EvidenceCare, Inc.

EvidenceCare, Inc. is a US-based healthcare technology company that provides an integrated clinical decision support system, enhancing clinical workflows and improving patient care outcomes for healthcare providers. EvidenceCare, Inc. specializes in offering clinical decision support software that integrates with electronic health records.

Founded in Brentwood, US in 2016 by Brian Fengler and Jim Jamieson, the company has successfully completed 7 deals and raised a total of USD 0. 58 mn. The latest round of funding was conducted in 2023, amounting to USD 0. 58 mn, which will help enhance its product offerings.

EvidenceCare primarily offers an EHR-integrated clinical decision support system (CDSS) that enhances clinical workflows and improves patient care outcomes. This platform integrates seamlessly into physicians' electronic health records (EHR), providing crucial information without requiring additional logins, thereby minimizing interruptions during patient care. The core functionality revolves around optimizing clinical workflows, appropriate bed status decisions, and documentation during patient admission. EvidenceCare caters to health systems, hospitals, and clinicians, addressing clinical inefficiency, workforce burnout, and tight hospital margins.

The company's solutions have been successfully adopted across various geographical markets, focusing on the United States, where they help healthcare providers manage care utilization, length of stay, and associated costs effectively. EvidenceCare generates revenue primarily through subscriptions for its clinical decision support software, utilized by hospitals and health systems. The transaction structure involves direct agreements with healthcare providers, whereby clients subscribe to access the platform and its features, including advanced documentation and workflow optimization tools. Their financial model reflects tiered pricing based on the institution's size and the breadth of services required.

By fostering partnerships with healthcare entities, including integration with significant EHR systems like Epic, EvidenceCare positions itself to capture a portion of the healthcare revenue stream, ultimately aiming to provide substantial return on investment for its clients through improved operational efficiencies and reduced costs. EvidenceCare, Inc. recently raised USD 0. 58 mn in a Series B funding round led by new investors Rockmont Partners and Orlando Health Ventures.

The company will utilize this funding to support product innovation and accelerate its growth. Future strategies include expanding into new geographic regions and increasing market presence, with specific plans expected to be announced in the upcoming quarters.