Health IT, Startups

Clinical decision support startup launches, raises $21.6M

Pacific Advantage Capital and Jump Capital led the Series A round along with participation from Children’s Health (Dallas), Order of Saint Francis Healthcare System in Peoria, Illinois, PCCI and some Dallas investors.

moneyPieces Technologies, a company focused on clinical decision support for underserved populations, finally launched eight years after its founder Dr. Ruben Amarasingham developed the software behind the business. It will use a $21.6 million Series A round it closed to support product development and sales and marketing.

It plans to add 15 staff this year, split between sales and software engineering, said Lindsey Duda, the director of marketing, in a phone interview. The company currently has 40 staff.

Pacific Advantage Capital and Jump Capital led the Series A round along with participation from Children’s Health (Dallas), Order of Saint Francis Healthcare System in Peoria, Illinois, PCCI and some  Dallas investors, according to a company statement.

The company incubated at the Parkland Center for Clinical Innovation, a scientific research and development nonprofit in Dallas. It initially was a department within Parkland Hospital.

Its software platform is designed to be used for outpatient care, transitional care and population health. Although it fits under the category of clinical decision support it is designed to be used to identify and prevent adverse events such as sepsis, and to intervene before rehospitalization is required for patients with chronic conditions such as pediatric asthma and chronic kidney disease.

It currently can be used with Allscripts, Epic and the VA’s electronic health record systems.

Photo: Flickr user WeLoveCostaRica