drchrono Closes New Funding Round Led by Yuri Milner; Google's Matt Cutts Joins as New Investor
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--drchrono, the company that is transforming the focus of healthcare from the enterprise to the provider, today announced it has closed a $2.8 million round of funding led by Yuri Milner and featuring new investors that share a legacy of innovation and business transformation.
"Rather than spending tens of thousands of dollars on consultants and updates to enterprise software systems, we can deliver a fully compliant, end-to-end platform that any provider can learn to use in minutes."
Prominent Internet investor, Yuri Milner, who previously invested in drchrono as part of his pledge of support to Y Combinator startups, led this round of funding. Other investors also joined the round, including Matt Cutts, a leader in the search quality group at Google.
"The drchrono team has built an incredibly exciting product that helps physicians modernize their practice and enhances quality of care for patients," said Yuri Milner. "I am pleased to be a part of drchrono's growth and development."
This week the company released their new "Billing Center," which simplifies a medical practice's revenue stream. drchrono's driving focus is on empowering doctors with amazing technology, delivering a medical platform to doctors using iPads, iPhones and tablets, rather than the typical enterprise applications which require locally installed software and expensive managed servers. With Billing Center, physicians can sign up to do medical billing and start getting payments within days directly from their iPads. This makes medical billing a simple process, especially compared to what physicians experience currently where they have their billing handled by legacy vendors who are laden down with paper enrollment forms. The platform is already compliant with the government's new payment standards, 5010, which supports ICD-10 and ICD-9 medical codes.
"With just an app on the iPad, we can instantly deliver new technology to our doctors that streamlines their workflow and slashes bureaucratic costs," said Michael Nusimow, CEO of drchrono. "Rather than spending tens of thousands of dollars on consultants and updates to enterprise software systems, we can deliver a fully compliant, end-to-end platform that any provider can learn to use in minutes."
The company also announced it now has more than 15,000 registered providers, and more than 400,000 patients using the drchrono platform. For more information on drchrono and its latest feature set, please visit www.drchrono.com.
drchrono focuses on creating intuitive cloud computing solutions for Apple's iPad and building a better healthcare experience. The drchrono iPad Patient Care Platform offers a complete practice management solution, including electronic 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
SutherlandGold for drchrono
Lisa Gonzales, 415-848-7169