• Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle
  • Digital Health
    • Artificial Intelligence
    • Blockchain
    • Mobile Health
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
    • Mergers & Acquisitions
  • Value-based Care
    • ACO

Healthcare Blockchain Startup BurstIQ Secures $5M Investment

by Fred Pennic 02/23/2018 Leave a Comment

Share with your friends










Submit

Unified Signal, BurstIQ Expands Partnership to Offer Blockchain-based Health Data Management Layer

BurstIQ, Inc., a healthcare blockchain data company, announced it has secure a $5 million investment from  Millennium Blockchain  marking it the first of BurstIQ’s $20M private placement offering. The company initiated its private placement offering at the 2018 World Economic Forum (DAVOS 2018) in Davos, Switzerland, and expects to complete the offering by March 31, 2018.

Millennium Blockchain is a specialty diversified holding company focused on next-generation blockchain use-cases and revenue-positive emerging growth companies. mBlockchain’s decision to invest in BurstIQ comes on the heels of BurstIQ’s successful 2017 fiscal year-end, the 2018 revenue pipeline and its enterprise-level healthcare blockchain deployment partnership with Empiric Health for Intermountain Healthcare.  The Utah-based healthcare giant has already realized more than $90 million in savings using the Empiric technology (formerly known as ProComp) to identify operational efficiencies across the Intermountain Healthcare system.

RELATED:   Why HCAPHS Is Archaic In Healthcare Today

This partnership, along with several additional partnerships that have yet to be announced, position BurstIQ as one of the only revenue-generating and profitable emerging growth companies in the blockchain industry.

BurstIQ’s proprietary blockchain-based big data platform enables Empiric to securely manage customers’ data at scale and perform advanced analytics using the platform’s machine learning and collaborative intelligence capabilities. Moreover, this marks the first-time healthcare data and records have been stored and managed on blockchain, making BurstIQ’s proprietary blockchain platform the industry’s leading HIPAA-compliant secure data platform. The BurstIQ platform and Ecosystem work together to improve the advanced security of big health data, increase health access and personal empowerment, reduce healthcare costs, and enable new insights and care models.

“We are thrilled to be working with the dynamic team at Millennium Blockchain. We’re honored to have a strategic blockchain investor such as Millennium Blockchain on our cap-table to help support us during this growth period,” said Frank Ricotta, CEO of BurstIQ in a statement.

Tagged With: BurstIQ, Empiric Health, Healthcare Blockchain, healthcare blockchain companies, Healthcare Blockchain Data Record, Intermountain Healthcare

Share with your friends










Submit

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

« Adventist Health System Forms First Accountable Care Organization
Sequoia Project eHealth Exchange, DSS Launch Health Data Sharing Pilot »

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Recent Articles

  • Blue Cross Becomes First Health Plan to Offer Direct Integration with PillPack

    Blue Cross Becomes First Health Plan to Offer Direct Integration with PillPack

    -... more
  • Bridge Connector Raises $20M to Solve Health IT Interoperability Challenges

    Bridge Connector Raises Additional $5M for No Code, Health Integration Platform

    -... more
  • ESO Acquires Trauma Registry Software Clinical Data Management

    ESO Acquires Trauma Registry Software Clinical Data Management

    -... more

Most Read

  • Healthcare Breach Report 2016 6 Ways Health Informatics Is Transforming Health Care
  • Blue Cross Becomes First Health Plan to Offer Direct Integration with PillPack Blue Cross Becomes First Health Plan to Offer Direct Integration with PillPack
  • ESO Acquires Trauma Registry Software Clinical Data Management ESO Acquires Trauma Registry Software Clinical Data Management
  • Top 10 Challenges, Issues and Opportunities for Healthcare Executives in 2019 Top 10 Challenges, Issues and Opportunities Healthcare Executives Will Face in 2020
  • State of Patient Access and Engagement The State of Patient Access and Engagement: Consumer Demand Versus Reality
  • Bridge Connector Raises $20M to Solve Health IT Interoperability Challenges Bridge Connector Raises Additional $5M for No Code, Health Integration Platform
  • Analysis: November 2019 Health IT M&A Activity, Public Company Performance Analysis: November 2019 Health IT M&A Activity, Public Company Performance
  • Biotia Raises $2.4M for AI-Powered Precision Infectious Disease Detection & Diagnosis Biotia Raises $2.4M for AI-Powered Precision Infectious Disease Detection & Diagnosis
  • InSight Telepsychiatry. Regroup Telehealth Merge to Become Largest Telepsychiatry Provider in Nation InSight Telepsychiatry. Regroup Telehealth Merge to Become Largest Telepsychiatry Provider in Nation
  • The Evolution of EHR Workflows: From Counterintuitive to Intuitive Tools for Care The Evolution of EHR Workflows: From Counterintuitive to Intuitive Tools for Care

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • 2020 Editorial Calendar
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2019. HIT Consultant Media. All Rights Reserved. Privacy Policy |