In a recent press release, Doc Halo announced that it has raised $11 million in Series A funding, led by Bain Capital Ventures with additional investment from Refinery Ventures.
This marks the first time Doc Halo has partnered with outside investors in its seven-year history. The funds will allow the company to accelerate growth and expand functionality of its award-wining healthcare communication technology.
Doc Halo's clinical communication platform is changing the way large health systems communicate and coordinate care by providing secure, HIPAA-compliant technology for physicians, nurses and staff. In addition to secure texting and VoIP calling, the platform also includes a full suite of tools to improve clinical workflow, such as schedule management, pager replacement, and critical lab integration. The technology addresses a vital challenge in healthcare: Nearly 80 percent of serious medical errors involve miscommunication during patient transfers, according to the Joint Commission Center for Transforming Healthcare.
"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," says 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."