Archives     Advertise     Editorial Calendar     Subscribe     Contact Us    


Bridge Connector Raises $25.5 Million in Series B Funding to Advance Interoperability Layer for Health Care


 

(BUSINESS WIRE)--Bridge Connector, an interoperability company changing the way health care communicates, today announced it has raised $25.5 million in Series B financing. The latest round, led by Axioma Ventures, was joined by all existing investors, including veteran investor Jeff Vinick, and brings Bridge Connector's total funding to over $45 million. After achieving over 1000% year-over-year growth in 2019, the investment will further support the company's increasing market share in health care interoperability and growth of Destinations, a new integration-platform-as-a-service (iPaaS) that connects health data systems using use-case-based interoperability blueprints to speed integrations with major vendors.

Bridge Connector provides a suite of vendor-agnostic integration solutions and a full-service delivery model, helping health care vendors, providers, and payers more easily share data between disparate systems, such as electronic health records (EHRs) or patient engagement solutions. The company's technology is designed to democratize health care by allowing organizations of any size to equitably connect data systems and empower care teams with the most accurate patient data in real-time. Unlike other health care interoperability vendors, Bridge Connector's unique approach does not lock customers into a forced data model or proprietary APIs, instead employing a vendor-agnostic integration layer that works across data models without the need for standardization.

"The level of support we have received from our investors and key partners demonstrates the disruptive power of what we are doing," said Bridge Connector Founder and CEO, David Wenger. "The lack of integration in health care has resulted in care teams relying on antiquated technology like fax machines to relay mission-critical information. In the face of the COVID-19 pandemic, it has never been clearer that this inability to share patient data between health care technology vendors creates dangerous care gaps that can mean the difference between life and death for some patients. Bridge Connector is building an ecosystem of connected solutions that is solving this problem."

The last decade has seen an explosion of digital health platforms and the U.S. health care system has taken incremental steps toward achieving interoperability between them. In March, the Department of Health and Human Services (HHS) issued new rules that force formerly closed vendor solutions to become interoperable. However, the COVID-19 pandemic has exposed the urgent need for data liquidity as health care providers across the country have struggled to share essential patient information and provide comprehensive care via remote delivery methods such as telehealth. In the face of the pandemic's disproportionate effect on minority communities, the industry has also recognized the critically important role that social determinants of health -- the environments in which we are born, live and work -- play in our overall well-being and the need to make this information available to health care providers.

"We believed strongly in Bridge Connector's mission to improve interoperability in health care when we made our seed investment, and they've exceeded all of our expectations along the way," said Howard Jenkins, former CEO of Publix Super Markets, and co-founding partner of Axioma Ventures, which has participated in each of Bridge Connector's funding rounds. "The company's growth in the two years since has validated our belief in the technology and brightened the outlook for an interoperable health care system. With the company on track for 800 to 1000% growth in 2020, we are eager to see how our continued investment will help Bridge Connector impact the industry and create a health care system that works better for patients."

The new funding comes shortly after Bridge Connector finalized various collaborations with some of the most influential stakeholders in health IT, including Epic, Allscripts and Salesforce, as well as other system integrators such as MuleSoft. Those collaborations represent calculated steps toward creating a centralized hub of integration solutions for all data platforms that any health care provider or payer can access. The average hospital today uses approximately 16 disparate electronic health records platforms that limit data sharing within the walls of a single hospital, let alone between separate hospitals.

To learn more about Bridge Connector's solutions for achieving health care interoperability, please visit https://bridgeconnector.co/.

Share:

 

Email Print

 

More Grand Rounds:

 

Tennessee Department Of Health Joins New Cdc Suicide Prevention Program

Tennessee One of Nine Programs Funded for Suicide Prevention

Read More

AdhereHealthUnveils Newest Adhere™ Platform SaaS Offering for Medicare Advantage Plans toMaximize Star Ratings Performance

Adhere Platform's Resolve™ cloud-based software solution enables clinicians to engage with health plan consumers and their providers through intelligent clinical workflow

Read More

AHIP Launches Season 3 of

AHIP Launches Season 3 of "The Next Big Thing in Health" Podcast Featuring Top Innovators in Health Care

AHIP launched season 3 of its award-winning podcast, "The Next Big Thing in Health." The podcast, hosted by Matt Eyles, AHIP president & CEO, and Laura Evans, former FOX 5 DC anchor, features in-depth conversations that highlight the insights, growing trends, and perspectives from health care innovators who are finding new, more effective ways to deliver better value and better care for patients.

Read More

TriStar Skyline Medical Center Celebrates 20th Anniversary

TriStar Skyline Medical Center Celebrates 20th Anniversary

This week, we celebrate the 20th Anniversary of TriStar Skyline Medical Center. We would have preferred to celebrate this milestone with a community celebration, but COVID-19 has halted our event plans.

Read More

OGA Breaks Ground on new Murfreesboro Medical Facility    Outpatient facility to be developed in partnership with United Surgical Partners Internation

OGA Breaks Ground on new Murfreesboro Medical Facility Outpatient facility to be developed in partnership with United Surgical Partners Internation

Outpatient facility to be developed in partnership with United Surgical Partners International

Read More

Flagship Healthcare Properties Hires Blake Bratcher as Executive Vice President

Read More

AMA Awards Research Grants to Advance the Study of Women in Medicine

Each September, the American Medical Association (AMA) recognizes influential female physician leaders as part of Women in Medicine Month.

Read More

Bridge Connector Raises $25.5 Million in Series B Funding to Advance Interoperability Layer for Health Care

Integration provider closes round as demand for integrated health data intensifies during COVID-19 pandemic

Read More

axialHealthcare Partners with Shatterproof to End Substance Use Disorder Stigma

Read More

Adventist Health and Synchronous Health Announce Strategic Partnership

Partnership leverages power of human touch with AI to deliver behavioral healthcare to millions of people; Includes investment in Synchronous Health

Read More

Change Healthcare Acquires Nucleus.io

Creates first of its kind end-to-end, cloud-native Enterprise Imaging platform

Read More

Ascension Saint Thomas Rutherford Partners with Rutherford County to Deliver On-Site, Near-Site Clinic Care

Ascension Saint Thomas Rutherford Partners with Rutherford County to Deliver On-Site, Near-Site Clinic Care

On September 1, Ascension Saint Thomas will officially partner with Rutherford County to provide on-site and near-site clinic services at three sites of care for Rutherford County employees, the employees' dependents and County retirees.

Read More

Gibbs joined Nashville General Hospital as Chief Marketing Officer

Gibbs joined Nashville General Hospital as Chief Marketing Officer

Sherry D. Gibbs, MBA, joined Nashville General Hospital in the newly created role of Chief Marketing Officer on June 15, 2020. She will be responsible for leading strategic marketing, corporate communications and brand management.

Read More

ObjectiveGI Partnering with ARcare to Provide Advanced Diagnostics and Cutting-Edge Treatment Options for Patients

The clinically integrated research platform will provide thousands of patients with chronic digestive health conditions in the ARcare network access to advanced care options.

Read More

Cryoport Expands Global Supply Chain Platform by Signing Agreement to Acquire CRYOPDP

Acquisition will expand Cryoport's presence in both the EMEA and APAC regions and broaden Cryoport's range of temperature-controlled supply chain solutions for the life sciences; Upon closing, the acquisition is expected to be immediately accretive to earnings.

Read More

Klara Raises $15M from Google's AI-Fund Gradient Ventures and Leading Healthcare Investor Frist Cressey to Enable Medical Teams to Offer High Quality

New York City-based digital health company Klara, the leader in patient engagement solutions, today announced it had raised $15 million, co-led by Google's AI-focused venture fund Gradient Ventures and leading healthcare investor Frist Cressey Ventures.

Read More

Delta Dental of Tennessee Donates $325,000 to Children's Hospitals

Delta Dental of Tennessee Donates $325,000 to Children's Hospitals

Support comes at a critical time for children's hospitals facing steep revenue and fundraising drops during COVID-19 pandemic

Read More

Mayor Cooper Visit, Back To School Giveaways And More For National Health Center Week!

Mayor Cooper Visit, Back To School Giveaways And More For National Health Center Week!

National Health Center Week is a wrap! We had a fantastic time celebrating our staff and the community throughout the week, and we couldn't have done it without you!

Read More

BlueCross Medicare Advantage Quality Program Acknowledges Primary Care Physicians for Superior Patient Care Outcomes

Area doctors celebrated for cost-effective, quality care

Read More

Cumberland Pharmaceuticals Reports Second Quarter 2020 Financial Results & Company Update

Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX), a specialty pharmaceutical company focused on hospital acute care and gastroenterology, today provided a company update and announced second quarter 2020 financial results.

Read More

 
 


Tags:
None
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: