EHR data aggregation/analytics and consulting firm Arcadia Healthcare Solutions announced this week, it has raised $13M in funding led by private equity firm Peloton Equity with participation by existing investors and Zaffre Investments, a subsidiary of Blue Cross Blue Shield of Massachusetts. The capital will be used to develop its data aggregation and analytics platform, accelerate sales and marketing, and make new key hires at the executive level.
Founded in 2002, the Burlington, MA-based company helps ambulatory networks affiliated with large payer and provider organizations, including health plans, accountable care organizations, integrated delivery networks, and large physician groups maximize their value from fragmented provider networks through:
– EHR Consulting/Outsourcing which includes hosting, a local call center, field support, implementations, and optimizations.
– Data Integration & Population Analytics that provides the technology to connect to different data sources, aggregate the data centrally, and provide standard reports and measures for care management, care gap, registry and cost management.
– Practice Transformation & Coaching featuring trained clinicians and practice coaches assess practice health, provide structured change processes, support workflow changes, and care team re-design.
Arcadia plans to hire between 50 to 100 people this year.