MD Insider has closed a $12 million Series B round led by Summation Health Ventures, which is a strategic investment fund formed by Cedars-Sinai and MemorialCare Health Systems. As part of the deal, Darren Dworkin, CIO of Cedars-Sinai, and Brant Heise, Senior Managing Director of Summation Health Ventures, have joined the company’s board of directors. The money was also provided by existing investors, including Jason Ader, Gary Winnick, Tim Ferriss, and Michael Fertik.

MD Insider will use the funds to accelerate its expansion, and sales and marketing efforts; moreover, it will continue to grow its enormous pool of proprietary data that fuels its Physician Performance Transparency solution.

“This funding will accelerate MD Insider’s growth in the provider space and will help to make our solution the standard in the industry,” said David Norris CEO of MD Insider. “I am very pleased to have Summation Health Ventures involved, which truly underscores the value that MD Insider’s solution brings to the market.”

MD Insider has processed and analyzed billions of health records, covering more than 250 million patients, 850,000 doctors, over 6,000 hospitals, and more than 30,000 diseases and conditions. Its solution provides the most advanced performance transparency in healthcare today, which helps consumers to better select providers, and helps health systems to better participate in risk-based products. In addition, using big data to understand the performance of physicians, enables Health Systems to optimize and improve the quality of care that they bring to their patients.