Welcomes Three Portfolio Companies to San Francisco-based Accelerator; Expands Accelerator Into Austin, Texas; and Issues Call to Innovators to Join the MDP Initiative
WATERTOWN, Mass., May 27, 2015 (GLOBE NEWSWIRE) -- athenahealth, Inc. (Nasdaq:ATHN), a leading provider of cloud-based services and mobile tools for medical groups and health systems, today announced:
The growth of its San Francisco More Disruption Please (MDP) Accelerator with three SF-based portfolio investments;
The expansion of the Accelerator program into Austin, Texas; and
An open call for mid-stage, disruptive health care startups local to Boston, San Francisco, or Austin that seek a tailored accelerator program from which to scale.
Three New Companies Come Aboard
Today, MDP welcomes three portfolio companies to its new San Francisco-based Accelerator. Joining the roster is:
Hale Health, a clinical communications platform that connects providers and their patients between visits;
Lifesquare, a patient-controlled and patient-owned health data solution that securely relays a patient's essential health information to qualified health care professionals via a quick response (QR) code; and
PatientPop, the first practice growth platform and all-in-one health care provider solution for patient acquisition, retention marketing, reputation management, and insights.
These companies join the MDP Accelerator's expanding list of portfolio companies, including Boston-based Arsenal Health, RubiconMD and CredSimple. All investments receive seed funding, free office space, mentorship, and access to athenahealth's growing network of 64,000 providers.
"There's substantial opportunity to improve health care delivery and create efficiencies within, as well as outside the traditional exam room," said Anna Larson, CEO of Hale Health. "By joining athenahealth's MDP Accelerator program, we can grow the number of health care providers who are able to deliver effective and seamless remote care. athenahealth offers an easy path for expedited integration, which will allow our service to become available at scale to thousands of providers. We're thrilled to partner with one of the industry's leading mission-oriented players and plug into the power of health care's largest national cloud network."
"Transforming an innovative solution into a business and gaining traction in the health care market is an uphill battle that too many entrepreneurs face," said Kyle Armbrester, vice president of business development, athenahealth. "At athenahealth, we are uniquely positioned to support the next generation of health care innovators, and see it as our responsibility. We are excited to offer in-house expertise to help our portfolio companies refine their solutions and scale within the athenahealth userbase and beyond."
Open Call for Health Care Startups in Boston, San Francisco, and Austin
The MDP Accelerator program is looking for high-potential start-ups with provider-facing solutions that enable great things to happen in health care. The MDP Austin Accelerator is now accepting applications from local, mid-stage health care startups, while space for the accelerator will be determined in the coming months. MDP Accelerator locations in Boston and San Francisco will continue to assess applications on a rolling basis.
athenahealth is a leading provider of cloud-based services for electronic health records (EHR), revenue cycle management and medical billing, patient engagement, care coordination, and population health management, as well as Epocrates and other point-of-care mobile apps. We connect care and drive meaningful, measurable results for more than 64,000 health care providers in medical practices and health systems nationwide. For more information, please visit www.athenahealth.com.
About More Disruption Please (MDP)
More Disruption Please (MDP) is athenahealth's innovation and partnership program. Since 2010, MDP has been committed to disrupting the status quo in health care by delivering access and connectivity to innovative solutions. The MDP Network, which began by bringing like-minded health care professionals together through conferences and hackathons, now boasts over 2,500 members. The athenahealth Marketplace, introduced in 2013, integrates best-in-breed technologies into athenahealth's cloud-based network to offer complementary services that enhance athenaNet®. The Accelerator is the third pillar of the MDP program.
CONTACT: Holly Spring
athenahealth, Inc. (Media)
athenahealth, Inc. (Investors)