Medical Care Company DrChrono Secures $20 Million

By Noah Long ● January 28, 2020
  • DrChrono, a company developing a platform for modern medical practices to make care more informed, announced it raised $20 million

DrChrono, a company that is developing a platform and services for modern medical practices to make care more informed, more interactive, and more personalized, announced it raised $20 million in growth capital from ORIX Growth Capital for spuring expansion and increase market share through further investing in the technology platform (EHR, medical billing and API) along with the expansion of engineering, sales, and support functions.

“The ORIX team has funded some of the best healthcare entrepreneurs and companies in the world. We are extremely excited about this partnership,” said Daniel Kivatinos, Co-Founder and COO of DrChrono. “With our platform and services evolving and maturing, we are in an excellent position to bring the DrChrono platform to larger facilities and specialty practices. Our goal with this additional funding from the ORIX team will be to make the software experience even more amazing, and make critical hires to ensure DrChrono provides the most innovative technology to medical practices.”

Currently, DrChrono is used by thousands of physicians and it has over 17.8 million patients under the care of DrChrono providers. And the platform has facilitated the booking of 69 million appointments and the processing of over $11 billion of medical billing to date.

“After meeting the DrChrono executive team, we were excited about their vision of the future, where healthcare will simply work for physicians and for their patients on a modern platform,” added David Orlandella of ORIX Growth Capital. “Clearly having a modern cloud-based platform is part of the future. We loved the ecosystem of extendible apps that can be layered onto the platform, making it a powerful operating system of any medical practice.”