By: Stephanie Baum | January 27, 2014 (Featured on Med City News)
One significant area of health IT growth has been companies that have responded to the dual need for improving communication between medical staff to reduce errors and duplicated tests and the security challenges the growing Bring Your Own Device trend poses. TigerText is a big player in that space. It’s raised $21 million to further expand its network of hospitals and health systems.
Early-stage venture firm ShastaVentures led the Series B round. OrbiMed also joined in the round as a new investor. This marks its third active health IT investment after electronic medical records provider PracticeFusion and Treato, which aggregates patient opinions on their condition and medications in real time. Other new investors included Reed Elsevier Ventures and TELUS Corp. They joined investors from the Series A round, including Easton Capital, New Leaf Venture Partners and New Science Ventures.
The Software as a Service company launched in 2010. Its technology automatically erases text messages in a span of time set by users. It notifies them when they have new messages and allows them to share messages and images with other users. It also added an open API called TigerConnect to allow customers to tailor its software to their needs.
Co-founder and CEO Brad Brooks outlined a few examples of how the API is being used. Pathology Inc., a women’s health lab, is using it to send lab alerts to its physician customers. A partnership with Ontario-based PointClickCare helped expand its secure messaging service to the senior care market. The health IT company added TigerText to its electronic medical record platform in long-term post-acute care, to create instant caregiver groups to distribute information in real time.
Last year it also collaborated with Sprint and AirWatch on a package for healthcare groups that includes secure messaging, mobile device management and wireless network access.