Medical imaging startup will expand network of health systems using its platform to connect and optimize medical image management.
MADISON, WI - (Feb. 8, 2019) ImageMoverMD, a software platform that leverages deep Electronic Health Record (EHR) integration to automate and simplify medical image management and collection, announced today that it has raised $4 million in financing led by Bain Capital Ventures, Cultivation Capital, and Health X Ventures. The company will use the financing to grow its network of customers and expand its technology offering.
“Medical images play an increasingly important role in data-driven care, but legacy medical imaging systems are not well suited to leverage patient data or automatically integrate with electronic health records,” said Yumin Choi, partner at Bain Capital Ventures. “We are thrilled to partner with Darcey and the rest of the team at ImageMover as they work to bring interoperability to medical imaging and improve patient care.”
Since its launch in 2014, ImageMover has automated the management of millions of images and grown to accommodate numerous image-focused clinical workflows. ImageMover leverages deep integration with the EHR to automate and simplify workflows related to capturing images from collection modalities and storing images in PACS systems and medical image archives. ImageMover was included in Epic’s launch of the App Orchard, but is agnostic to any EHR system and compatible with any PACS and archive system.
Cincinnati Children’s Hospital recently launched ImageMover’s Mobile solution to allow its providers to simply and securely capture and store photos and videos using any iPhone or Android device, and they will be adding ImageMover’s other tools shortly. “From day one, the providers at Cincinnati Children’s told me they never want to go back to life without ImageMover because it makes their job easier and their clinics run more efficiently,” Dr. Alexander Towbin, Associate Chief, Clinical Operations and Radiology Informatics at Cincinnati Children’s Hospital said. “ImageMover’s implementation process and integration with our EHR has been easy and seamless. It automates the process of managing and storing images from within the EHR, where providers are already working. The time savings, security advantages, and improved patient and provider experience have all been fantastic.”
The health technology investment ecosystem has been active in Madison. “Having Epic systems located in the Madison community has certainly served as an anchor for health technology in Wisconsin,” said Mark Bakken, Health X Ventures Managing Partner. “Epic has served as a magnet for high quality talent and helps support a strong community around health technology innovation in the area.”
About ImageMoverMD
ImageMoverMD is a medical imaging software company that connects photos, video and outside medical images with enterprise imaging and electronic health record systems. The company’s solutions employ an exclusive approach to securely capture and integrate medical images with the EHR, simplifying communication and enhancing patient care. For more information, visit ImageMoverMD.com and follow ImageMover on Twitter @ImageMoverMD.
About Bain Capital Ventures
Bain Capital Ventures partners with disruptive founders to accelerate their ideas to market. The firm invests from seed to growth in startups driving transformation across industries, from security and cloud infrastructure to logistics and e-commerce to finance and healthcare. The firm has helped launch and commercialize more than 240 companies, including DocuSign, Jet.com, Kiva Systems, LinkedIn, Rapid7, Rent the Runway, SendGrid, SurveyMonkey, Taleo, TellApart and Turbonomic. Bain Capital Ventures has $4.9 billion in assets under management with offices in San Francisco, New York, Boston and Palo Alto. Follow the firm via LinkedIn or Twitter.
About HealthX Ventures
HealthX invests in digital health solutions and technology-supported services, seeking simple, cost-effective, and scalable solutions throughout the healthcare ecosystem. Based within miles of Epic Systems’ Madison, WI headquarters, HealthX provides unique value to its portfolio companies though extensive operational support, executive level network, and deep industry knowledge. For more information visit www.healthxventures.com.
About Cultivation Capital
Cultivation Capital is a venture capital firm that supports extraordinary entrepreneurs. Cultivation Capital manages a family of venture funds that invest in technology and life sciences companies. These funds have backed over 100 companies since the firm was founded in 2012, making it one of the most active venture capital firms in the country. Cultivation Capital helps businesses achieve pivotal milestones with the help of our general partners, investors, and other portfolio companies. For more information, please visit www.cultivationcapital.com.