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QuantiaMD Receives $12 Million in Funding

October 30, 2012
by Gabriel Perna
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QuantiaMD, a provider of an online physician community platform, has closed a $12 million expansion round from investor Fuse Capital, the company announced. The company says the money will be used to meet a demand from payers and health systems that are attempting to engage and align physicians to achieve various quality-of-care objectives, both federal and otherwise.

 “Most health plans and hospitals still rely heavily on homegrown portals, fax and mail to communicate with physicians,” Eric Schultz, CEO of QuantiaMD, said in a statement. “These methods are time-consuming, antiquated and ineffective, given how physicians work today. Our scalable platform is fully mobile and easy to leverage for clients who need to engage physicians in fast, high-quality interactions that drive education and positively impact clinical behavior.”

Thus far, Quantia says it has more than160,000 registered and validated physicians, 500 expert faculty from top institutions, and users are on it an average of 45 minutes per week. Also, a third of its users use it on mobile devices.

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