Sei sulla pagina 1di 3

MDmetrix Raises $3 Million Seed Round Led by Founders’ Co-op

MDmetrix will use funds to expand its AI capabilities and add key hires to its Seattle-based

Seattle, WA, May 14, 2019 --( MDmetrix, a healthcare data analytics, visualization and AI
company, has raised a $3 million seed round led by Founders' Co-op and including Arnold Venture
Group and WRF Capital. The company will use the funds to add key hires at its Seattle-based
headquarters and to expand its AI capabilities, while leveraging its new investors' proven track records in
healthcare innovation and entrepreneurship.

First launched at Seattle Children's Hospital in 2016, MDmetrix's technology leverages the federal
government's $40 billion-dollar investment in electronic medical records (EMRs) to transform clinical
operations for hospitals and surgery centers. Specifically, MDmetrix empowers medical leaders and
frontline clinicians to access and understand outcomes performance data across patients, providers,
protocols, and facilities, enabling clinicians to improve patient care and to surface millions of dollars in
cost and revenue opportunities.

“MDmetrix has exactly what we look for in an investment - a company that uses advancements in
technology to transform an industry, strong leadership with industry expertise, and proven results,” said
Chris DeVore, managing partner of Founders' Co-op. “MDmetrix was initially created to address
physicians' frustration with their lack of visibility into outcomes across patients. Once MDmetrix's system
was deployed, it quickly became clear that clinicians can use their newfound visibility into performance
to transform clinical operations, delivering better care at a lower cost for millions of Americans.”

“At Seattle Children's, we've used MDmetrix's solutions to improve care for thousands of our patients,”
said Dr. Sanjay Parikh, medical director of Surgical Services at Seattle Children's Bellevue Clinic and
Surgery Center. “We are now using MDmetrix's ClinOps Control Center to measure and enhance many
aspects of our clinical operations, from patient safety to OR efficiency, leading to care improvements,
substantial cost savings and capacity to serve more patients.”

MDmetrix's analytics, visualization, and AI tools are now being used to transform clinical operations
across hospitals and ambulatory surgery centers. With a push of a button, clinicians and their leaders are
able to visualize, compare, improve and monitor performance by team, provider, protocol or facility
across a wide array of metrics including pain scores, procedure times, and readmissions. Over the past
year, MDmetrix has uncovered over $15 million in financial benefits for its partners, and has rolled out
department-specific specialty modules as well as a clinical operations Control Center enabling users to
continuously improve and monitor performance.

“We are thrilled to have the support of Founders' Co-op, Arnold Venture Group and WRF Capital,” said
Warren Ratliff, chief executive officer of MDmetrix. “With this infusion of smart and experienced
capital, we will expand our team and enhance the machine learning capabilities of our system,
accelerating our mission of transforming healthcare for all.”

Page 1/3 Press Release Distribution Terms of Use
About MDmetrix
MDmetrix is a healthcare data analytics, visualization, and AI company that serves hospitals and surgery
centers. By empowering medical leaders and frontline clinicians to access, analyze and improve clinical
and workflow outcomes, MDmetrix enables providers to improve care and lower costs, transforming
clinical operations. Founded in Seattle in 2016, MDmetrix was spun out of Seattle Children's Hospital. To
learn more, please visit

Page 2/3 Press Release Distribution Terms of Use
Contact Information:
Teri Franklin
Contact via Email

Online Version of Press Release:

You can read the online version of this press release at:

News Image:

Page 3/3 Press Release Distribution Terms of Use