RALEIGH,
N.C., July 25, 2024 /PRNewswire/
-- Medicom, a health tech startup leading enterprise imaging
interoperability, today announced completion of its oversubscribed
strategic financing round. Notable participation included UPMC
Enterprises, Tampa General Hospital (TGH) Ventures, expanded
participation from existing investors Cone Health Ventures, Oval
Park Capital and Grayhawk Capital, as well as local Triangle
venture groups such as the Carolina Angel Network and the Triangle
Tweener Fund.
Medicom's alignment with UPMC's and TGH's
missions around interoperability and RWD&E will accelerate the
platform's evolution and commercialization
With participation from two nationally renowned academic
institutions—UPMC Enterprises, the innovation, commercialization,
and venture capital arm of the health system UPMC (University of Pittsburgh Medical Center), and TGH
Ventures, the corporate venture capital arm of Tampa General
Hospital—Medicom welcomes the strategic partnerships and the
clinical and research expertise they bring as the company enters
its next phase of growth.
"As we continue to strengthen our core enterprise imaging
interoperability platform and unlock transformative insights from
Real-World Data, we are excited to have two extraordinary partners
join our team," said Michael
Rosenberg, Co-Founder and CEO of Medicom. "Medicom's
alignment with UPMC's and TGH's missions around interoperability
and RWD&E will accelerate the platform's evolution and
commercialization, and we are excited to see the impact these
partnerships will have on our thousands of Medicom Connect and
Intellect user organizations."
"At UPMC Enterprises, we have a front row seat to the
transformation that health care is undergoing as data becomes more
accessible and interoperability improves," said Brent Burns, Executive Vice President of digital
solutions at UPMC Enterprises. "Medical imaging files and metadata
are critical to supporting clinical and academic research to
develop novel therapeutics. We are thrilled to partner with Medicom
and bring their expertise in secure and efficient medical image and
data exchange to support UPMC's continued leadership in health care
research."
"Since 2021, Tampa General Hospital has expanded its deployment
with Medicom to offer a comprehensive singular, high reliability
enterprise imaging platform that facilitates cross-institute
exchange across all 23 TGH Imaging locations in the Tampa Bay region," said Sherri Lewman, senior vice president of
Enterprise Imaging. "Broadening our scope with Medicom has allowed
TGH Imaging to increase telemetry, observability and control while
reducing overall image exchange costs."
"TGH Ventures is proud to approve this investment in Medicom to
continue to advance innovation across our enterprise and all
aspects of healthcare imaging," said Rachel
Feinman, vice president of Innovation at Tampa General and
managing director of TGH Ventures.
In addition, Medicom secured capital from Customers Bank, the
$22 billion asset subsidiary of
Customers Bancorp and a leading partner in the venture banking
community.
This round of funding aims to leverage strategic partnerships
with leading academic institutions and local Research Triangle Park participants, alongside
the deployment of new capital, to drive platform innovation and
go-to-market functions for accelerated growth.
Recognized by KLAS as one of the most promising HCIT companies
in 2024, Medicom's platform addresses the long-standing challenges
of interoperability of medical images and relevant clinical data.
By leveraging its unique peer-to-peer network and generative AI,
Medicom consolidates the use of multiple cloud solutions, CDs, fax,
courier services, and VPNs into a single enterprise-wide platform
for all enterprise imaging workflows. Whether it's automatically
capturing relevant prior images and associated clinical data before
a patient's appointment and reconciling it across all internal
systems, enabling patients with the ability to access and share
their images directly within their existing patient portal, or
providing researchers with longitudinal patient-cohort specific
de-identified data for research and development, Medicom ensures
real-time access to relevant data for the advancement of patient
care.
About Medicom
Medicom is a health tech company that is
dedicated to ensuring timely access to clinically relevant data at
the point-of-care and advancing research. The company developed the
first fully federated, decentralized, peer-to-peer
network for medical image and clinical data exchange. The Medicom
platform leverages the Medicom Network for both clinical and
research use cases. Medicom Connect enables enterprise imaging
interoperability, eliminating long-standing data exchange,
accessibility, and usability challenges for patients and providers.
Medicom Intellect leverages the Medicom Network for research
collaboration, providing data and insights for research within
precision medicine and life sciences.
Related Links
https://home.medicom.us
https://enterprises.upmc.com
https://tgh.org/research-and-innovation/tgh-ventures
Provided by:
Medicom Technologies, Inc. (Medicom) // Raleigh, NC & Phoenix, AZ
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SOURCE Medicom Technologies, Inc.