Raising Capital – what may be a typical step for a startup, signifies a very bright future for QPID and the health care industry

In case you didn’t see the news, today we announced our first round of funding. While this is certainly a typical step for an innovative startup, I believe we’ve got a unique story for a few reasons:

  • the quality and track record of our investors is first rate, with the perfect blend of tech and health care excellence
  • we raised more financing than expected, immediately expanding our capabilities for commercial growth
  • while we accepted an additional investor beyond our original plans, we had to turn away others

All of this adds up to great excitement for what we’re doing here at QPID. We believe the interest and support from such quality investors – Matrix Partners, Partners Innovation Fund, Massachusetts General Physicians Organization (MGPO) and Cardinal Partners – is a significant nod to the power of what QPID is providing to the health care industry. In step with Electronic Health Record (EHR) providers, we’re poised to make digital health management a pleasant reality.

EHR vendors have made great strides in digitizing health data. But the reality is that the switch for clinicians hasn’t been as smooth as it could be – the industry is still struggling with the marriage of data workflow and human workflow. Data is great when it’s useful – but so far, EHRs have been little more than digital repositories – actually impeding clinical workflow and in some cases, patient safety, while clinicians struggle to access and use the data within.

As a result, workflow, efficiencies, job and patient satisfaction have suffered. QPID integrates with EHRs to accelerate the data – making it easily accessible, understandable and useable within different departments – from ED to oncology to radiology, gastroenterology to cardiology, and even billing. We help assimilate both old and new knowledge, and enable clinicians to apply that knowledge to their patients, recall each patient’s individual health status and history, and communicate quickly and accurately.

Clinical studies suggest that for ideal results, one should take the objectivity of data and marry it with the reasoning capabilities of a human. QPID does just that for the health care industry – making data easily retrievable, readable and understood by both clinician and patient. Perhaps that’s why investors have already invested $4 million – nearly twice what we projected. With it, we’re disrupting health care and making the dream of digital health a reality. Stay tuned, or if you’re an institution or clinician interested in more, download ourproduct overview, and let’s get a demo scheduled.

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Building a World Class Team at Our New Headquarters

With all the buzz around Marissa Mayer’s decision to kill telecommuting, it’s an interesting time to think about the effect office space has on culture. Throughout the years of my career in building world class teams at startups (or reinvigorating them at more established companies), I have always been a big believer in the importance of a connected culture – one where team members are not only physically able to come together (perhaps not every day but certainly a few days per week), but one where their votes count in almost every aspect of the business. I don’t hire people, we hire people. And I believe having an office space conducive to working together and collaborating is key to making sure our QPIDians perform at their maximum potential.

That’s why I’m excited to announce that we’ve just moved to a new space that will allow us to collaborate better than ever as we grow QPID this year. You can now find us at One Financial Center in Boston – the hub of activity and collaboration for our talented team, as well as many other companies such as Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo, Gemvara and a host of other law firms, CPA firms, tech and financial services companies. In addition to being the seventh-tallest building in Boston, it is home to amenities (Starbucks, anyone?) that welcome our employees to work, and is touted as “the most accessible building in Boston.” After all, we’re right next to South Station and Boston’s newest great neighborhood, The Seaport Area. Making the office an enjoyable place to be – and to get to – is the first start in keeping team members engaged and happy. I am excited for what’s ahead for our team, and invite you to stop by and visit us – or stay tuned for details on our upcoming Open House. You can also view some of our candid photos from the move – and keep up with our other “moves” – on FacebookTwitter or Linkedin.

Our new headquarters:
One Financial Center, 8th Floor
Boston, MA 02111
Tel: 617.292-7743 (617.292-QPID)

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