Burlington-based Arcadia Healthcare Solutions has raised $30 million in capital growth from the Merck Global Health Innovation Fund, GE Ventures, and existing investors Peloton Equity, Zaffre Investments, and Morgan Stanley Alternative Investment Partners. The EHR data aggregation/analytics company will utilize the funding to to accelerate its robust product development plans in the core Arcadia Analytics platform and expand population heath management market activities.
Founded in 2002, the Burlington, MA-based company specializes in integration of data from over 30 EHR vendors, enriching it with claims and operational data, and using that data to drive improvements in patient care quality, practice efficiency, and financial performance.
Arcadia supports ambulatory networks, health plans, accountable care organizations, integrated delivery networks, and large independent physician groups with the benchmark data, insights, and outsourced services to successfully drive value-based performance management programs.
While the company will continue to focus on organic growth, Arcadia has made two successful acquisitions since its founding—Concordant, an EHR support services company in 2011 and Sage Technologies, a managed care services company in 2015.