BlueStrata, a St. Louis-based SaaS model electronic health record system designed and tailored for the long-term care market, raised $1.66M in funding.
The round was led by Cultivation Capital, which made a $500k investment.
The company BlueStrata plans to use the funds for executing a strategic vision and plan for growth, which includes sales expansion, marketing, partnerships and current implementation of SaaS solution.
BlueStrata, a company, is well positioned to compete with the largest providers in the fast paced field of HealthIT. When implementing their solution, a focus on understanding the customer’s needs and working to fully implement their product faster than others, has allowed them to differentiate their approach. Since its inception in 2012, the company has been building a base of business in the Midwest and is now working to expand its geographic reach. Bill Schmidt, Managing Partner of Cultivation Capital Life Sciences fund will be joining the board as part of the investment.
Led by Tony Coco, President, BlueStrata is a SaaS model electronic health record system designed and tailored specifically for the needs of the long-term care market. Its implementation process incorporates the customer’s work-flow into the training program and allows users to adapt, integrating the full EHR solution throughout the organization.
The system provides secure and HIPAA compliant storage of resident health records.
FinSMEs
24/08/2015