NASHVILLE, May 12, 2017- EvidenceCare, a Nashville-based clinical decision support (CDS) tool for healthcare providers, announces the opening of their Series A round of funding. The company is seeking additional investment to expand its content library and integrate its proprietary delivery platform with electronic health record systems (EHRs). EvidenceCare has secured the advisory services of Chicago-based Auctus Group to lead the $5 million raise, which is expected to close in the third quarter of 2017.
The company, which launched its solution in July of 2016 has raised $3.6 million in previous funding from angel investors, including the Nashville-based NueCura Partners. The composition of early investors is primarily physicians and healthcare professionals who experience first-hand the void filled by EvidenceCare.
“We have developed a robust solution that has been incredibly well received by our target audience,” stated EvidenceCare’s CEO, Dr. Brian Fengler. “Early reception from hospitals and partnerships with medical societies have driven us to expedite critical technology advancements to accommodate integration and support our growth.” he continued.
EvidenceCare was conceived in 2014 to solve a fundamental need for healthcare providers to find and quickly digest the latest treatment guidelines. The company’s patent-pending technology was pioneered by Dr. Brian Fengler, an emergency room physician, and offers a unique dashboard interface that presents evidence-based recommendations on the unique factors of the specific patient being treated.
“We have been watching EvidenceCare’s growth over the past 9 months,” noted Reginald McGaugh, Senior Managing Director for Auctus Group. “High-growth, high-potential companies like EvidenceCare are square in the wheelhouse for our team and our investor network. We are excited about our future with them.”
EvidenceCare’s decision support tool accelerates provider workflow and enhances the patient-provider relationship by delivering the most up-to-date medical content in a manner that is quickly and easily consumable by clinicians at the bedside. The company works with industry leading experts and medical societies to create content in some of the most complex and costly conditions in healthcare. Clinical professionals can access EvidenceCare at www.evidence.care.
Nashville-based EvidenceCare is a clinical decision support platform designed by emergency physician, Dr. Brian Fengler. Unlike any tool on the market, EvidenceCare provides clinicians with access to patient specific evidence-based treatment recommendations at the bedside in as little as 30 seconds. Since its launch in July 2016, the company’s proprietary content publishing platform is delivering protocols authored by industry-leading experts to healthcare providers worldwide.
About Auctus Group
Auctus Group, Inc. is a multi-faceted financial group specializing in merger & acquisition advisory, institutional private placements of debt and equity, financial restructuring, valuation, and strategic consulting. Our experienced professionals have the necessary foresight to navigate through highly complicated transactions to maximize value for our clients and create steady growth. With best-in-class access to strategic and financial buyers, as well as capital providers, throughout the world, our bankers identify opportunities and navigate challenges with a local understanding on a global scale.