Vālant Medical Solutions, Inc., provider of cloud-based, electronic health records (EHR) and e-billing software for behavioral health practices, today announced that it has received an additional $11 Million in private equity investment which will enable Vālant to fund future growth in the behavioral health market segment and to broaden its EHR and e-Billing suite capabilities for Public Behavioral Health practices.
“This investment validates our vision of transforming the quality of behavioral health services through clinician-focused software tools,” said David Lischner, MD, CEO and founder of Vālant. “As we look towards future growth, this additional funding better positions Vālant to help behavioral health practitioners objectively evaluate the results of their treatments with the goal of providing a higher quality-of-care for their patients.”
Vālant has been the leading EHR vendor for private behavioral health practices since 2012 and currently supports 5,000 users in private practice across the U.S., including six public behavioral health practices that have chosen Vālant because of its clinician focused tools.
“Since our founding in 2005 Vālant’s EHR has been very well received by providers in a private, ambulatory care setting,” explains Ryan Donahue, vice president of engineering and product development. “This investment enables us to speed up the development of key features that providers in public behavioral health settings require to comply with their local and state reporting requirements.”
Vālant will utilize the funding to double its development staff and hiring in all departments through the end of 2014.
