PerfectServe has raised $21 million for its secure communication and collaboration platform. MemorialCare Innovation Fund (MCIF), a strategic investment fund associated with MemorialCare Health System, led the round with participation from CHV Capital, an investment arm of the Indiana University Health System; Piper Jaffray; and River Cities Capital Funds; and new investor – Ares Capital Corporation. The funds will be used for the growth and innovation of the company’s flagship solution, PerfectServe Synchrony.

“Due to changing care delivery models, there is a need for care team members to work together more effectively, increasing the demand for more timely, accurate and secure communication,” says Terry Edwards, president and CEO of PerfectServe. “This financing allows us to build on the incredible market demand by further expanding our platform capabilities and making an impact in more healthcare organizations.”

According to a 2013 Frost & Sullivan report, there is a clear need for advanced data management and communication systems that can securely address existing communication challenges in hospitals. The new flux of capital from strategic investors provides PerfectServe with the resources and partnerships to leverage its communication and collaboration platform to improve care coordination, patient experience and outcomes.