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Quinsite Raises $5.5 Million in Series A to Fuel Ongoing Growth
Fast-growing Healthcare Data Analytics Company Continues To Acquire New Customers,
Expand into New Markets and Engage New Strategic Partners
Chapel Hill, N.C., May 10, 2023 – Quinsite, an emerging leader in healthcare technology, announced today that it has secured $5.5 million in Series A financing, including investments from Fulcrum Financial Partners, Front Porch Venture Partners, Triangle Tweener Fund, in addition to regional angel and super-angel investors. This funding follows a $2.5 million Seed bridge note closed in early 2022. Quinsite will use this capital to build on its successful track record among Radiology practices to fuel ongoing growth and expansion across other specialty practice markets like Pathology, Anesthesiology, Orthopedics, and Emergency Medicine.
Founded in 2017 by Jeff and Jenny Maze, the company now serves nearly 50 of the top U.S. Radiology practices, multiple Pathology and Anesthesia groups, Hospital Systems and Revenue Cycle Management companies. Quinsite’s offerings and industry reach are further strengthened by partnerships with ImagineSoftware, Radiology Business Management Association (RBMA), and Strategic Radiology.
“We’re thrilled to have put together a robust group of investors to support Quinsite’s efforts to help physician practices with transformative data integration and powerful analytics, “ shares Jeff Clark, Quinsite Board Chair. “Quinsite is uniquely positioned for expansion into additional specialty markets with a proven, value-generating offering that is built to scale.”
“This continued momentum, thanks to support from our investors, is a true testament to the strength and quality of the amazing people who are on this journey with us. We’ve built a team that is committed to our mission of providing cutting-edge solutions and unparalleled support to our healthcare partners. When practice leaders are properly equipped to make data-driven decisions, they build stronger practices that ultimately provide better quality patient care,” says Jenny Maze, Quinsite Cofounder and COO. “Empowering intelligent healthcare delivery is our ultimate vision.”
Quinsite’s Comprehensive Healthcare Analytics Platform™ integrates data from clinical, financial, and operational systems, offering a suite of dynamic solutions that help drive measurable improvements across all functions including quality of care, revenue, productivity, resource utilization and workflow efficiency.
To support its ever-growing customer base, Quinsite continues to enhance its Comprehensive Healthcare Analytics Platform™, introducing valuable solutions such as Charge Capture Audit, Physician Productivity, Productivity Ring, Capacity Planning, Turnaround Times and E&M Capture. In collaboration with RBMA last month, the company launched their automated survey tool called Vital Check™.
As Quinsite grows, the company and its founders are increasingly recognized for their success, thought leadership and industry expertise. Quinsite was recently listed amongst CEO Jeff Maze received a 2023 RBMA Global Achievement Award for his outstanding contributions to the industry. COO Jenny Maze was featured in the latest season of GrepBeat’s For Starters podcast, discussing product-market fit.
Quinsite is a leading provider of integrated healthcare data analytics software to physician practices, hospitals, and healthcare organizations, touching over 25 million patients and more than 2500 providers nationwide. Quinsite’s Comprehensive Healthcare Analytics Platform™ integrates and analyzes data from clinical, financial, and operational systems to generate actionable insights, easily accessed via one, user-friendly interface offering a suite of real-time, robust applications aimed at arming healthcare leaders with visibility across their entire organization to make data-driven decisions that increase productivity, optimize resources, improve quality, and boost revenue. For more information, visit www.quinsite.com and follow us on LinkedIn and Twitter.