US-based healthcare IT company Par8o has secured $10.5m in a series A round backed by healthcare provider Allscripts, BostInno reported yesterday.
CHV Capital, investing on behalf of Indiana University Health, a non-profit organisation made up of more than 20 hospitals, also participated in the round, as did Atlas Venture and Founder Collective.
Par8o has developed a cloud-based platform that can track patients and coordinate care provision throughout the healthcare system.
The company has not disclosed how it will invest the funding, but it plans to expand its operations from large enterprises to metropolitan and regional-level use in the year ahead.
Daniel Palestrant, chief executive and co-founder of Par8o, said: “Par8o is working to bridge the problematic gaps in electronic medical record technology, facilitate better information sharing, and ease office workflows so that physicians have a smarter way to match patients to the right next step in their care.”