Health Gorilla – a digital medical data interoperability platform, raised $15 million in a Series B funding round co-led by IA Capital and Nationwide.
The company plans to use the new funds to accelerate its expansion into new business verticals, including insurance, life sciences, and government organizations. The funds will also be used to launch new APIs for medical records access, payer-to-payer data sharing, and data quality assessments, the company said.
Health Gorilla was founded initially as a marketplace for labs and expanded its offering over the years and plans to provide a secure and interoperable product that enables payers, providers, and digital health solutions to share health data and aggregate each patient’s clinical history in one place according to the company.
The platform connects health data with more than 17,000 provider sites; and has facilitated more than 1 million clinical health data exchanges to date, according to Health Gorilla.
With a combination of clinical data APIs, HIPAA-compliant user authentication, and a master patient index, Health Gorilla makes it easier for providers to pull their patient’s information from the clinical records system.
Greg Epstein from Epsilon Health Investors said, “As health systems and payors begin to think more about population health, SDoH, and pricing transparency, they will continue to build reliance upon solutions/APIs like Health Gorilla to enable the clean transfer of data on a national scale. Companies leading the way in value-based care are now realizing they need to be working off of one common data set to isolate and demonstrate improvements in outcomes, which is evidenced by Health Gorilla’s blue-chip digital health customer base.”
Forty-five health information exchange companies have raised over $500 million since 2010, according to Mercom data. Recently, Human API, a health data exchange platform offering a simple, digital way for consumers to share access to their electronic health records in real-time, raised $20 million in Series C funding.