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Health care API provider Health Gorilla today announced it has raised $15 million in a series B round co-led by IA Capital and Nationwide. The firm says it plans to use the funds to accelerate its expansion into new enterprise verticals which includes insurance coverage, life sciences, and government organizations and to introduce new APIs for health-related records access, payer-to-payer information sharing, and information good quality assessments.
In October 2019, the U.S. 21st Century Cures Act came into force. Signed into law in December 2016, the legislation was intended to drive innovation by requiring that patients be supplied access to their data. But opening up electronic well being records does not make the information inside them standardized some authorities estimate that as a lot of as half of records are mismatched when information is transferred in between well being care systems. Tellingly, in a 2018 survey by Stanford Medicine in California, 59% of clinicians mentioned they felt that their electronic health-related records (EMRs) systems necessary a comprehensive overhaul.
Founded in 2014 by Steve Yaskin, Andrei Zudin, and former Stanford Healthcare enterprise improvement executive Sergio Wagner and headquartered in Sunnyvale, California, Health Gorilla, which was initially founded as a marketplace for labs, aims to provide a safe and interoperable solution that enables payers, providers, and digital well being options to share well being information and aggregate every single patient’s clinical history in one spot. With a mixture of clinical information APIs, HIPAA-compliant user authentication, and a master patient index, Health Gorilla ostensibly tends to make it much easier for providers to pull their patient’s data from clinical records method.
Health Gorilla integrates with diagnostic vendors and gives a sandbox in which engineers can code and deploy their personal frontends, apps, and workflows powered by the company’s platform. Health Gorilla gives APIs that let shoppers retrieve records for public well being purposes and electronic case reporting as effectively as accept orders and transmit outcomes electronically with providers and developers. The company’s platform can also facilitate collecting health-related records to energy danger assessment and records consolidation for ordering labs electronically.
Health Gorilla is not the only well being API provider in town. Another is Human API, which raised $20 million in October to additional create its health-related records standardization platform. But Health Gorilla claims that its analytics tools set it apart. The firm powers visualizations and reporting on information retrieved via its platform or ingested from a database, enabling shoppers to obtain population-level trends and relationships in addition to clinical information anomalies. Data scientists can centralize test outcomes from several labs to assess the good quality of these records in genuine time, according to cofounder and chief approach officer Sergio Wagner., drawing on a network of more than 65,000 care internet sites.
“We use AI to power our master patient index, which matches clinical documents from disparate sources, like different electronic medical records or lab systems, to a single person. This essentially acts as a massive patient registry database, giving health care organizations a comprehensive view of their patient’s data,” Wagner told VentureBeat by means of e mail. “Our AI automatically identifies key demographic information in each document ingested, removes duplicate data, and normalizes the data, which health care developers can then integrate into their own workflows. As we process more clinical documentation, our AI performs patient matching tasks at a much higher rate of accuracy than was ever previously possible.”
Companies applying Health Gorilla’s analytics tools consist of Oscar, Virta, Heal, Dr. Chrono, and K Health, amongst other individuals.
“The pandemic caused many digital health companies to rapidly scale their telemedicine efforts, which in turn, resulted in rapid growth of our APIs. Many telemedicine companies like Heal, K health, and Virta Health use our APIs to retrieve data so their providers can treat patients in the context of their medical history,” Wagner continued. “As more healthcare providers treat patients through telemedicine platforms (instead of commercial EMRs), they rely on our APIs to retrieve medical records and lab data from a vast network of EMRs.”
Aflac Ventures, Epsilon Health Investors, and current investors which includes True Ventures also participated in 43-employee Health Gorilla’s most up-to-date funding round. To date, the firm has raised practically $30 million following a $8.2 million series A round in January 2018.