What You Should Know:
– Health Gorilla raises $50 million in Series C funding to securely enable the exchange of actionable and aggregated clinical data.
– The new investment will accelerate Health Gorilla’s mission to connect everyone, everywhere, with actionable health data.
Health Gorilla, a Sunnyvale, CA-based health interoperability platform, today announced it has raised $50M in Series C funding led by SignalFire with participation from Epsilon Health Investors, IA Capital, and Nationwide Ventures. With this latest round of funding,
National Health Interoperability Platform
To create a healthcare system with effective health information exchange, healthcare organizations need more than a series of connections between each other. They need assurance that the data being exchanged is meaningful and to know it will be delivered when and where they need it.
While health information exchange has made tremendous strides over the last few years, unreliable patient data identifiers, information blocking, and disparate systems continue to cause various challenges. These paired with varying data standards have created a healthcare environment that is disconnected and difficult for patients to navigate.
Founded in 2014, Health Gorilla is focused on streamlining access to clinical data with a suite of FHIR-based APIs that digital health developers integrate into their products. With enterprise-grade clinical data APIs, HIPAA-compliant user authentication, and an unparalleled master patient index, the Health Gorilla network makes it easy for providers to pull their patient’s information from any clinical records system. The platform supports a diverse set of clinical use cases and is improving outcomes across the country by ensuring providers have timely and efficient access to actionable information.
Last year, the company saw a 200% increase in Committed Annual Recurring Revenue, increasing its customer base by 87%, and experienced significant momentum in its business development initiatives. This latest round brings the total raised by Health Gorilla to $80 million. Health Gorilla also doubled its employee headcount in 2021 and announced new appointments to its senior executive team – Karla Mills to Chief Operating Officer and former Attorney at the U.S Department of Health and Human Services Carol Allis to Chief Compliance Officer.
In 2022, the company aims to achieve a Qualified Health Information Network (QHIN) designation under the Trusted Exchange Framework and Common Agreement (TEFCA). Health Gorilla worked closely with the Office of the National Coordinator for Health Information Technology (ONC), and the Sequoia Project, TEFCA’s Recognized Coordinating Entity, as the framework and common agreement were developed and are well positioned to bridge the gap between TEFCA’s interoperability goals and the private sector.
“This round of funding will be followed by a concentrated push to bring on industry-leading talent across the organization,” said Karla Mills, COO of Health Gorilla. “We already have various exciting opportunities available and will have a strong focus on expanding our sales, marketing, engineering, business development, and product teams throughout the year.”