MedCurrent secures new financing from BDC Venture Capital
MedCurrent Corporation, a provider of Medical Appropriateness Decision Support technologies with a focus on radiology, has closed a new round of financing, raising $ (Premium contents. Be first to know: Subscribe) million from BDC Venture Capital.
MedCurrent is backed MaRs managed The Investment Accelerator Fund (IAF) and private investors.
MedCurrent’s OrderRight™ allows physicians to order the right radiology procedure for their patients the first time, every time. With the added capability to obtain all required pre-authorizations from participating insurance providers, OrderRight provides a greatly improved radiology workflow allowing fast, accurate and timely radiology procedures.
MedCurrent was founded by Dr. Stephen Herman in 2003. Dr. Herman’s former company, Interpra Medical Imaging Network Ltd., a developer of Java-based clinical workflow and information management software, was acquire by Merge (NASDAQ: MRGE) in 1999.
Ted Liu Ted is an editor of CanadianPrivateEquity.com and Research Director for CVCA - Canada's Venture Capital and Private Equity Association. Ted has been following Canadian venture capital and private equity industry since 1993.