Mpirica Health, Inc., a Bellevue, Washington-based healthcare quality transparency company.has raised $4.6M in funding led by OurCrowd with participation from a private Seattle-based equity fund. The startup plans to utilize the funding to accelerate its national roll-outs to customers in the Medicare Advantage and employer benefits space, and to scale its cognitive technology platform.
Founded in 2014 by Shakil Haroon, Founder and CEO, MPIRICA has developed a patent-pending scoring system that empowers prospective patients to easily evaluate medical providers’ quality – down to the procedure level – based on actual outcomes.
MPIRICA’s 3-digit metric is simple to access and easy to understand. Available instantly online, the quality score summarizes the actual performance of surgical providers based on clinical outcomes. To produce these consumer-friendly, yet scientific hospital and surgeon scores, the company leveraged a deeply experienced team of data scientists and medical doctors.
The MPIRICA Quality Score, based on past medical outcomes across 864 surgical procedures, summarizes the actual performance of surgical providers based on clinical outcomes. The 3-digit score ranges from 100-800, with 600 to 800 representing an excellent demonstration of quality healthcare for a given procedure. Scores less than 600 but more than 400 represent fair care, while anything below 400 indicates substandard historical performance. The company already has launched scores for 864 different procedures.
In addition to scoring outcomes, the company’s cloud platform delivers integrated cost efficiency measures for payers to identify the intersection of the most effective and efficient surgery providers in each region of the US.
“Armed with this funding, we are thrilled to be able to mainstream the only outcomes-based, trusted quality score for the benefit of payers, healthcare consumers, as well as providers, and to scale our operations and technology,” commented Shakil Haroon, Founder and CEO of MPIRICA.
