Secure communications provider Doc Halo has scored new financing to help add features to its clinical communications and patient engagement platforms.
Cincinnati-based Doc Halo said it has secured $11 million in a new series A funding round led by Bain Capital Ventures. It is the first time the company has worked with outside investors since it was founded seven years ago.
Doc Halo makes real-time clinical communication tools—such as a secure, HIPAA-compliant texting platform that's available through an Android and iOS app or via the web—as well as a patient-engagement tool, Patient Halo. Healthcare systems across the country, including Trinity Health and the University of Maryland Medical System, use Doc Halo's tools.
Real-time communication is key in healthcare, Doc Halo CEO Dr. Jose Barreau said. Almost 80% of serious medical errors involve communication problems during patient transfers, according to the Joint Commission Center for Transforming Healthcare. "Time matters in healthcare. How quickly you get a critical lab result back matters," Barreau said. "With Doc Halo, the lab comes out, boom—it hits your phone in 10 seconds. That changes the whole dynamic of acting on actionable intelligence and results."
The funding comes after a period of growth for Doc Halo, which announced last November that it would add 65 new jobs over the coming months.