Censinet, a Boston, MA-based the third-party risk management company for healthcare providers, raised $7.8m in Series A funding.
The round was co-led by HLM Venture Partners and Cedars-Sinai Health System with participation from seed investors Schooner Capital, LRVHealth and Excelerate Health Ventures. As part of the investment, Vin Fabiani, Partner at HLM Venture Partners, will join the company’s board of directors.
The company intends to use the funds to:
– build out its platform’s vendor risk management capabilities,
– scale its go-to-market team, and
– accelerate adoption of the Censinet Platform by healthcare providers and their vendors.
Led by Ed Gaudet, CEO and Founder, Censinet has also announced the launch of its third-party risk management platform built for healthcare providers to manage the threats to patient care that exist within an expanding ecosystem of vendors.
With its Censinet One-click Assessment™ capabilities and Digital Vendor Catalog™, the platform reduces the time to assess vendor risk to seconds, while automating workflows and providing continuous real-time insights into the changing risk profile of each vendor.