QPID Inc., a Boston, MA-based provider of health record acceleration and intelligence solutions, closed $4m in funding.
Backers included Matrix Partners, Partners Innovation Fund, Massachusetts General Physicians Organization (MGPO) and Cardinal Partners.
The company intends to use the capital to hire new people to accelerate product innovation, marketing and sales, and expand into the commercial market.
In conjunction with the investment, Brandon Hull, Managing General Partner at Cardinal Partners, will join QPID’s Board of Directors.
Led by Mike Doyle, President and CEO, QPID is an intelligence system for EHRs — permitting creation of clinician-directed queries, analytics and reporting abilities in real time. It allows physicians, nurses, administrative staff, physician’’s assistants, etc., to extract data entered into any EHR, and presents information in an actionable format.
More than 5,000 health care professionals already use QPID.