# HNI Healthcare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hni-healthcare

- Industry: Healthcare IT
- Headquarters: Austin, US
- Website: www.hnihealthcare.com
- Total disclosed funding: $51M
- Latest round: Series E (Jan 4, 2018)
- Investors on record: 3

## About

HNI Healthcare, Inc. provides value-based hospital medicine services through its proprietary platform, VitalsMD®, enhancing patient care by delivering real-time data for clinical management and operational efficiency.Founded in 2002 and headquartered in Austin, US, HNI Healthcare, Inc. specializes in hospital medicine services. The company has been involved in 12 deals, with its most recent funding round occurring on November 26, 2018. HNI raised USD 65 mn from CRG, marking the total amount raised to USD 65 mn. Michael Gonzales serves as both the CEO and Founder of the company.HNI Healthcare specializes in value-based hospital medicine services, focusing on its proprietary technology, VitalsMD®. This platform is designed to optimize patient care by leveraging real-time data to assist healthcare providers in managing clinical episodes effectively. HNI Healthcare targets inefficiencies within healthcare delivery, serving hospitals, healthcare providers, payors, and community organizations, particularly in regions along the southern Texas border. Their solutions aim to standardize care, reduce costs, and improve health outcomes across the healthcare landscape.HNI Healthcare generates revenue through partnerships and collaborations with healthcare providers and institutions, primarily in a B2B format. Their business model includes contractual agreements with healthcare facilities that utilize their services and technology, such as VitalsMD®, to enhance patient management processes. Revenue streams consist of subscription fees for technology usage, along with performance-based incentives tied to clinical outcomes and cost savings. This approach aims to improve operational efficiencies for clients, fostering long-term relationships within the healthcare sector.In the wake of the USD 65 mn capital raised on November 26, 2018, HNI Healthcare plans to leverage these funds to enhance its technology and expand its service offerings. The company is developing new functionalities for VitalsMD® and aims to enter additional markets along the southern Texas border by 2025, with an emphasis on improving healthcare delivery in underserved areas. This strategic expansion will also focus on increasing partnerships with healthcare providers to maximize their operational efficiencies and patient outcome improvements.

## Funding rounds

- Series E, Jan 4, 2018, $33M — Bison Capital Asset Management, Sante Ventures, Spindletop Capital
- Series D, Jan 26, 2016, $1.4M — Sante Ventures
- Series C, Dec 27, 2013, $3.2M — Sante Ventures
- Series B, Nov 10, 2011, $8.4M — Sante Ventures
- Series B, May 11, 2009, $2M — Sante Ventures
- Series A, Sep 3, 2008, $3.5M — Sante Ventures

## Investors

- Sante Ventures (https://capitalatlas.ai/funds/sante-ventures) — Series A, Series B, Series C, Series D, Series E
- Bison Capital Asset Management (https://capitalatlas.ai/funds/bison-capital-asset-management) — Series E
- Spindletop Capital (https://capitalatlas.ai/funds/spindletop-capital) — Series E