– DrChrono raises $20M in growth capital from ORIX Capital to expand into large practice markets and investing in the platform: EHR, Billing, RCM, Machine Learning, API software, and services.
– To date, the DrChrono platform is used by thousands of physicians and has over 17.8 million patients under the care of DrChrono providers.
DrChrono Inc., the company developing the essential platform and services for modern medical practices to make care more informed, more interactive, and more personalized announced it has raised a $20 million growth capital round from ORIX Growth Capital to spur expansion and increase market share through further investment in the technology platform (EHR, medical billing and API) and expansion of engineering, sales, and support functions.
Founded in 2009, DrChrono develops the essential platform and services for modern medical practices to make care more informed, more interactive, and more personalized. The open DrChrono Platform powers electronic health record (EHR), practice management, medical billing, and revenue cycle management solutions for physicians and patients, and is fully extensible via a robust API and the marketplace of applications and services. To date, DrChrono’s platform is used by thousands of physicians and over 17.8 million patients, and has facilitated the booking of 69 million appointments and the processing of more than $11B of medical billing.
Why It Matters
“The ORIX team has funded some of the best healthcare entrepreneurs and companies in the world. We are extremely excited about this partnership,” said Daniel Kivatinos, Co-Founder and COO of DrChrono. “With our platform and services evolving and maturing, we are in an excellent position to bring the DrChrono platform to larger facilities and specialty practices. Our goal with this additional funding from the ORIX team will be to make the software experience even more amazing, and make critical hires to ensure DrChrono provides the most innovative technology to medical practices.”