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
|By Marketwired .
|April 10, 2014 01:22 PM EDT
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."
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
SYS-CON Events announced today that Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo® and DevOps Summit 2015 Silicon Valley, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Alert Logic provides Security-as-a-Service for on-premises, cloud, and hybrid IT infrastructures, delivering deep security insight and continuous protection for cust...
Jul. 5, 2015 10:00 PM EDT Reads: 2,191
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than
Jul. 5, 2015 08:00 PM EDT Reads: 1,410
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization.
In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
Jul. 5, 2015 07:15 PM EDT Reads: 1,800
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location.
With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
Jul. 5, 2015 06:30 PM EDT Reads: 1,416
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
Jul. 5, 2015 06:00 PM EDT Reads: 2,194
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy.
How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Jul. 5, 2015 06:00 PM EDT Reads: 1,566
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
Jul. 5, 2015 05:15 PM EDT Reads: 1,453
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
Jul. 5, 2015 05:00 PM EDT Reads: 1,644
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
Jul. 5, 2015 05:00 PM EDT Reads: 1,569
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation.
In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare...
Jul. 5, 2015 04:45 PM EDT Reads: 1,620
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the...
Jul. 5, 2015 04:30 PM EDT Reads: 2,022
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures.
Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer.
Only in today's DevOps world, continuous testing, integration, and deployment upend...
Jul. 5, 2015 04:15 PM EDT Reads: 2,521
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and easy to use. MangoApps has been named a "Market Leader" by Ovum Research and a "Cool Vendor" by Gartner. 20,000+ business custome...
Jul. 5, 2015 04:00 PM EDT Reads: 1,997
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
Jul. 5, 2015 03:30 PM EDT Reads: 1,676
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
Jul. 5, 2015 03:00 PM EDT Reads: 2,874