A Pivotal Year of Growth and Scalability at Quinsite

2024 if off to a strong start with ambitious company goals in place and early momentum in new sales… but let’s take a moment to look back and celebrate all the wins from 2023, a year filled with remarkable growth that included new investor relationships, ongoing customer success, continued innovation, enhanced partnerships, and expanding industry presence. 

Fueling Ongoing Growth and Expansion  

One of Quinsite’s biggest milestones in 2023 was securing $5.5 million in Series A funding, encompassing investments from Fulcrum Financial Partners, Front Porch Venture Partners, and Triangle Tweener Fund, along with regional angel and super-angel investors. This infusion of capital is helping fuel ongoing growth and expansion into new markets. We achieved record-breaking sales, with increased penetration into the radiology and pathology markets, as well as new pilot programs for anesthesiology and orthopedics. Our customer base has grown coast-to-coast to include 34 states, building a robust community of forward-thinking practice leaders who are experiencing measurable value in the form of revenue, productivity, and operational efficiency gains. The Quinsite team is proud to support their success with innovative solutions and exceptional customer service. 

Continued Innovation 

Technology innovation continued to be a priority for Quinsite in 2023 with several exciting launches. In collaboration with the Radiology Business Management Association (RBMA) and Strategic Radiology, we launched Vital Check™, an automated survey engine built specifically for radiology and other specialty practices. Vital Check is HIPAA-compliant and designed to help healthcare practices capture feedback from patients, referring providers, and more. 

We also launched our Projected Productivity solution, engineered to help practice leaders predict future staffing outcomes and support a sustainable approach to resource optimization. The Projected Productivity solution builds on Quinsite’s existing Productivity and Capacity Planning tools, leveraging AI and predictive analytics to provide a comprehensive analysis of future staffing models based on variables such as providers, shifts, volumes, seasonality, and more.  

Additionally, we introduced our Billing Suite package that offers an easy entry point for practices looking to improve revenue integrity with robust data analytics insights. The suite includes dashboards like AR Analysis, Billing Summary, Operational Review Charges, Payment Audit, Provider Productivity, and Year Over Year, all designed to help validate billing processes for revenue optimization. 

Partnering For Success  

Maintaining strong strategic partnerships continues to be an important element of success, not just for Quinsite but also for the bigger picture of moving the healthcare industry forward with data integration and interoperability. In addition to long-standing relationships with RBMA and Strategic Radiology, we’ve engaged with the Panel of National Pathology Leaders (PNPL) along with several other exciting partnerships. 

Building Industry Presence 

Quinsite actively participated in over a dozen events in 2023, including multiple speaking opportunities as well as exhibiting alongside health-tech vendors at tradeshows and specialty healthcare association conferences. We released our first eBook, From Insights to Impact: The Role of Data Analytics for Meeting Your KPIs, which features powerful real-world stories from practice leaders who leverage integrated data analytics to support KPIs around operational efficiency, financial performance, quality/safety, and stakeholder satisfaction.  

Quinsite was honored in 2023 to be recognized as one of GrepBeats’s Startups to Watch alongside an all-star cast of companies. We were selected as a finalist in the NC Tech awards Biotech/Healthtech and AI/Data Analytics categories. My cofounder and CEO, Jeff Maze, was presented with the RBMA’s Global Achievement award, recognizing his outstanding time and talent contributions.  

Looking Ahead  

2024 is already looking to be bigger and better than years past! Our strategic goals are focused on continued multi-market expansion, along with improved efficiency and scalability for internal processes as well as for our growing customer base. We will continue our presence at industry events for opportunities to meet prospective customers face-to-face and engage in ongoing discovery of the problems we can help them solve.