Innovaccer wants to be the service that will unifies all healthcare information

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The holy grail pertaining to technology companies working in the particular healthcare industry is becoming the particular gateway for all healthcare information.

Big heritage providers like Epic plus Cerner are trying to reach out to medical center networks to hoover upward all of their data. Google is interested in it. Salesforce is interested in this. Everyone wants to be the resource that will organizes and manages health care data for physicians plus hospital providers — everybody including the San Francisco-based start-up Innovaccer, which has raised $70 million in new funding to finance its objective.

The new purchase from firms including Steadview Funds, Tiger Worldwide, Dragoneer, Westbridge Capital, the particular Abu Dhabi investment company Mubadala Capital, and Microsoft’ s corporate investment supply, M12.

They are deep-pocketed investors for who money is no object, but Innovaccer has shown a fair bit of grip among hospitals and wellness systems with its data evaluation and management platform.

The company’ h software pulls from datasets including those generated simply by Cerner and Epic’ t healthcare records, as well as insurance firms and pharmacies to create a lot more holistic view of an affected person, the company says.

Since its launch within 2014, Innovaccer has provided just one source or healthcare info for 3. 8 mil patients and saved health care systems more than $400 mil, the company said.

“ Healthcare nevertheless needs a lot of work to be patient-centered and connected simply by organizing information and which makes it more accessible. It is really crucial that you make patient data effortlessly available to all providers across the patient’ s care trip, ” said Abhinav Shashank, the co-founder and leader at Innovaccer, in a declaration. “ We have been fortunate to do business with transformational healthcare initiatives which our amazing customers are involved in. The vision of assisting healthcare work as one needs the connected and open technologies framework. We are excited to end up being at the forefront of providing the tech platform for the customers to drive that change. ”

Its technology relies on over 200 APIs to just take data from health plans, primary care providers, pharmacies, labs and hospitals and serves that data to 25, 000 care providers. The company hopes to just take that number ot over 100 million healthcare records and 500, 000 caregivers over the next several years.

It’ s a lofty goal, but one which appeals to the Ravi Mehta, the founder of the $2. 5 billion hedge fund Steadview Capital.

“ By using their connected care framework coupled with their leading-edge dataggregation and analytics platform, they are unifying patient records and enabling care teams to coordinate patient care at a new level, ” said Mehta. “ We believe this will achieve greater efficiencies, enable better care and reduce over all healthcare spend in the years to come. ”  

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