PurpleLab, a Furlang, PA-based healthcare data and analytics platform, raised $3m in growth financing.
Edison Partners made the investment.
The company will use the capital to further scale its technology and accelerate our sales and marketing efforts.
Led by Mark Brosso, founder and CEO, PurpleLab leverages its cloud-based provider analytics platform to allow health plans, healthcare providers, as well as life science organizations to model and measure episodes of care. The company utilizes a self-service model and medical and prescription claims data to produce objective, quantitative, and predictive performance measures for 1.8 million healthcare providers across the nation.
The platform features on-demand, subscription-based access to customizable query and report templates all designed to profile and rank providers based on their quantitative performance metrics.