MedVirginia
Latest round
- Series A
Last raised
- Feb 2019
Total raised
- Undisclosed
Investors
- 1
About MedVirginia
MedVirginia, Inc.Founded in 2000 and headquartered in Richmond, US, MedVirginia, Inc. specializes in electronic health record management. The company has undergone strategic shifts to enhance its service offerings and has completed 2 deals to date, with the most recent deal occurring on April 12, 2022.Clareto’s core offering is its EHR+ solution, a comprehensive and interoperable platform designed to streamline the assessment of risk through efficient electronic health record (EHR) data management. EHR+ enables insurers and data providers to access digital health data without requiring consumer portal credentials or additional identity verification, ensuring a frictionless experience. The solution facilitates HIPAA-authorization-based access to consolidated and normalized health records, enhancing usability through algorithm-ready data that optimizes decision-making in underwriting processes. Clareto's customers primarily include insurance companies and healthcare data providers, all seeking to improve the efficiency of risk assessment and data retrieval across the EHR life cycle.Clareto operates on a pay-as-you-go pricing model, eliminating implementation or startup fees for its EHR+ solution. Revenue generation primarily occurs through B2B transactions with insurance providers and data partners who utilize the platform for streamlined access to health records. Clients engage in service agreements that allow them to configure targeted data retrieval strategies according to their specific needs, leading to transactional revenue based on the volume of data accessed. The company’s transactional structure is designed to provide flexibility and scalability, supporting an extensive range of clients within the life insurance sector.With the recent acquisition by Munich Reinsurance America in April 2022, MedVirginia, Inc. is positioned for significant growth. The company plans to expand its EHR+ solution and enter new markets across North America, targeting both insurers and healthcare providers by the end of 2023. The acquisition will facilitate the development of new features and enhancements for EHR+, leveraging additional resources to strengthen its market position.
Who invested in MedVirginia
1 investor across 1 round
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Funding rounds
Series A
Feb 21, 2019
Amount
Undisclosed
Investors
Questions about MedVirginia
Who invested in MedVirginia?
MedVirginia has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MedVirginia raised?
MedVirginia has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did MedVirginia last raise money?
MedVirginia's most recent round on record is a Series A, in Feb 2019.
What does MedVirginia do?
MedVirginia is a software company.
Where is MedVirginia headquartered?
MedVirginia is headquartered in Richmond, US.
Which VCs invest in companies like MedVirginia?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at MedVirginia's stage. Their profiles are linked below.
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