the Secretary of Health and Human Services. This certification does not represent an endorsement by the U.S. Department of Health and Human Services or guarantee the receipt of incentive payments. drchrono version 9.0 was Stage 1 certified on June 3, 2011. The ONC certification ID number is IG-2492-11-0083

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Carbonite will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
SYS-CON Events announced today that Systena America will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Systena Group has been in business for various software development and verification in Japan, US, ASEAN, and China by utilizing the knowledge we gained from all types of device development for various industries including smartphones (Android/iOS), wireless communication, security technology and IoT serv...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo Silicon Valley Call for Papers is now open.
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...