Healthcare software program firm Commure has raised round $500 million over two rounds of funding, in line with reporting by Insider. Its sources say the corporate is now valued at $3.5 billion after the most recent Sequence D spherical, which closed final week.
A spokesperson for Commure mentioned the corporate doesn’t touch upon funding or valuation.
Insider reported that Human Capital and Greenoaks Capital led the most recent spherical.
WHAT IT DOES
Commure gives an FHIR-compliant improvement platform for well being methods, distributors and startups to construct healthcare functions and software program. The platform is constructed with an AAA safety framework, an occasion service bus, an API gateway, a versatile information retailer, terminology providers and healthcare-specific UI parts.
Interoperability and information sharing proceed to be obstacles for the healthcare trade. A 2019 report from Royal Philips famous that poor and rare information sharing hindered digital well being innovation. The survey discovered 80% of healthcare professionals reported sharing digital well being data of some form inside their facility, however solely 32% mentioned they shared with these exterior their middle.
Nonetheless, 69% of respondents mentioned the data improved high quality of care, and 59% mentioned they improved affected person outcomes.
Final month, HCA Healthcare, one of many nation’s largest well being methods, introduced the sale of its EHR-optimization firm PatientKeeper to Commure. The announcement mentioned HCA would additionally put money into Commure.
“The present well being ecosystem capabilities like a metropolis with out roads. We constructed the ‘metropolis’ of healthcare, populated with over 3,000 healthcare IT firms, with out contemplating the pathways that might join them,” wrote Commure CEO Brent Dover and PatientKeeper CEO Phil Meer when the sale was introduced.
“Healthcare lacks the correct infrastructure and connectivity to gather and serve up information in methods that may meaningfully rework the way in which care is accessed, coordinated, delivered and skilled.”
Dover and Meer wrote that PatientKeeper would live on as a standalone unit inside Commure, however the firm would transfer PatientKeeper’s software program onto Commure’s cloud-based platform.
Commure introduced one other acquisition in March, when it scooped up digital well being communications platform Karuna Well being.
In July, the corporate employed Dr. Saurabha Bhatnagar away from UnitedHealth Group, the place he had served as chief medical officer and head of digital and know-how. Bhatnagar is Commure’s chief well being officer.