• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Life Sciences
  • Investments
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage

Healthcare Blockchain Startup BurstIQ Nabs $5.5M for HIPAA-Compliant Blockchain Platform

by Jasmine Pennic 10/01/2019 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Healthcare Blockchain BurstIQ Partners With Unified Signal to Launch Crypto-Wallet Integrated Mobile Phone Service

– BurstIQ raises $5.5M for HIPAA-compliant blockchain platform services for on-chain data management, complex data ownership, and granular consent.

– The healthcare blockchain-based software company plans to aggressively expand sales, marketing, and network growth.

BurstIQ, an Denver, CO-based provider of HIPAA-compliant blockchain solutions for the healthcare industry has raised $5.5M in Series A funding led by Elsewhere Partners. Elsewhere, a growth-stage venture capital firm which invests in capital-efficient B2B software companies outside of traditional venture capital hubs was drawn to BurstIQ due to its best-in-class blockchain product, strong traction with marquee enterprise customers and significant market opportunity.

Health Data Lives on Islands

Data is becoming increasingly critical to clinical, operational, and individual decision-making, and interest in products and partnerships that leverage data is exploding. However, health data is largely siloed, inaccessible, non-standardized across systems, and difficult to understand, use and share.

Combining The Power of Blockchain, Big Data, And Intelligence

 

Founded in 2015 to address these challenges, BurstIQ is the first and only blockchain company to provide secure, HIPAA-compliant blockchain platform services for on-chain data management, complex data ownership, and granular consent. BurstIQ’s proprietary platform is used by large enterprises, startups and government agencies to power identity services, interoperability, care coordination and consumer engagement programs, consumer IoT solutions, secure data access management, data marketplaces and more.

Health data from disparate sources are combined to create individual LifeGraphs within the platform. LifeGraphs then form the basis for the HealthWallet, that enables patients, businesses, and researchers to securely share, sell, license, loan, or donate their data. The company believes that within the next five years, data will become the currency that drives the healthcare industry, and BurstIQ will drive the marketplace.

Recent Traction/Partnerships

The Series A funding marks the first major institutional funding round for BurstIQ and has been financially sustainable since 2016, generating millions in annual revenue through commercial partnerships with marquee customers such as Empiric Health, Medical Group Management Association (MGMA) and Colorado Regional Health Information Organization (CORHIO). The company plans to use the funding to expand sales, marketing, and network growth.

Partnering with Elsewhere Partners will allow BurstIQ to accelerate market penetration, product innovation and organizational growth. Sloane Child, Vice President at Elsewhere Partners, comments, “We are excited about the future of BurstIQ and confident that their state-of-the-art blockchain platform and seasoned management team, in conjunction with the growing demand for secure and compliant healthcare data, will enable BurstIQ to continue to grow and capitalize on the opportunities ahead.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: big data, blockchain, BurstIQ, Care Coordination, data management, Empiric Health, Healthcare Blockchain, Healthcare Data, HIPAA, hipaa-compliant, interoperability, IoT, medical group, MGMA, Partners, venture capital

Tap Native

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

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

Digital Health Funding Q3 2025: Choppy Undercurrents Beneath a Steady Surface

Most-Read

Qualtrics Acquires Press Ganey Forsta for $6.75B to Create the Most Comprehensive AI Experience Platform

Qualtrics Acquires Press Ganey Forsta for $6.75B to Create the Most Comprehensive AI Experience Platform

Pfizer and Trump Administration Announce Landmark Agreement to Lower Drug Costs

Pfizer and Trump Administration Announce Landmark Agreement to Lower Drug Costs

KLAS Report: Epic's Native Ambient Speech Tool Reshapes Customer AI Strategies

KLAS Report: Epic’s Native Ambient Speech Tool Reshapes Customer AI Strategies

Epic Unveils MyChart Central and New APIs to Advance Interoperability at Open@Epic

Epic Outlines Roadmap for Next-Generation Data Sharing at Open@Epic

Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys

Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys

RevSpring to Acquire Kyruus Health, Creating a Unified Patient Experience

RevSpring to Acquire Kyruus Health, Creating a Unified Patient Experience

Oracle Confirms Layoffs in Kansas City

Oracle Confirms Layoffs in Kansas City

Philips Future Health Index 2025: AI and Digital Tech Can Help Solve Cardiac Care Crisis

Philips Future Health Index 2025: AI and Digital Tech Can Help Solve Cardiac Care Crisis

Optain Health Secures $26M to Advance AI-Powered Retinal Screening

Optain Health Secures $26M for AI-Powered Retinal Screening

Sutter Health and Epic Launch "Sutter Sync" to Optimize Remote Chronic Care

Sutter Health and Epic Launch “Sutter Sync” to Optimize Remote Chronic Care

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • 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 © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |