Vālant Medical Solutions, Inc., a Seattle, WA-based provider of cloud-based, electronic health records (EHR) and e-billing software for behavioral health practices, received $11m in private equity investment.
Backers remained undisclosed.
The company will use the proceeds to fund future growth in the behavioral health market segment and to broaden its EHR and e-Billing suite capabilities for Public Behavioral Health practices. It will be doubling its development staff and hiring in all departments through the end of 2014.
Founded in 2005 by Dr. David Lischner, MD, CEO, and also led by Ryan Donahue, vice president of engineering and product development, Vālant provides a SaaS electronic health records (EHR) and electronic billing suite for psychiatrists, therapists, and behavioral health professionals. Its 6.0 platform includes a secure EHR system, e-Billing, Patient Portal, Mobile Notes, along with customizable charting, scheduling, and e-prescribing options.
It currently supports 5,000 users in private practice across the U.S., including six public behavioral health practices.
Read the interview with CEO David Lischner here.
FinSMEs
16/07/2014