Venture Capital News: Health Gorilla Scores $2.4M
SUNNYVALE, CA, Health Gorilla, an online healthcare marketplace for connecting doctors and clinicians with diagnostic labs and radiology centers, has raised $2.4 million in Series A funding.
Health Gorilla (www.healthgorilla.com) today announced the launch of the Health Gorilla Clinical Network - a secure platform for clinical data and communications poised to change the way doctors, vendors, and patients interact about and manage healthcare in the US. The launch follows the closing of a $2.4M Series A funding round, for a combined total of $4.4M raised to date, with Data Collective leading the round and backing from True Ventures, Harris Barton, Orfin Ventures and Venture Investment Associates. Health Gorilla's Clinical Network connects doctors, vendor partners (such as lab facilities, clinics, and hospitals), and consumers in a closed, HIPAA-compliant loop of information and communications never before made possible - ultimately creating better interactions and empowering consumers to truly take control of their own health.
Health Gorilla's Clinical Network solves three major problems currently plaguing healthcare:
Electronic ordering: Health Gorilla successfully closed the communications gap between doctors and vendors in 2014 with its secure platform to automate the 10B+ diagnostic tests ordered each year, which account for more than 70 percent of medical decisions. Thousands of doctors now interact online with over 9,000 diagnostic labs and 35,000 radiology centers, as well as sleep clinics, physical therapy centers, nursing homes, and more. The Clinical Network extends this automation to referrals and test results to further streamline workflow, reduce waste, and improve communications - not only between medical professionals but consumers as well.
Shared communications: Health Gorilla allows seamless and secure sharing of records, test results, and other information across the 'care circle' - that is, approved individuals involved in a person's health, whether it be medical professionals, labs, or family members. This unified view leads to better care and communications across the board. A secure messaging platform adds the ability for members of the network to instantly chat with one another.
Complete health history: For years, consumers have been unable to obtain the medical records accumulated over their lifetime in one place. With Health Gorilla, they will be able to claim their records in 10 minutes or less, creating a comprehensive health history that they can access, as well as securely share with others. This gives physicians accurate patient data at the point of care to improve quality and outcomes, while giving consumers full control over their health information. Health Gorilla will roll out this feature to the California regional market first, then expand it nationwide.
'The healthcare industry is broken, and many of the pain points can be tracked back to data and communications issues, both simple and complex,' explains Steve Yaskin, CEO of Health Gorilla. 'This Clinical Network will be the key driver of a revolution in the healthcare system by finally, effectively connecting the entire continuum of care within a single, secure platform.'
Health Gorilla is fully HIPAA compliant and certified for Meaningful Use 2. Anywhere you see a fax machine in a US health practitioners' office, you should soon see Health Gorilla with seamless APIs to any other technology at that location. The Health Gorilla Clinical Network is also available via any iOS device through the Health Gorilla app, which allows both medical professionals and consumers to securely access its full features while on-the-go.
'Health Gorilla has approached an old problem in a new way - and is successfully solving it,' said James Hardiman, Principal at Data Collective. 'With each connection, we move closer to addressing the entire communications problem in health care, and, on a larger scale, redefining the perception of what quality care and good health means to everyone.'
'Health Gorilla has already successfully closed the gaps in communications and data management between physicians and vendors, delivering a proven platform that solves some of the most pressing issues facing the health care industry,' said Jon Callaghan, Partner at True Ventures. 'Health Gorilla epitomizes True's mission of supporting companies that use innovation for global good, in this case better data and communications between patient and doctor.'
To join Health Gorilla's Clinical Network, visit www.healthgorilla.com. Physicians and vendors can join immediately to connect their practice with thousands of others already in the network, along with a growing patient base. Consumers can log in to start communicating directly with medical professionals online.
About Health Gorilla
Health Gorilla's nationwide clinical network connects doctors, vendors, and patients within a single, secure interface - creating a closed loop of communication and transforming how care is managed. Health Gorilla automates lab results, referrals and test results for physicians and medical facilities, which provides better communication between all parties involved, and leads to better communication and an overall healthier population. Health Gorilla is HIPAA compliant and MU2-certified, available online or on-the-go. To join the clinical network and redefine what quality care means to you, visit www.healthgorilla.com.
About True Ventures
Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With capital under management in excess of $1 billion, True provides seed and Series A funding to the most talented entrepreneurs in today's fastest growing markets. With a mission to make the world a better place for entrepreneurs, True encourages each founder's vision and has built resources to empower the employees, families and communities of its portfolio companies. The firm maintains a strong founder community and offers innovative educational opportunities to its portfolio, helping entrepreneurs achieve higher levels of success and impact. With more than 200 companies funded and multiple companies acquired, the current True portfolio has helped create over 5,000 jobs. To learn more about True Ventures, visit www.trueventures.com.
About Data Collective
Data Collective is a venture capital firm that invests in companies that are driving a big data and deep compute secular trend as enduring as the PC and networking revolutions of the last 30 years. DCVC and its principals have backed brilliant people changing global-scale industries for over twenty years, helping create tens of billions of dollars of wealth for these entrepreneurs while also making the world a markedly better place. DCVC brings to bear a unique model that unites a team of experienced venture capitalists with more than 35 technology executives and experts (CTOs, CIOs, Chief Scientists, Professors at Stanford and Berkeley) with significant tenures at top 100 technology companies and research institutions worldwide. Learn more at dcvc.com and follow us at @dcvc.
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