QualMetrix Raises $5M

MIAMI, Fla., June 10 — QualMetrix, Inc., an emerging leader in Software as a Service (SaaS) analytics, focused on solutions for healthcare payors and providers, announced today it has closed a $5 million Series B round led by Terence M. Breslin bringing the total funding of the company to $9.3M. The funding will support the company’s accelerated go-to-market strategy and further expansion in the healthcare analytics market.

“We are excited about our series B financing,” said Dr. Larry Schimmel, Chairman of QualMetrix. “The payor and provider market segments using our powerful SaaS-based platform have shown tremendous interest and continue to adopt our approach of addressing the multifaceted problems in the healthcare analytics space, specifically, problems associated with cost and utilization, population health and quality.”

“The analytics market in healthcare IT is ready for disruption,” says Breslin, “solutions in the space are resource intensive, inflexible and often substantially lagging the real time of occurrence. Mid- and lower tier payors/providers often lack any solutions at all. Dr. Schimmel and his team have established an innovative technology position and their rapid market growth is validating a growing market need.”

To demo the QualMetrix Platform please visit www.qualmetrix.com.

About QualMetrix

QualMetrix delivers high value healthcare analytics, actionable insights and innovative reporting to payors, providers and employers. Built by medical directors for medical directors, QualMetrix delivers the answers healthcare leaders need to drive improvements in quality, cost and performance – so they can do better with less.

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Source: QualMetrix