QPID Health, an electronic health records spinout from Massachusetts General Hospital, has received a $12.3 million investment from New Leaf Venture Partners.
Launched last February, the Boston-based startup completed it’s Series A funding in March 2013, which came from Cardinal Partners, Matrix Partners, the Massachusetts General Physicians Organization and Partners Innovation Fund. Today’s Series B funding was supported by all previous investors and led by New York City-based New Leaf.
The company said it will use the investment to accelerate the growth of the company and support wider use of its software, which is designed to work with other EHR programs. The company said that over the course of last year, its first year of commercial operation, it ended the year with 4,000 active clinical users, and grew by another 1,000 in the first quarter of 2014.
“We are seeing high demand for the QPID solution because it provides a truly clinician-friendly interface that is built on the rich data in EHRs but is presented in a way that makes sense to users and eliminates the noise,” said QPID Health CEO Mike Doyle. Doyle was previously CEO, chairman and president of San Deigo, Calif.-based Medsphere Systems Corp. and worked in several tech and health care-related firms.
In conjunction with the funding announcement, New Leaf’s Managing Director Philippe Chambon has joined QPID’s board of directors.
