Geneva Healthcare said Wednesday that it has received $1.83 million in funding. The investors were not named although according to the firm, they include physicians and tech entrepreneurs. Based in San Diego, Geneva Healthcare helps manage data from cardiac devices.
SAN DIEGO, CALIF. – August 13, 2014 – Geneva Healthcare, the developer of an innovative technology platform for managing data from cardiac devices, announced it has raised $1.83 million in its first round of financing, led by high net worth individuals including cardiologists, physicians and successful technology entrepreneurs. With this investment, Geneva Healthcare will expand its reach to hospital systems and healthcare networks nationwide.
This financing round comes shortly after a study presented in the Academic Emergency Medicine Journal found The Geneva Healthcare Suite cut the average waiting time by 92 minutes at the UC San Diego Emergency Department.
“Hospitals are seeing a great return on their investments with Geneva, and we need to get that message out even more aggressively,” said Kai Worrell, co-founder and CEO of Geneva Healthcare. “This funding will allow us to advance the development of our software and to grow our sales force.”
Since its inception in 2011, Geneva Healthcare has focused on implementing the Geneva Healthcare Suite in key hospitals throughout Southern California, collecting data and measuring the value.
“Hospitals are looking for solutions that save time, lower costs and improve care and outcomes. We’ve proven that Geneva does that,” said Yuri Sudhakar, vice president of sales and marketing of Geneva Healthcare. “Now we will build on that momentum to deliver the technology to provider systems, larger healthcare networks in the Southwest and key hospital systems nationwide. Hiring talented and passionate people to join in that mission is a top priority.”
About Geneva Healthcare
Geneva Healthcare is focused on building the leading cardiac device data management suite. The Geneva Healthcare Suite transforms cardiac device data into actionable information for providers, physicians, payers and patients, improving the quality of care while increasing efficiency and lowering costs. The suite’s unique dashboard presents patient data in a highly intuitive format to enable quick and accurate clinical decisions. It also syncs with electronic medical records and health information exchanges, making information immediately available across all systems. The Geneva Healthcare Suite is used in emergency departments and hospitals across Southern California. Geneva Healthcare was founded in 2011 by a team of cardiologists and user experience designers, and is based in San Diego, California. Learn more at genevahealthcare.com.