Red Rover Health, a company enabling healthcare providers to integrate best-of-breed third-party solutions into their electronic health record (EHR) systems, has received $4 million seed funding from NewShore Partners. The latest funding round gives Red Rover the capital to hire key talent to expand the core integration platform and scale operations.
The emergence of best-of-breed third-party software solutions, or apps, has driven the need for EHR integration for healthcare providers. Clinicians demand real-time access to patient care information, but existing integration solutions like HL7 and FHIR do not always meet bi-directional integration needs.
Red Rover’s healthcare integration platform utilizes RESTful APIs to integrate third-party software apps with designated EHRs seamlessly. And the platform offers best-of-breed software solutions secure and predictable access to health system EHR data. And this provides healthcare organizations access to world-class solutions to make the most of their EHR investment.
Along with providing capital, NewShore Partners intends to act as a strategic partner to Red Rover.
KEY QUOTES:
“This funding makes sense for us right now for a couple of reasons. First, we have an active working solution deployed in numerous production sites, so this isn’t vaporware or an idea on paper. Second, we must take advantage of current momentum in terms of contractual commitments from vendor partners and enterprise deals forthcoming. This capital will help us scale operations, accelerate sales and marketing, and hire more industry rockstars.”
– Red Rover CEO John Orosco
“We invest in innovative companies that are bold enough to build solutions for the biggest challenges in healthcare. Red Rover Health’s platform makes ‘best of breed’ apps available to clinicians without health systems undergoing expensive and resource-draining integration projects that hinder innovation. The end result will be better patient outcomes and reduced costs for hospitals and health systems.”
– NewShore Director Sowri Krishnan
