Verisma Systems offers a service that allows healthcare providers to securely manage and fulfill requests for patient health record data. The company charges fees to provide copies of patient records. It has raised $12 million in a recent financing, with NewSpring Capital allocating $5 million from its dedicated healthcare investment fund; Blue Heron Capital and Jim Crook also participated. Verisma plans to use the funds to expand its customer base and add dozens of staff across sales, marketing, technology and its management team. The article situates Verisma in a consolidating sub-sector that includes large competitors such as HealthPort and MRO Corp. HealthPort’s merger with IOD created a business with $450 million in revenue and 6,000 employees, underscoring competitive pressure. Verisma has also been named alongside HealthPort and hospitals in lawsuits in Rochester, New York alleging that a 75-cent-per-page fee for records violates state law.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2015