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NC-Based Healthcare Data Analytics Company Quinsite Raises $2.5 Million in Seed Funding
Emerging Leader in Disparate Data Aggregation and Analysis for Radiology Practices Plans to Expand Offerings to Other Specialty Healthcare Providers
Chapel Hill, N.C., March 24, 2022 – Quinsite, an emerging leader in healthcare technology, today announced the close of a $2.5 million seed round. The funding round was led by veteran RTP-based investor Jeff Clark and includes investment from a combination of angel and institutional investors. This new funding will enable Quinsite to pursue new market opportunities, increase strategic business development efforts and accelerate enhancements to its Comprehensive Healthcare Analytics Platform™.
Quinsite’s innovative technology platform offers real-time, robust dashboards and reports to help healthcare practice leaders gain visibility across their entire organization, leveraging data to increase productivity, optimize resources, improve quality, and boost revenue.
Quinsite currently serves 20% of the top 100 largest radiology practices in the US and boasts a 100% client retention rate. The company plans to build on that success and expand further into additional specialty healthcare practices including:
- Pathology
- Anesthesiology
- Emergency Medicine
- Orthopedics
“In 2019, healthcare analytics represented an estimated $9.1 billion market opportunity. Today, all but the largest healthcare systems lack tools to generate actionable data from disparate clinical and practice management systems,” explains Jeff Clark, Quinsite Board Chair. “We believe that Quinsite is uniquely positioned to meet the needs of specialty provider groups and small-medium size hospitals who generate vast amounts of data across multiple disparate systems but don’t have the tools or expert resources needed to successfully manage and deliver fully integrated analytics.”
“We are so proud of the organic growth and success Quinsite has already experienced over the past few years, especially the many amazing client relationships we have worked hard to build. And we are excited to use this new funding to help even more healthcare practices make better data-driven decisions and transform the way they do business,” says Jeff Maze, CEO and Cofounder, Quinsite.
This funding follows on the heels of significant growth in 2021, despite unprecedented challenges presented by COVID-19. Key Quinsite accomplishments over the past year include a 70% increase in annual recurring revenue (ARR), 75% average year-over-year (YOY) revenue growth, significant client and employee growth, and a long list of client-driven platform enhancements. You can learn about these accomplishments and more here.
About Quinsite
Founded in 2017, Quinsite delivers innovative healthcare technology with a human touch. Quinsite’s Comprehensive Healthcare Analytics Platform™ offers real-time, robust dashboards and reports to help specialty practices, healthcare systems and administrators gain visibility across their entire organization, leveraging data to increase productivity, optimize resources, improve quality and boost revenue. For more information, visit www.quinsite.com.
