Protenus, a company that specializes in healthcare compliance analytics, received an $11 million investment for its comprehensive health data auditing and privacy monitoring platform.
The investment — from F-Prime Capital Partners and Kaiser Permanente Ventures — will help Protenus make its platform available to hospitals throughout North America. The company's platform leverages artificial intelligence to analyze every action in an EHR so hospitals have better insight into how their health data is used. This ultimately helps them better protect their EHRs.
"Health systems today have big challenges when it comes to protecting patient data," said Nick Culbertson, Protenus co-founder and CEO. "We ask our credit card companies to validate every transaction and alert us to anomalous charges. Why shouldn't we be asking health systems to audit everyone who accesses patient data? Similar principles apply, and the technology is available."
The Series B round of funding will support sales and customer support hiring, as well as research and development to expand platform capabilities.
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