Insiteflow, an online platform for EHR workflow interoperability, raised $2.3 million in a financing round led by Silverton Partners with participation from Congress Ave Ventures, Alumni Ventures, and Service Provider Capital.
According to the company, the funding will accelerate the expansion of its customer base and proprietary cloud-based platform.
Insiteflow has created a cloud-based platform that makes it simpler for physicians to use third-party analytics tools within their EHR. The platform lets physicians single sign onto a third-party solution, which shows up as a window in their EHR. The platform enables physicians to transform clinical and financial results through EHR workflow interoperability, making external third-party solutions accessible, actionable, and automated in EHRs.
“Insiteflow is transforming healthcare by moving the industry beyond data interoperability to create workflow interoperability,” said Morgan Flager, Silverton Partners’ Managing Partner. “Our investment underscores our confidence in Insiteflow’s ability to enhance the clinical experience to empower clinicians to improve cost, quality, and revenue. We are excited to help in expanding their capabilities to improve healthcare outcomes.”
The company said that more than 80% of physicians use this EHR workflow to implement data-driven recommendations, clinical decision support, and other best practices from external solutions.
“Clinicians do not have time to leave their EHRs to access and use the constantly expanding set of external, third-party healthcare analytics, guidelines and other solutions. This often leads to missed opportunities to improve care, quality and revenue,” said Insiteflow CEO Anthony Gerardi. “By bringing critical data-driven recommendations from third-party solutions into their EHRs, Insiteflow empowers clinicians with the workflow they need to efficiently improve outcomes.”
Digital Health companies raised nearly $15 billion in the first half of 2021, according to the latest Mercom Digital Health Funding and M&A Report.