US-based electronic health record (EHR) analysis software developer Arcadia Healthcare Solutions has secured $13m from investors including Zaffre Investments, the venture capital arm of insurer Blue Cross Blue Shield of Massachusetts.
Healthcare-focused private equity firm Peloton Equity and unnamed existing investors also participated in the round.
Founded in 2002, Arcadia has built an aggregation and analytics platform for EHRs that serves large-scale care providers, health plans and integrated healthcare delivery networks.
Steve Agular, managing director of Zaffre Investments, said: “The Arcadia investment aligns well with Zaffre’s focus on investing in the future of quality healthcare.
“We understand the opportunity in using high-quality EHR data to transform healthcare and believe that Arcadia is uniquely positioned to help health plans and providers in achieving that goal.”