BetaBoston (a Boston Globe site): QPID Health raises $12.3 million for patient data software

BetaBoston (A Boston Globe Site)May 6, 2014

Boston’s QPID Health, which finds clinical intelligence about patients using data in electronic health records, has raised a $12.3 million Series B round of funding.

The money will be used to ramp up the sales of its software, which works with most electronic health record systems.

The company’s software aims to be cost-effective and improve patient care by making it easier for clinicians to get access to data from patients’ records.

Customers include Massachusetts General Hospital, Brigham & Women’s Hospital, and other members of the Partners HealthCare system. About 5,000 clinicians in all use the software.

The new funding round included returning investor Matrix Partners of Cambridge and was led by New York City-based New Leaf Venture Partners.

Other returning investors in the round included Cardinal Partners, the Massachusetts General Physicians Organization, and Partners Innovation Fund.

QPID had previously raised a $4.4 million Series A round in March 2013.

Read the full article: BetaBoston (A Boston Globe Site)May 6, 2014