Health IT

Health IT firm Ability Network raises $20 million

Update: About a week after filing a regulatory form that said the company raised $20 million, Ability Network now says it has raised $27 million. An interview with the CEO Mark Briggs should clarify this discrepancy. Ability Network Inc., a Minneapolis, Minnesota-based health IT firm formerly known as VisionShare, has raised nearly $20 million, according […]

Update: About a week after filing a regulatory form that said the company raised $20 million, Ability Network now says

it has raised $27 million. An interview with the CEO Mark Briggs should clarify this discrepancy.

Ability Network Inc., a Minneapolis, Minnesota-based health IT firm formerly known as VisionShare, has raised nearly $20 million, according to a recent regulatory filing.

That’s significantly higher than its last funding round, at least according to the U.S. Securities and Exchange Commission. Back in 2005, and under the moniker of VisionShare, the company raised $832,000.

Ability Network is a web-based healthcare network that connects hospitals with physicians, skilled nursing facilities with clinics, and many other providers nationwide with each other and with Medicare.

A company spokeswoman could not make Mark Briggs, the company’s CEO, available for an interview or answer questions related to how the money will be used. She did say that the company was able to raise more than $20 million and will issue a news release next week.

The 10-year-old company describes itself as the “largest, web-based secure healthcare network” in the country.  In March, the company added three executives to its senior management team: Bud Meadows, executive vice president, sales; Buck Rogers, executive vice president, business development; and Chelle Woolley, vice president, marketing