Healthfinch, a Madison-based startup that provides medical professionals with a platform to automate tasks like prescription refills, announced it has raised $6 million in new funding.
Healthfinch, founded in 2011, has now raised $17 million to date. The latest round was led by Adams Street Partners, a global investment firm that has backed companies like RetailMeNot, comScore and Ancestry.com.
The startup's practice automation platform "Charlie" is used by health systems to automate a range of tasks like visit planning and diagnostics results management. The startup's flagship prescription refill product (formally called "Swoop") is used by healthcare systems across the U.S. to provide prescription refill requests. Healthfinch says its goal is to help healthcare systems "automate, delegate and simplify" their workflows.
The startup says it now works with more than 4,000 providers, reaching 1.5 million patients.
“As healthcare organizations continue to come under pressure to ‘do more with less,’ while at the same time fighting high levels of provider burnout, we have seen the explosion of market awareness and adoption around technology to automate routine, repetitive clinical tasks,” Jonathan Baran, Healthfinch’s CEO, said in a statement. “This market readiness for practice automation technology, combined with a sea of change from existing Electronic Medical Record vendors opening up their platforms for innovation, means that we are at the beginning of a technology shift that will drive the healthcare industry forward.”
Other Healthfinch backers include Chicago Ventures, JumpStart Ventures and OCA Ventures.
