Venture Capital News: Relatient Receives Strategic Growth Capital
FRANKLIN, TN, Healthcare software and services company, announced today that the company has received an undisclosed amount in its first round of venture capital financing.
Relatient, LLC a healthcare software and services company, announced today that the company has received an undisclosed amount in its first round of venture capital financing. The financing was led by Jim Sohr, formerly President of AIM Healthcare. Jim is a respected early-stage investor with deep domain experience in healthcare technology and services. The financing also included participation by two other investors. The first is an undisclosed private, Nashville-based HCIT investor and the second is Nashville's serial entrepreneur, Joe Storey. Most recently, Joe was an EVP at WebMedx, which acquired his second successful company. The new funding will enable the company to expand the sales force, accelerate the product roadmap, and maintain excellence in support services as Relatient is experiencing rapid growth serving medical practices, hospitals, employers, and ACOs.
Relatient's Co-founder, Sam Johnson, has been named President and CEO. Jim Sohr will join Mr. Johnson on the board of directors. Co-Founder, Kevin Montgomery, will continue to lead the software development efforts.
Jim Sohr states, 'With the mass adoption of the EHR in the US spurred by the HITECH Act, we have fully shifted to a clinical focus in healthcare IT nationally. Relatient's unique, cloud-based platform is able to integrate with the EHR for two-way clinical messaging with the patient in effective ways that save money for the healthcare system, improve patient health, and bolster the bottom line in primary and specialty care alike, as well as in hospital medicine. While Relatient is a better platform for traditional appointment reminder services, Relatient directly connects the practice and the patient in a continuous clinical dialog that is made not only possible, but almost effortless for the medical staff. Relatient is already far ahead of its peers in launching a best-in-class platform in this new and exciting market opportunity. I look forward to supporting CEO, Sam Johnson, in building a valuable company serving a large market opportunity.'
Sam Johnson, co-founder and CEO said, 'We have plans to expand, growing rapidly from our initial foothold in the Southeast to a national footprint. We know how to attract top sales talent and enable them to perform at their best. Personally walking in those shoes, by spending more than 15 years selling software solutions to healthcare organizations, I recognize what good sales professionals need in order to succeed. They have a fantastic solution to present to this market, and they will be well prepared to share our story of improving healthcare.'
Sam also highlights, 'We will remain, at our core, a customer-focused organization. There is nothing more important than getting it right for the end users. I have seen organizations say that in public, then I have seen those that perform like they believe it. We will execute on customer satisfaction from every point within the organization.'
About RELATIENT: Relatient was founded on the realization that healthcare cost reduction will come in the form of better communication around compliance initiatives from the providers caring for their local patient population. That goal gets accomplished best by making the dialog more efficient, integrated, and automated, all while remaining fully custom to the provider's unique preferences. Relatient is first in the marketplace to fill a system-agnostic need for integration with EHR data while remaining affordable for all sizes of health organizations with a low, fixed-priced, per-provider subscription pricing.
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