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MPIRICA Health Announces $4.6 Million Funding Round to Deliver Surgery Outcome Scores of Doctors and HospitalsSEATTLE, April 25, 2017 /PRNewswire/ -- MPIRICA Health, Inc., a leading healthcare quality transparency startup, today announces a $4.6 million funding round led by OurCrowd, the world's leading equity crowdfunding platform, with participation from a private Seattle-based equity fund. The company plans to use proceeds from this round to fuel its national roll-outs to customers in the Medicare Advantage and employer benefits space, and to scale its cognitive technology platform so that more people and organizations can readily access the best healthcare outcome information for their specific surgical needs. MPIRICA's 3-digit metric is simple to access and easy to understand. Available instantly online, the quality score summarizes the actual performance of surgical providers based on clinical outcomes. To produce these consumer-friendly, yet scientific hospital and surgeon scores, the company leveraged a deeply experienced team of data scientists and medical doctors. The company's proprietary quality score methodology is based on decades of analyzing and risk-adjusting claims data from insurance companies, commercial payers, the federal government and health systems. "Armed with this funding, we are thrilled to be able to mainstream the only outcomes-based, trusted quality score for the benefit of payers, healthcare consumers, as well as providers, and to scale our operations and technology," commented Shakil Haroon, Founder and CEO of MPIRICA. The MPIRICA Quality Score reveals a wide range of outcomes across the country, from poor-performing to superstar-lvel surgeons and hospitals in almost every city. The company already has launched scores for 864 different procedures. In addition to scoring outcomes, the company's cloud platform delivers integrated cost efficiency measures that allow payers to identify the intersection of the most effective and efficient surgery providers in each region of the US. "MPIRICA's current commercial agreements with several leading healthcare management companies position the company for rapid growth and significant impact in shaping the standards of healthcare quality transparency," said Eduardo Shoval, Chairman of MPIRICA's Board of Directors and a General Partner at OurCrowd First – the fund that led the investment. "The company has validated the utility and versatility of its platform by providing instant data to patients, who urgently need information to make informed surgeon and hospital selections while effectively delivering cognitive management tools to healthcare businesses who must manage costs and patient risk." MPIRICA's services are delivered to partners via API and through the company's platform at www.mpirica.com. About MPIRICA Health, Inc. About OurCrowd First OurCrowd First is managed by General Partners Eduardo Shoval, Yori Nelken and Avi Reichental, three seasoned parallel entrepreneurs who bring to the fund's portfolio decades of executive management and corporate leadership experience in growing early-stage startups to convincing scale with successful outcomes. Since its inception, OCF has been recognized as 'Israel's most active early-stage VC'. Through its funds, OCF has already invested in some 19 early-stage ventures, guiding some of the most promising Israeli and global exponential-tech startups.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mpirica-health-announces-46-million-funding-round-to-deliver-surgery-outcome-scores-of-doctors-and-hospitals-300444406.html SOURCE MPIRICA Health, Inc. |