Treatspace

Treatspace provides an innovative referral management software that enhances healthcare providers' capability to streamline referrals and improve patient care by ensuring timely communication and integration among various healthcare professionals. Founded in 2012 by Rick Cancelliere, Treatspace operates from Pittsburgh, US, and specializes in referral management solutions for healthcare systems. The company raised USD 2. 76 mn in its most recent funding round on September 30, 2015, from Birchmere Ventures, bringing the total amount raised to USD 2.

76 mn. Treatspace has successfully completed 5 deals to date. Treatspace offers a high-performance referral management software designed to streamline and enhance the referral processes within healthcare systems. The core functionality includes integration with preferred partners, facilitating seamless communication among providers to ensure timely patient appointments and the return of consult reports.

This platform automates and simplifies the workflows associated with referrals, addressing critical challenges in patient care related to fragmented networks and inefficient referral processes, and is particularly tailored for providers engaged in value-based care and at-risk contracting across the United States. Treatspace generates revenue primarily through subscription-based models, where healthcare providers pay for access to its referral management software. The pricing structure includes various tiers based on features utilized and the size of the client organization, enabling scalability. Clients typically incur annual or monthly fees to access the platform's features, which include secure electronic communication, EHR integration, and comprehensive referral analytics.

The software's capabilities not only facilitate referrals but also provide insights through performance and service-level data, supporting healthcare organizations in improving operational efficiency and patient care delivery. Treatspace plans to leverage the funding raised in September 2015 to enhance its product offerings and expand into new markets. The company is currently developing additional features for its referral management software, with plans to launch these enhancements in the coming year. Targeted geographic expansion includes reaching more healthcare providers in regions across the US, aiming for this growth by the end of 2023.