SYS-CON MEDIA Authors: Carmen Gonzalez, Liz McMillan, Elizabeth White, Ed Featherston, Kevin Benedict

News Feed Item

drchrono Raises $2.69M Led by Runa Capital From AngelList Profile

drchrono Not Just an EHR Anymore, but a New Infrastructure for Healthcare

MOUNTAIN VIEW, CA -- (Marketwired) -- 04/10/14 -- drchrono Inc., the creator of a free Electronic Health Record (EHR) platform on the iPad, iPhone and cloud, today announced the company has raised an additional $2.69M in convertible debt funding. Some of the investors include Runa Capital, Maxfield Capital, FundersClub, Bruno Bowden, Silicon Valley Bank and Box, Inc among others. In addition to the $4.13M the company has previously raised, this brings the company's total funding to $6.77M.

drchrono's goal is to allow doctors and patients to easily connect with one another, share critical data, and push the limits of the medical industry. With drchrono's web apps, iOS and Android apps, and now its underlying API, doctors are able to leverage its EHR platform to move healthcare data between the platform and other important sources like medical devices and hospitals.

The company put up an AngelList profile to keep in touch with existing investors, with the company inviting these investors to AngelList. Daniel Kivatinos, cofounder and COO mentioned, "It's a great way to keep our existing investors in the loop with press and traction, showing updates about what is happening within the company. We use it as an information distribution tool. In doing that, something interesting happened, additional investors from around the world started to contact us. We didn't expect AngelList to be such a powerful place to find investors. The investors come to you."

The unique way that the money was raised validates what AngelList is doing, letting investors from every corner of the world see what is happening, picking winning companies without having to move to Silicon Valley or other world startup hubs. Investors can pick an investment and do research right from AngelList.

Naval Ravikant, CEO at AngelList, mentions, "One of the advantages of putting your company online is that investors with relevant domain expertise from all over the world can reach you. In this case, a European firm can find and lead an investment in a U.S. company."

"drchrono is a very exciting company to watch in the mobile healthcare space," said Andre Bliznyuk at Runa Capital. "The company's passion toward fixing healthcare and improving the doctor-patient experience, and its use of innovative technology has made us a firm supporter in the company. We are excited to watch drchrono evolve and build an important infrastructure for doctors that will help improve efficiencies in their office and ultimately improve patient care."

Dr. James Rieger, an active physician on the drchrono platform, is also an investor in this recent round. He mentions, "I use drchrono, and it is simply amazing. I wanted to jump into this investment round since I use the medical platform day to day in my practice."

The funding will be used to invest in the healthcare API so drchrono partners can leverage the powerful medical records, practice management and the medical billing platform. The company has 2.6+ million patients and 60,000+ physicians that developers can leverage. More than 480 million dollars per year in medical billing is being processed through the healthcare platform, and drchrono founders say the platform is at critical mass and accelerating.

"After five years it's time to bring drchrono into the infrastructure space, good medical infrastructure is lacking. We are now laying foundation to build out a new healthcare infrastructure," Daniel Kivatinos, COO mentions. "We are creating a new experience for doctors and for patients that just doesn't exist today with a market place for other applications."

"Our goal has always been to fix the existing healthcare system," said Michael Nusimow, cofounder and CEO. "With 2.6 million patients and over 60,000 physicians signed up on the drchrono platform, we have realized that drchrono is more than just 'an app,' and we are committed to ensuring that doctors have an all-inclusive platform to start a practice on, from using point of care tools with patients to processing medical claims."

About drchrono

drchrono focuses on Apple's iPad, iPhone and cloud computing to build a better healthcare experience. They offer a free EHR platform built on the iPad that is Meaningful Use certified. drchrono is also the first iPad EHR to implement real time clinical speech-to-text, patient eligibility checks and iPad based medical billing. drchrono handles everything a doctor needs to run their practice, including 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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Hovhannes Avoyan, CEO of Monitis, Inc., a provider of on-demand systems management and monitoring software to 50,000 users spanning small businesses and Fortune 500 companies, has surpassed 1.5 million page views on the SYS-CON family of online magazines, which includes Cloud Computing Journal, DevOps Journal, Internet of Things Journal, and Big Data Journal. His home page at SYS-CON can be found at Montis.SYS-CON.com
CloudBees, Inc., has announced a $23.5 million financing round, led by longtime CloudBees investor Lightspeed Venture Partners. Existing investors Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated in the round. The latest funding announcement follows earlier rounds of $4 million, $10.5 million and $10.8 million, bringing the total investment in CloudBees to just under $50 million since the company’s inception in 2010. Previous venture investment rounds were led by Ma...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
“The year of the cloud – we have no idea when it's really happening but we think it's happening now. For those technology providers like Zentera that are helping enterprises move to the cloud - it's been fun to watch," noted Mike Loftus, VP Product Management and Marketing at Zentera Systems, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, has been named "Silver Sponsor" of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York, NY. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make sm...
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, will explain the best practices of continuous testing at high scale, which is r...
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
ScriptRock has been included in the list of "Cool Vendors" in the "Cool Vendors in DevOps 2015" report by Gartner, Inc.* ScriptRock provides visibility into the configuration state of an organization's IT environments, enabling the continuous delivery of mission critical services. For enterprises where downtime is not an option, ScriptRock's system-wide overwatch offers the assurance that misconfigurations and anomalies are caught before they affect the business. By satisfying this fundamental ...
“We are a managed services company. We have taken the key aspects of the cloud and the purposed data center and merged the two together and launched the Purposed Cloud about 18–24 months ago," explained Chetan Patwardhan, CEO of Stratogent, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today Arista Networks will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Arista Networks was founded to deliver software-driven cloud networking solutions for large data center and computing environments. Arista’s award-winning 10/40/100GbE switches redefine scalability, robustness, and price-performance, with over 3,000 customers and more than three million cloud networking ports depl...
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The DevOps Institute (DOI) launched on Monday with the mission of serving as the premier source for aligning industry standard quality DevOps training and examination services for enterprise IT. The Institute is led by a Board of Regents who will oversee DOI’s offerings in an effort to codify and promote DevOps’ best practices and standards that enable enterprise IT to deliver more value faster to their customers. The initial Board of Regents includes Gene Kim, Lori MacVittie, Sanjeev Sharma, ...