PatientKeeper Completes Series D Financing Round;
Adds New Staff and Expands Operations
Healthcare Software Provider Appoints Feldman Vice President Engineering
BOSTON, Mass. June 8, 2004 – PatientKeeper®, a leading provider of mobile computing solutions for healthcare, t oday announced that it has completed a $7 million round of funding.
The round was led by a syndicate of prestigious venture firms including Whitney & Co., New Enterprise Associates, Frazier Healthcare, Mediphase Venture Partners, Mosaix Ventures, and Pacific Venture Group. The money will be used to meet growing product demand and to extend the company's leadership in mobile computing solutions for hospitals and healthcare.
“PatientKeeper has established itself as the leading mobile healthcare company in a market with enormous potential,” said Steve Rogers, partner of Whitney & Co. and a member of the PatientKeeper Board of Directors. “The healthcare market is strong and growing. The Board is whole-heartedly behind the PatientKeeper management team as they guide the company into its next phase of growth.”
The company also said it plans to add more staff in the next several months and expects to increase headcount by 50% by the end of the year to support its rapidly growing customer base. The company has recently added customers across the healthcare continuum ranging from health systems to large academic medical centers to community hospitals to group practices. Adventist Health System, Berkshire Health Systems, Clinical Practice Management Plan (CPMP) Stony Brook, Digestive Health Systems, Halifax Fish Community Health Systems, Sinai Medical Group Chicago, and The University of Kansas Hospital are among many recent contracts.
“PatientKeeper has entered a new phase of growth and expansion,” said Paul W. Brient, the company’s chief executive officer. “The healthcare market has strengthened and is focused on technologies that improve productivity and performance. Our client base has doubled since September largely driven by our clients’ desire for an integrated system that brings together clinical results, charge capture, electronic prescribing, mobile dictation, and more across an entire hospital or health system.”
The PatientKeeper product line provides doctors and other medical professionals with a portfolio of mobile applications that integrate with existing healthcare information systems. The handheld solutions allow doctors to interactively manage patient information, view clinical results, enter diagnoses and billing information, dictate notes, and write prescriptions. PatientKeeper Clinical ResultsTM and PatientKeeper Charge CaptureTM applications continue to be the mainstay of the company’s software offerings for healthcare. PatientKeeper Mobile DictationTM, PatientKeeper ePrescriptionTM (Powered by DrFirst), and other PatientKeeper applications are attracting new customers and existing customers looking to upgrade.
PatientKeeper Appoints David Feldman Vice President of Engineering
PatientKeeper is pleased to announce the appointment of 14-year high-tech veteran David N. Feldman as vice president of engineering. Feldman comes to PatientKeeper from Viewpoint Corporation, where, as executive vice president, he led the firm’s imaging technology from concept to adoption by Microsoft, Intel, Adobe, AOL, and others. Feldman helped build annual revenues from zero to $18 million.
“We have made a major step forward in our product development leadership with David's arrival,” said Brient. “He brings solid technical background to PatientKeeper and adds depth to our capability in strategy and business development, too. We look forward to his contributions as we expand the business of mobile computing.”
Prior to Viewpoint, Feldman was a founding director of Specular International. He held positions including chief strategist, software engineer, acting CFO, and director of research and development. He forged strategic relationships with Adobe, Apple, and Avid Technology. Feldman began his technology career at Apple Computer as the primary product engineer on the File Manager for Apple System 7.
Dave Feldman holds a B.A. in Computer Science from Dartmouth College and received his MBA, with distinction, from Harvard University Graduate School of Business Administration.
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About PatientKeeper
PatientKeeper®, Inc. provides healthcare professionals with mobile computing solutions that deliver clinical and financial benefits. The PatientKeeper Platform™ easily integrates with existing information systems. PatientKeeper and its partners have created a portfolio of applications that allow doctors to interactively manage patient information, view clinical results, enter charges, dictate notes, write prescriptions, and more. For more information, visit www.patientkeeper.com or call 617-987-0300.
Company Contact:
Stephen S. Hau, PatientKeeper
shau@patientkeeper.com, (617) 987-0304
For Media Inquiries:
Christina Guilbert, aMate Communications
christina@amatecommunications.com, (781) 759-0015
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