PHEMI Raises $2.8 million to Transform Healthcare Delivery

Posted by Techvibes NewsDesk

PHEMI Health Systems announced today the closing of a $2.8 million seed-financing round which will allow it to commercialize PHEMI Clinical and PHEMI Central.

Investors included BDC Venture Capital, Yaletown Venture Partners and a number of strategic angel investors. PHEMI was recently included in the inaugural edition of the Techvibes 20.

PHEMI Clinical is a patient care management platform that dramatically improves clinic productivity and patient outcomes and PHEMI Central is a next generation data warehouse based on Big Data technology that incorporates sophisticated Privacy By Design principles to meet the unique demands of healthcare.

SEE ALSO: Startup PHEMI Plans to Bring Much-needed Innovation to Healthcare Space

The PHEMI suite of products supports the collection, curation and analysis of many rich datasets of healthcare information for population health management, clinical study engagement, evidence-based care, post-market surveillance and quality and performance analytics.

"Over 70% of healthcare information is unstructured and difficult to mine for relevant insight using traditional methods," said Dr. Paul Terry, CEO of PHEMI Health Systems.

"PHEMI changes that. What we're offering now, essentially, is the ability to turn virtually any piece of patient information – physician letters, lab results, imaging, medication, previous treatment plans – into searchable information, thereby unlocking vast amounts of new data for clinicians, analysts and researchers to extract insights from. PHEMI helps turn healthcare data into strategic assets."

Terry added in today's press release, "We have found a way to manage patient consent and balance an individual's privacy requirements with a healthcare organization's legitimate need for patient information. This drives improvements in clinical care, medical innovation, business decision-making and cutting-edge research."

Dion Madsen, Senior Managing Partner of the BDC Venture Capital Healthcare Fund, agrees, "Healthcare is an industry rapidly adopting innovative technology to drive more efficient care delivery and this rising market demand has created a great opportunity for investment. We are very impressed with the experienced PHEMI team and believe that they can build another world-class company."

Company:
Yaletown Venture Partners
Website:
http://www.yaletown.com
Location:
Vancouver, British Columbia, Canada

Based in Vancouver, British Columbia, Yaletown Venture Partners is a venture capital firm that invests time and money in seed and early-stage technology and clean-tech companies. Yaletown focuses on Western Canadas vibrant Energy Technology and Information Technology and Clean-tech clusters. Yaletown is backed by some of Canadas largest pension funds and financial institutions, all of which have a long-term... more

Company:
BDC Venture Capital
Website:
http://www.bdc.ca
Location:
Montréal, Québec, Canada

With more than $1 billion under management and more than 25 years of industry experience, BDC Venture Capital is an investor of choice focusing on IT, health and energy/cleantech companies, as well as venture funds, with high growth potential. From seed through expansion to exit, their mandate is to help build outstanding Canadian companies, while working to create a sound financial ecosystem for Canadian... more

Company:
PHEMI Health Systems
Website:
http://www.phemi.com
Location:
Vancouver, British Columbia, Canada

PHEMI Health Systems is a process automation and Big Data platform company that unlocks patient data to improve clinic productivity, patient outcomes, and medical research. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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