August 5, 2021 (Newswire.com) –
Smile CDR Inc. (Smile CDR), a number one well being information storage and integration firm, in the present day introduced the closing of $20 million in Sequence A development capital led by 30 North Group, a Seattle-based household workplace, and UPMC Enterprises. Smile CDR gives a set of companies that enable well being programs, payers and hospitals to satisfy U.S. well being info interoperability requirements quickly and securely. Smile CDR’s information and integration platform features a full scientific information repository (CDR) constructed across the Well being Stage Seven (HL7®) Quick Healthcare Interoperability Sources (FHIR®) normal used for storing well being data and helps all FHIR Sources.
“Smile CDR has seen vital development in our core scientific information repository providing across the FHIR normal up to now yr and in the present day we companion with a number of the largest well being programs and insurers in North America,” stated Duncan Weatherston, Chief Government Officer at Smile CDR. “We’ve a daring imaginative and prescient for the way forward for healthcare and this new spherical of funding will enable us to discover new improvements that may proceed so as to add worth, enhance care and lower your expenses.”
Smile CDR is dedicated to the thought of a standardized and safe “Web of Well being” that permits well being info to be shared from supplier to supplier and supplier to sufferers, a lot in the identical method that web connection protocols created the flexibility for computer systems and servers to work collectively and talk seamlessly and securely. The corporate will use this spherical of funding to drive a change in how healthcare info is created, saved and shared, shifting past its core FHIR-based providing.
“Up till this level, we have succeeded by focusing our experience on creating groundbreaking merchandise that assist payers and suppliers obtain profitable interoperability of well being info,” stated Weatherston. “The broad and profitable transfer in direction of interoperability has created new alternatives for innovation that merely did not exist in a system the place info was not securely linked or transportable. We now have the flexibility to construct on that progress to create new merchandise that transfer past interoperability and produce much more worth to the market.”
In 2020, the U.S. Facilities for Medicare and Medicaid Providers (CMS) issued a Ultimate Rule stating that well being plans will need to have a affected person entry software programming interface (API) by July 1, 2021, to offer sufferers user-friendly entry to their data anytime they want it. Earlier this summer season, Smile CDR grew to become the primary firm to obtain the Drummond Group Payer and Affected person Entry FHIR API Certification, validating Smile CDR’s platform as absolutely compliant with the HL7 U.S. Drug Formulary FHIR Implementation Information referenced within the Affected person Entry API necessities of the CMS Ultimate Rule.
“The digitization and interoperability of healthcare are completely vital to have the ability to present high-quality care to sufferers and members, and Smile CDR has demonstrated validity and success within the digital high quality area with one in all our portfolio firms, Astrata, Inc.,” stated Brent Burns, Government Vice President at UPMC Enterprises. “Smile CDR’s future imaginative and prescient aligns completely with our core precept of making healthcare improvements that considerably influence the lives of sufferers.”
Since 2019, Smile CDR has seen speedy development with a 400% year-over-year worker development fee fueled organically by revenues from the corporate’s core FHIR providing. The corporate companions with greater than 23 payers throughout the U.S., together with three of the ten largest insurers and well being plans, along with clients in additional than 15 international locations throughout the Americas, EMEA and APAC.
Smile CDR’s authorized advisors at the side of this financing have been Davies Ward Phillips & Vineberg LLP.
About Smile CDR
Smile CDR is a well being expertise firm that reduces boundaries between info and care for many who devour or present healthcare companies with advanced info programs. We’re on a mission to make it simpler for well being organizations of all sizes to achieve management of their information and ship interoperable purposes rapidly. Our information and integration platform features a full scientific information repository constructed across the HL7® FHIR® normal used for storing well being data and helps all FHIR Sources. As a strategic companion, our merchandise, skilled companies, and business assist give organizations the sting they should allow interoperability inside their well being programs utilizing a standards-based resolution that leverages probably the most confirmed FHIR implementation on the planet. For extra info go to: www.smilecdr.com.
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Supply: Smile CDR Inc.