Company strengthens its leadership team with healthcare industry veteran
Boston – August 15, 2014 – QPID Health, the leader in clinical intelligence software that enables healthcare providers to get the most from their investment in electronic health records, HIEs or any data warehouse, today announced that David Burke has joined the company as Chief Financial Officer. Mr. Burke brings deep experience in healthcare, finance, operations, and corporate strategy and will play an influential role as QPID Health continues its rapid expansion in hospital, provider, and other healthcare markets.
Prior to joining QPID Health Mr. Burke served as Chief Operating Officer and CFO of GNS Healthcare, whose big data analytics platform empowers the development of targeted drugs and clinical interventions. While at GNS, Burke and his colleagues helped the firm raise $15 million in strategic equity, develop core operational and financial competencies, and expand into new products and markets. Previously Mr. Burke served as CFO of patient-reported-outcomes leader QualityMetric, where he helped the company enhance execution and accelerate growth leading to its successful acquisition by Ingenix (now OptumInsight). Earlier in his career Mr. Burke served as CFO or senior financial manager of companies serving medical device, product development, senior housing, technology, and other industries. Mr. Burke is a graduate of Harvard College and holds an MBA from Columbia University Graduate School of Business.
QPID addresses the data overload and lack of usability of EHRs, which make doctors, nurses and other clinicians less productive and can obscure critical patient health factors. QPID automatically extracts the essential patient narrative from structured and unstructured data scattered throughout the patient record. Pertinent patient data is packaged and delivered directly to clinicians, ensuring that decisions are made with the best available information. QPID Health raised $12.3m in Series B funding in May to meet the market demand for its solutions. QPID supported 5000 active clinical users in Q1 2014, up from 4000 at the end of 2013, its first year of commercial operation.
“David brings a wealth of executive skill, financial savvy and industry knowledge to this position,” said Mike Doyle, QPID Health Chief Executive Officer. “He has the acumen needed to understand the challenges of healthcare providers who are dealing with changes in the economics of healthcare as well as government mandates, and how information technology like QPID can help address those issues. David supports our mission to drive more efficient and improved care, which is the foundation of our corporate culture and goals.”
“I’m very pleased to be joining QPID Health as CFO,” says Mr. Burke. “The size and sophistication of the global EHR market is exploding and hospitals, health systems and clinicians are under mounting pressure to deliver informed, effective care to their patients. QPID’s proven technology revolutionizes the rapid discovery and visualization of rich, actionable clinical insights to support efficient healthcare delivery and improved patient outcomes.”
About QPID Health
QPID Health’s clinical intelligence software automatically delivers relevant patient information from electronic health records and other data sources into clinical and administrative workflows. With QPID, clinicians are more productive, patients benefit from decisions based on their complete health information, and hospitals gain cost efficiencies. The QPID solution was developed at Massachusetts General Hospital and usage spread virally throughout the Partners HealthCare system and its 9 hospitals. QPID Health launched in late 2012 to bring the power of QPID to health systems nationwide. Investors include Matrix Partners, Cardinal Partners, New Leaf Venture Partners, Massachusetts General Physicians Organization and Partners Innovation Fund. Visit www.dev.qpidhealth.com for more information.