Advertisement

BloomAPI locks down $2.4M to fix medical record releases

BloomAPI locks down $2.4M to fix medical record releases
From TechCrunch - July 13, 2017

Seattle-based BloomAPI is announcing a $2.4 million seed round this morning for its solution to the broken medical records release process. Its no secret that the entire US healthcare system is held back by antiquated technologybut unlike many competitors, BloomAPI offers a solution that works with, and not against, the old school technologies that are still the unfortunate reality for the industry.

BloomAPI sits on top of existing systems, integrates quickly and doesnt cost doctors a dime. As a result of this orientation, the solution doesnt functionally change any existing human processes. When it comes to privacy, patients are still expected to sign all the same documentation and waivers they traditionally would for record releasesits just the conduit for the actual document transfer that has been streamlined.

The company makes its money by charging third parties, like insurance companies and other vendors, for API access. This allows the company to scale faster across doctors offices to give the myriad of medical record salve startups a run for their money.

With BloomAPI, data sharing just becomes simple, asserted Michael Wasser, founder of BloomAPI in an interview. This way you dont even have to question whether a medical record is available.

To date, BloomAPI has onboarded 300 doctors with access to over 1 million individual files. That process is clearly more difficult and decentralized than a traditional big-ticket enterprise SaaS contract, butWasser tells me this is part of his secret sauce.

Advertisement

Continue reading at TechCrunch »