MD Insider, a Santa Monica, CA-based big data healthcare platform, raised $9.5m in Series A funding.
The round was led by Jason Ader, with participation from Tim Ferriss and Bill Ackman.
The company intends to use the funds to accelerate its expansion and to continue to grow its pool of proprietary data.
Led by David Norris, CEO, MD Insider, and Jason Ader, Executive Chairman, MD Insider uses big data to provide a platform allow employers to optimize their physician networks in the areas of experience, quality, and cost. The system enables employees to know doctors with the best performance for a particular situation while providing different care options based on the relationship betwwen cost and quality on the long run.