Procured Health, an analytics and spend management company, has secured $10 million in a series B investment round.
The seed round was led by Nashville, Tenn.-based Heritage Group, a venture-capital firm, with participation from Health Insight Capital, a subsidiary of Nashville-based HCA.
The Chicago-based tech startup addresses healthcare costs by helping its clients efficiently utilize medical supplies and improve clinical outcomes.
The $10 million investment will come from Heritage's second innovation fund, which closed in May at $220 million. Heritage funds are backed by 15 leading healthcare organizations, including Adventist Health System in Altamonte Springs, Fla., Intermountain Healthcare in Salt Lake City, Sutter Health in Sacramento, Calif., and Tenet Healthcare in Dallas.