Cloud-based peri-operative medical software provider One Medical Passport, Inc. has closed a $4 million in Series A funding from FCA Venture Partners, a Nashville-based venture capital firm focused on healthcare IT. Founded in 2000 by Stephen Punzak, MD, an anesthesiologist, helps ASCs, hospitals and physician offices work more efficiently while simultaneously improving patient care and increasing patient satisfaction. The company hopes to change the way patients prepare for and recover from surgery by greatly improving communication amongst patients, medical facilities, and physicians and by delivering interactive care plans that are individualized for each specific patient.
One Medical Passport’s online software is currently used by over two million patients and 700 medical facilities annually throughout the U.S., and its customers include many of the top healthcare management companies. One Medical Passport works with a facility’s current workflows and enhances the capabilities of existing information systems while generating an immediate and significant ROI.
The capital will be used to accelerate the company’s aggressive growth plans as it continues to build out its cutting-edge software suite and finishes development of its comprehensive patient engagement solution.
“I am excited by the opportunities that this infusion of capital brings to One Medical Passport,” said Dr. Punzak, CEO of One Medical Passport in a statement. “Being self-funded until this point was a good discipline for us; it taught us to live within our means, prioritize what we were doing, and focus on flawless execution. However, during this past year, we sensed that the market and our company were at a very unique inflection point and that a small amount of outside capital would have a dramatic effect on our company and on our ability to bring our solutions to a much broader market. After discussions with several VC firms, FCA was the clear choice for us. We liked the fact that FCA was really in tune with the healthcare IT market, that the principals were hands-on, and that they truly understood the potential for our software and our company.”