Parker Health, a company that offers digital technologies to the US healthcare sector, has closed a Series A round worth $25m.
The Washington, US-based company will use the funding from the round, which was led by Bias Capital, to build upon its technology range and expand with global teams.
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The 2019-founded company’s lead product is its cloud-based health management system, called Parker Suite, that organises patients’ electronic health records with artificial intelligence processing.
Microsoft, Google, and Garmin are current clients.
According to Parker Health, the platform is the first fully Fast Healthcare Interoperability Resources (FHIR) electronic health record on the market.
The Mexican American company has also developed a subscription health service to connect patients with local healthcare professionals. Primary and specialty care, annual physicals, immunisations, diagnostic testing, and screenings are some of the services included in the coverage plan.
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By GlobalDataA healthcare management report by GlobalData says that systems targeting full interoperability of health data is a trend that is driving the personal health data market. However, the report states that a possible challenge to the market is privacy concern, with cybersecurity occupying an ever-more important role in healthcare systems. This week, HCA Healthcare revealed that a data breach led to approximately 11 million patients’ data was leaked.
