Series A funding will drive continued market growth and commercialization
Applied Pathways, a leader in Enterprise Knowledge Management for healthcare, announced today that it has received $6 million in series A funding from Health Enterprise Partners (HEP), a New York-based equity firm focused on healthcare and information technology, whose investors include many of the largest hospital systems and health plans. The investment will enable Applied Pathways’ continued market expansion.
Applied Pathways’ cloud-based clinical rules modeling and Enterprise Clinical Knowledge Management facilitates the development and distribution of interoperable, EMR-agnostic clinical decision support and quality management solutions. Applied Pathways’ Curion Platform enables clinicians and business users to centrally develop, manage, and curate institutional knowledge and clinical best practices. The intuitive and visual workflow modeling can be integrated with third-party systems or Applied Pathways’ suite of applications, supporting the industry’s shift to fee for value by enabling standardized processes with centralized management. This is the first clinical decision support investment HEP has made.
“We are honored to have earned the trust and financial support of HEP as a strategic partner,” said John Feldman, CEO of Applied Pathways. “This investment further validates the strength of our offering, which has already been proven through our partnerships with some of the country’s most respected healthcare organizations. Through this new relationship, we aim to accelerate our clients’ ability to drive a new level of clinical and financial returns.”
“Applied Pathways is one of the rising stars in healthcare,” said Ezra Mehlman, Vice President of Health Enterprise Partners. “They’re a unique partner for us—one with the capability to drive better outcomes for payers and providers. The enterprise knowledge platform provides an unmatched ease of use for the end user, which provides a heightened level of adoption. John Feldman’s proven, career-spanning record of driving innovation is a great asset in our affiliation with Applied Pathways; we look forward to a productive collaboration.” In conjunction with the investment, Ezra Mehlman and Bob Schulz have joined Applied Pathways’ board of directors.
About Health Enterprise Partners
Health Enterprise Partners invests primarily in privately held, middle market companies in health care services and health care information technology. Central to HEP’s strategy is its unique and extensive hospital system and health plan network, 26 members of which are investors in HEP’s funds. HEP seeks to invest in companies that improve the quality of the patient experience, expand access, and reduce the cost of health care.
For more information, please visit http://www.hepfund.com
About Applied Pathways
Applied Pathways’ cloud-based clinical rules modeling and Enterprise Clinical Knowledge Management for Healthcare technology facilitates the development and distribution of interoperable, EMR-agnostic clinical decision support and quality management solutions. Applied Pathways’ Curion Platform enables clinicians and business users to centrally develop, manage, and curate institutional knowledge and clinical best practices, for integration in third-party systems or Applied Pathways’ suite of applications.
Clients include McKesson, Anthem, Mayo Clinic, Healthwise, Medicalis, and others that use Applied Pathways technology as a framework to expand and syndicate their intellectual capital. We support healthcare use cases encompassing point of care, call centers, web portals, and mobile applications to provide simple results to complex issues.