CINCINNATI, OH - Apr 25, 2017 (UTC) - Doc Halo, a leading provider of real-time clinical communication solutions for healthcare professionals, has successfully raised $11 million in its Series A funding round. The investment, led by Bain Capital Ventures with participation from Refinery Ventures, marks the company’s first external funding after seven years of bootstrapping and organic growth.
The funding will be used to accelerate Doc Halo’s expansion, enhance its award-winning platform’s functionality, and support the addition of new features such as patient engagement tools. Doc Halo’s HIPAA-compliant technology includes secure texting, VoIP calling, schedule management, pager replacement, and integration with critical lab systems, all designed to streamline communication among physicians, nurses, and staff. This comes at a time when the company has already secured major clients, including the University of Maryland Medical System, Trinity Health, Covenant Health, Hospital Sisters Health System, and Asante, and earned the top spot as KLAS Category Leader in the 2017 Best in KLAS report for secure communication.
“Advances in real-time clinical communication are already demonstrating a tremendous impact on healthcare by reducing medical errors, increasing care efficiency, and improving patient outcomes,” said Jose Barreau, MD, CEO and co-founder of Doc Halo. “A strong partnership with Bain Capital Ventures, a leading healthcare and technology investor, will enable us to continue to drive the industry forward.”
Mike Krupka, managing director at Bain Capital Ventures, expressed enthusiasm about the investment: “Health systems have complex communication and care coordination requirements. Jose and his team have created a tailor-made platform built by clinicians—making it easy to adopt within the clinical environment. We’re very impressed with the business and customer traction Doc Halo has established over the last seven years with limited capital.” Krupka further highlighted the market potential, estimating it could grow into a multibillion-dollar opportunity over the next decade.
Bain Capital Ventures, with approximately $3.7 billion in assets under management, has a strong track record in healthcare technology investments, including companies like ABILITY Network, Apixio, and Quanterix. Refinery Ventures also joined the round, adding to the momentum for Doc Halo’s growth in the care-coordination space.
This funding round underscores the growing demand for innovative solutions in healthcare communication, positioning Doc Halo—now part of symplr’s ecosystem—to lead in transforming patient care through efficient, secure technology.
About Doc Halo
Doc Halo, founded in 2010 and headquartered in Cincinnati, Ohio, is a healthcare technology company dedicated to improving clinical communication and care coordination. Its cloud-based platform offers HIPAA-compliant solutions, including secure messaging, voice over IP calling, on-call scheduling, and critical lab integrations, designed to enhance efficiency and patient outcomes. Serving prominent healthcare systems like the University of Maryland Medical System and Trinity Health, Doc Halo has been recognized as a KLAS Category Leader for secure communication.
Source : Doc Halo
