SAN FRANCISCO, July 14, 2022 /PRNewswire/ — Canvas Medical, the EMR that enables clinicians and developers to power the future of care delivery, has raised $24MM in Series B funding led by M13 with participation from Haystack and previous investors Inspired Capital, IA Ventures, Upfront Ventures, and Irongrey. Canvas provides a full-stack ambulatory EMR and digital health developer platform, enabling both established and startup healthcare providers to launch new patient experiences and business models faster.
In addition to this funding, Canvas has achieved federal certification through the Office of the National Coordinator for Health Information Technology (ONC). The ONC certification represents a major product milestone for the company: Canvas is one of the first EMRs in the United States to support a standardized patient data API as envisioned by the 21st Century Cures Act. Additionally, with this certification, Canvas customers are now eligible for value-based payment models in Medicare and Medicaid programs, as well as many commercial value-based programs.
Founded in 2015, Canvas is reimagining the EMR for the future of healthcare. Customers include care delivery companies like a mental health startup that uses Canvas to create custom clinical pathways, support telehealth scheduling and charting, and drive care team collaboration with their patient app); and a primary care provider for adults 65+ that uses Canvas to embed clinical workflows into the point of care and enables patients to communicate with providers through Canvas’s APIs. Canvas’s suite of products are highly customizable by developers, seamless for providers, and give care delivery companies full control over their patient experience.
“The healthcare industry is at an inflection point: software developers are now de facto members of the care team at leading care delivery companies. With new entrants coming to market daily and established players investing in innovation, Canvas is a best-in-class platform partner for the full spectrum of those building new models of care,” says Andrew Hines, Founder and CEO of Canvas Medical. “It is inspiring to see at each of our customer organizations how their clinicians and developers work together in Canvas to build and refine the best possible model of care for the patients they serve.”
“We are thrilled to lead the Series B in Canvas Medical,” says Latif Peracha of M13. “Canvas serves digital-enabled care-delivery companies and fosters developer-caregiver collaboration to design and implement better care models for patients. Canvas is building the enabling infrastructure to power the entire digital health market, and we believe they will win by driving competition among services and applications that touch the end patient. Canvas’s ONC Certification is a significant milestone that sets Canvas apart from other modern EMRs and is a testament to the maturity of their product.”
“Canvas has enabled us to get our care delivery operations up and running much faster and with far less resourcing than we possibly could have done with any other EMR,” said Chris Hogg, founder and CEO of Marley Medical, a virtual primary care clinic. “As a provider to patients with complex chronic disease, including patients on Medicare, the Canvas team’s commitment to achieving ONC Certification was a critical part of our decision to work together.”
Since launching its self-serve suite of developer tools last fall, Canvas has seen more than 300% growth in customer accounts. With this funding, Canvas will continue to invest in bringing additional enterprise-grade capabilities to market, including security and governance features that put Canvas at the cutting-edge of extensibility and interoperability.
About Canvas Medical
Canvas Medical, founded in 2015, provides the digital infrastructure for care delivery companies. Its offerings include an ONC-Certified EMR with intuitive care coordination and management workflows, a FHIR API and Workflow SDK that provide industry leading platform extensibility, and end-to-end RCM functionality. The company works with customers of all care models and verticals, from direct-to-consumer virtual care to at-risk complex care and everything in between. For more information about Canvas Medical, visit canvasmedical.com.
Press Contact:Â press@canvasmedical.com
Source: https://www.prnewswire.com/news-releases/canvas-medical-achieves-onc-certification-raises-24mm-to-power-clinicians-and-developers-building-and-scaling-digital-health-companies-301586779.html