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What does Procured Health do?
Procured Health, is a provider of data driven technologies which improve patient care and removes wasteful spending. The company is a health technology platform, which offers web based products for hospitals for reducing costs and improving product evaluation processes. The company offers technologies which drive the necessary savings in hospital for reducing costs and improving the processes of product evaluation. The company’s solution suite includes 3 web based products EvaluationPRO; workflow solution developed specifically for the hospital purchasing processes, IntelligencePRO; a comprehensive database of market and clinical info for med devices, which enables value driven decision making and PipelnePRO; a savings discovery BI which leverages data science techniques for helping healthcare providers proactively identifying optimization chances.
How much Procured Health was funded?
The company raised $10M in Series B on June 14, 2016 from Health Insight Capital and Heritage Group.
Previous funding
1.1M on August 3, 2012 from Bessemer Venture Partners, Blueprint Health, Zimmerman Ventures, Carl Byers, F-Prime Capital Partners and Silicon Badia.
$4M in Series A on March 20, 2014 from FCA Venture Partners and Jump Capital
What is next for Procured Health?
Procured Health is planning to expand its reach and the new funding round will help the company in advancing its solutions an continue innovation at a rapid speed.
More about Procured Health
Procured Health was founded by Eric Meizlish, William Danford and Hani Elias. It has its headquarters in Chicago, IL. The company is handling the healthcare cost crisis by taking a patient centered and evidence based approach. The company is the lead provider of tech and data driven solutions which support better and smart healthcare, from operation room to the negotiation table. This company impacts all aspects of clinical management spending which includes opportunity detection, clinical decision making, utilization, contracting etc.
