BloomAPI<\/a> is announcing a $2.4 million seed round this morning for its solution to the broken medical records release process. It\u2019s no secret that the entire U.S. healthcare system is held back by antiquated technology \u2014 but unlike many competitors, BloomAPI offers a solution that works with, and not against, the old-school technologies that are still the unfortunate reality for the industry.<\/p>\nBloomAPI sits on top of existing systems, integrates quickly and doesn\u2019t cost doctors a dime. As a result of this orientation, the solution doesn\u2019t functionally change any existing human processes. When it comes to privacy, patients are still expected to sign all the same documentation and waivers they traditionally would for record releases \u2014 it\u2019s just the conduit for the actual document transfer that has been streamlined.<\/p>\n
Michael Wasser, founder and CEO of BloomAPI<\/p>\n
The company makes its money by charging third parties, like insurance companies and other vendors, for API access. This allows the company to scale faster across doctors\u2019 offices to give the myriad medical record salve startups a run for their money.<\/p>\n
\u201cWith BloomAPI, data sharing just becomes simple,\u201d asserted Michael Wasser, founder of BloomAPI in an interview. \u201cThis way you don\u2019t even have to question whether a medical record is available.\u201d<\/p>\n
To date, BloomAPI has onboarded 300 doctors with access to more than 1 million individual files. That process is clearly more difficult and decentralized than a traditional big-ticket enterprise SaaS contract, but\u00a0Wasser tells me this is part of his secret sauce.<\/p>\n
Other competitors have taken a top-down approach, promising to fix the massive medical records problem by promising interoperability across major hospital groups. Wasser believes this is the wrong strategy, and many players attempting to make it work are getting caught up in complex negotiations with maligned incentives.<\/p>\n
\u201cDoctors hear \u2018interoperability\u2019 and say this will come but it never actually shows up,\u201d explained Wasser. \u201cWe are saying, you already do medical record releases, we just want to make it happen better.\u201d<\/p>\n
The company plans to continue to simplify the onboarding process for doctors and begin introducing some machine learning capabilities.\u00a0If BloomAPI is able to sit on top of disparate systems of record, it would have the opportunity to take a more active role in organizing medical records. Some day this could mean pulling diagnosis codes from paper documents and classifying documents.<\/p>\n
Today\u2019s round also included Y Combinator, Slow Ventures, Founders\u2019 Co-Op, Section 32 (Bill Maris\u2019s new fund), Liquid 2 Ventures, Fifty Years Fund, TWB Investment Partnership, Wei Fund,\u00a0Parker Conrad and other angels.<\/p>\n
<\/p>\n
Featured Image: Medioimages\/Photodisc\/Getty Images<\/small><\/p>\n
Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/M_BocLjIkd4\/<\/p>","protected":false},"excerpt":{"rendered":"
Seattle-based BloomAPI is announcing a $2.4 million seed round this morning for its solution to the broken medical records release process. It\u2019s no secret that the entire U.S. healthcare system <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-7388","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t
![](\"https:\/\/i0.wp.com\/rsoftsolution.com\/blog\/wp-content\/plugins\/RSSPoster_PRO\/cache\/f4b1c_gettyimages-56362904.jpg?w=640&ssl=1\")
<\/p>\n![\"\"](\"https:\/\/i0.wp.com\/rsoftsolution.com\/blog\/wp-content\/plugins\/RSSPoster_PRO\/cache\/f4b1c_headshot-mwasser.jpg?resize=350%2C426&ssl=1\")
<\/p>\n