The company intends to use the capital to increase its sales, marketing and client services efforts within the pharmaceutical industry, with health plans and health systems, as well as supporting its Physician Alignment and Collaboration Suite (QPAC) for the payer and provider markets.
Led by CEO Eric Schultz and President Mike Coyne, QuantiaMD provides physicians with a fully mobile large online community and collaboration platform. It enables physicians to share real-life experiences from clinical practice nationwide, so they can rapidly adapt to changes and apply the latest medical thinking to their practices.
It is used by 160,000 registered and validated physicians.
Clients include nine of the top 12 pharmaceutical companies in the world.