Epion Health has closed a $4.5 million Series A financing round with Deerfield Management Company, a New York City-based investment firm which will also bring its strong healthcare industry expertise and robust research arm to the table. The company plans to use the new money to bring its iPad-based digital check-in and patient engagement platform to healthcare facilities around the country.
“This additional capital comes into the company at an exciting time. We now have the necessary resources for the foreseeable future to capitalize on a very large market opportunity,” said Epion’s CEO Joe Blewitt. “In addition to growing our sales and operations teams, a portion of the funding will be used to continue to enhance our product for our rapidly growing network of providers. Our focus is on helping our providers increase revenues, decrease costs and improve patient satisfaction and patient outcomes.”
Just recently Epion managed to team-up with athenahealth and bring its solution to Athena’s network of 52,000 plus providers.