Medical decision support company medCPU has raised $35 million led by UPMC with previous investor Merck Global Health Innovation Fund also participating in this round. This is the largest financing round closed by an Israeli medical startup this year.
medCPU was founded in 2008 by president Sonia Ben-Yehuda and CEO Eyal Ephrat. With offices in New York and Tel Aviv, the medical decision support company develops and markets medCPU Advisor, an intelligent decision support solution that uses precise technology, extensive content, and robust services to deliver real-time alerts that improve quality, safety, efficiency, and costs. The medCPU Advisor technology addresses healthcare IT challenges of interoperability, capturing relevant patient information including free text, structured data and dictation, in real-time, to enable the delivery of actionable insights at the point of care.
Ben-Yehuda said, “We are excited to have UPMC as a majority partner and investor. Having access to the clinical, technological and operational expertise of one of the country’s leading integrated health care providers and insurance systems will enable medCPU to rapidly expand our current capabilities and leverage our technology to greatly impact an industry that is moving quickly to value-based care.”
Ephrat said, “Our solution provides precise, real-time decision support prompts to clinicians without interrupting their workflow.”
“Our partnership with medCPU will provide UPMC with technology and solutions that will be immediately valuable to our clinicians and patients. Longer term, this powerful technology will enable the development of other data-dependent applications in such critical areas as care management, population health and consumer engagement,” said Tal Heppenstall, president of UPMC Enterprises, the commercialization arm of UPMC which led this investment. “medCPU is a perfect example of the kind of technological innovation nurtured by UPMC Enterprises to help us transform the delivery of care, not only at UPMC but around the world.”
medCPU, which already counts more than 60 hospital facilities among its clients, is opening a Pittsburgh office, where it will hire more than 20 engineers and other staff to work with UPMC to co-develop additional products and to enhance its existing solutions.
medCPU’s solution makes it possible to combine rich, highly accurate information with extensive clinical best-practice content and services resulting in reduced “alert fatigue” and improved response rates, thus avoiding clinical errors and reducing costs.
Published by Globes [online], Israel business news - www.globes-online.com - on February 29, 2016
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