Binary Fountain, a McLean, VA-based provider of health care reputation management and patient experience analytics, closed a $16m Series A round of financing.
The round was led by HLM Venture Partners (HLM) with participation from previous investors Providence Health & Services and Pioneer Venture Partners.
The company intends to use the funds to expand its team and to further develop feature sets.
Led by Ramu Potarazu, CEO, Binary Fountain provides cloud-based patient feedback management platform for healthcare. Built around a proprietary healthcare-centric Natural Language Processing engine that mines patient feedback from surveys, online ratings and review sites, social media, and other data sources, the company’s platform equips customers with actionable insights needed to improve patient satisfaction and loyalty, increase engagement and drive sustainable results.