A health IT company has closed a $4.5 million Series A round to support the expansion of its digital intake platform that also includes a patient check-in tool across athenahealth’s providers. The move comes after Epion Health participated in athenahealth’s More Disruption, Please program, according to a company statement.
Venture capital firm Deerfield Management was the sole investor in the $4.5 million financing round, but angel investors and Healthbox previously provided funding. Epion Health offers customized intake forms for providers. In addition to asking the usual questions about medical history and what medication patients take, the software-as-a-service tool for iPads and tablets also provides targeted content when it’s most likely to grab patients’ attention — in the waiting room. The data from the check-in process is transmitted by its software to the patient’s electronic medical record.
Founder and CEO Joe Blewitt told MedCity News that it would continue to expand content for medical conditions and welcomed the funding. “We now have the necessary resources for the foreseeable future to capitalize on a very large market opportunity. In addition to growing our sales and operations teams, a portion of the funding will be used to continue to enhance our product for our rapidly growing network of providers.”
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Epion Health will use the funding to boost its sales and operations team after athenahealth agreed to make its content tool available to its network of 52,000 providers.
In the past couple of years since it won Startupalooza NJ, Epion has shifted its business model away from content provided by pharmaceutical companies in favor of content from a variety of healthcare content providers that’s paid for by providers through subscriptions.
Its content is intended to bring relevant healthcare information to patients at a time when it is most likely to hold their attention — as they wait for their doctor’s appointment. The goal is also to improve the quality of those interactions. In 2013, it participated in the Healthbox accelerator.
