Halfpenny Technologies, Secures $2.6M in Venture Capital Funding

Halfpenny Technologies, Inc., a Blue Bell, PA-based provider of clinical data integration solutions specializing in laboratory, pathology and physician electronic medical record (EMR) system interoperability, has secured $2.6m in venture capital funding.
The round was co-led by Pennsylvania-based Osage Venture Partners and New York-based Milestone Venture Partners. LORE Associates, a Philadelphia-based angel group also participated in the round.
As stated by Jerry Baker, CEO of Halfpenny Technologies, “With this financing, the company is well-positioned to deliver its Lab Hub platform to meet the increasing demand for products that support Laboratory Outreach, Health Information Exchange (HIE) and Regional Extension Center (REC) initiatives”.
The Lab Hub platform enables computerized order entry (CPOE) and results reporting interfaces between hospitals, laboratories and physician EMR systems. It also fulfills downstream requirements for viewing normalized, LOINC-mapped (Logical Observation Identifiers, Names and Codes) data for chronic disease management and other population health management goals.
The company also offers a Web-based portal that enables physicians to order laboratory procedures and review results through a standard Web browser. The company’s mobile results reporting solution is enabling hospitals and labs to provide physicians with value alerts and results reporting on smart phones such as the Apple iPhone, Motorola Droid and Blackberry Torch.

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