Kyruus has raised $25 million to further build its commercial team and support the rapid adoption of its ProviderMatch technology, which helps hospitals optimize patient access and referral management. New Leaf Venture Partners led the round, with participation from Providence Health & Services, Leerink Capital Partners, and McKesson Ventures, as well as return investors – Venrock, Highland Capital Partners, Lux Capital, and Fidelity Biosciences.
Kyruus will use the financing to expand the size of its client development and implementation teams that work with client organizations.Kyruus’ SaaS solution has been adopted at several leading health systems, including Keck Medicine of the University of Southern California (USC), Mercy Health in Ohio, Community Health Network in Indiana, and Swedish Medical Center in Seattle. Overall, the system is now helping manage scheduling and referral management for more than 20,000 providers, which have seen productivity increases of 5-10 percent.
Kyruus will use the financing to expand the size of its client development and implementation teams that work with these organizations to ensure that their patient access goals are met. The company will also invest in expanding the surface area of its product platform, including its patient-facing search and online scheduling, network analytics, and patient CRM capabilities.
“Too often today, patients fail to get matched to the right provider for their healthcare needs,” said Dr. Graham Gardner, CEO and Co-Founder of Kyruus. “By taking a data-driven approach to understanding each provider’s unique set of skills, we can help make sure that patients are referred to the provider best qualified to care for their condition. When this match is made, patients, providers, and the health network all win.”