The Holy Grail for the technology companies working in the healthcare industry is becoming the gateway for every healthcare data. Big legacy providers such as Cerner and Epic are trying to reach to the hospital networks to hoover up all their data. Besides, Google is too interested in it. Along with Google, Salesforce is also showing its interest. Everyone wants to become the resource that organized the San-Francisco based startup named Innovaccer that has raised to $70 million in newer financing to finance the mission.
This newer investment from the firms including the Steeadview Capital, Dragoneer, Tiger Global, Mubadala Capital (an AbuDhabi investment firm), Westbridge Capital, as well as M21 – Microsoft’s corporate investment arm, are regarded as deep-pocketed investors who don’t have any objection on money, But, Innovaccer has exhibited a fair bit of traction among the health systems and hospitals with the data analysis as well as management platform.
Since the beginning of 2014, the Innovaccer has provided single source or healthcare information for 3.8 million patients over $400 million.
The co-founder and chief executive of Innovaccer named Abhinav Shashank, in a statement, said that healthcare needed a lot of effort and worked to be patient-centered and connected by arranging information and making that more accessible. That was quite important to make patient data seamlessly available to every provider with the patient’s care. They had been fortunate to work together with transformational healthcare initiatives that their impressive customers were engaged in. The vision of aiding healthcare work as one needed a connected and open technology framework. They were excited to become at the forefront of giving the tech platform for their customers to drive the change.