OptioSurgical, Inc., a Denver, CO-based analytics software company for hospitals and surgery centers to reduce medical device costs, closed a $3.3m funding round.
The round was led by Next Frontier Capital.
The company intends to use the funds for continued growth of its platform and expand into other specialties such as spine and cardiovascular.
Founded in 2017 by Ryan Mughal, CEO, OptioSurgical provides software that empowers supply chain and clinicians with key insights to make more intelligent decisions. The platform analyzes devices used, ranks surgeons by procedure, alerts on over-charging or mistaken charges, and automatically predicts savings opportunities.
The company is currently focused on the $50 billion orthopedic device market and will continue to expand its product offering in 2019 to serve ambulatory surgery centers and hospitals.