MD Insider has secured $12m in a series B round led by Summation Health Ventures, the venture capital fund formed by healthcare systems Cedars-Sinai and MemorialCare, according to L.A. Biz.
The round also included private investors Jason Ader, Gary Winnick, Tim Ferriss and Michael Fertik, all of which contributed to MD Insider’s $9.5m series A round in April this year. The company has raised more than $23m in overall funding.
MD Insider operates a big data platform that tracks and analyses the performance of individual physicians. It has processed health records covering more than 250 million patients, 850,000 doctors and 6,000 hospitals.
The funding will support the growth of MD Insider’s data platform, as well as operations, sales and marketing.
Darren Dworkin, chief information officer of Cedars-Sinai, and Brant Heise, Summation Health Ventures’ senior managing director, have joined the company’s board of directors in conjunction with the round.