Population health IT company Forward Health Group has raised $5 million in its first major financing round since 2009, MedCity News is reporting. The Madison, Wisconsin-based company got the cash from healthcare focused venture firm Triple Tree Capital Partners in Minnesota, as well as few angel investors and a not-for-profit foundation.

The new money will be used to support growth and eventually expand into analytics tools.

The new money will be used to support growth and eventually expand into analytics tools.Forward’s software aggregates disparate clinical and administrative data to help hospitals, associations, clinics visualize their data through a flagship product called PopulationManager. It allows institutions to zoom in on patients and zoom out and compare physician performance, and address things like supply, strategy and revenue.

In addition to hospital and health systems, the company is working with few organizations such as the American Heart Association, the American Cancer Society and American Diabetes Association through a program called Guideline Advantage. Forward’s technology powers the program that provides physicians with snapshopts of their patient population by condition and shows physicians how they score. The idea here is to support healthcare groups as they move from a fee-for-service care model to payment based on performance and patient outcomes…