American healthcare analytics startup QualMetrix closes Series A funding

By VCPOST Staff Reporter

Feb 15, 2014 12:40 PM EST

Healthcare analytics firm QualMetrix has recently closed it Series A funding round. The latest financing brings the startup's total raised capital to almost $2 million, according to Fox Business.

Chief Executive Officer Adam House, Sr. said of the company: "We're a high performance analytics company for health care. Our typical customers are Blue Cross Blue Shield, Humana ... and we're working directly with CFOs to help them reduce costs and improve quality."

The firm launched its service last year. Now, it already has established headquarters in Miami, Washington, and Boston. According to House, the startup has already closed one acquisition deal. QualMetrix aims to acquire more related companies as part of its bid to expand its product offerings, the report detailed.

House also said the acquisition of Visual Intelligence the company's development by almost two years. He added that in order to make future acquisitions, QualMetrix would have to raise more funding, Fox Business reported.

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