QPID HEALTH, LLC
BLUFFTON, SC

Our Mission We are dedicated to helping providers achieve their quality goals with technology that “thinks like a clinician” to translate clinical stories into actionable facts and metrics The era of fee-for-service medicine is rapidly winding down, and along with it the outdated strategy of throwing labor at problems. The days when every clinician could be an island of knowledge are over, with the need to collaborate now paramount. Revenue for providers is going to be capped, so the idea that hospitals can stay in business despite inefficiencies is no longer a reality. We recognize that external measurement demands and the limitations of health information technology can detract from the essential human experiences of healthcare. External pressures to quantify and justify clinical actions — and the heavy burden of data entry required — has led to degraded experiences for patients and clinicians. We’re on a mission to repair this situation, developing and deploying intelligent software that translates between essential human clinical stories and actionable facts and metrics. We believe that using smart technology like ours is essential to improving how healthcare works for all of us — patients, providers, and payers. Since 2013, the QPID Health’s clinical reasoning engine has analyzed 318 million clinical documents for 1.6 million unique patients and over 9000 providers. By 2012 QPID had delivered a substantial return on investment via Meaningful Use certification, avoidance of cancellations, CMS incentive bonuses, and avoiding penalties. Benefits in terms of patient safety and clinician satisfaction were clear. The idea to commercialize the software emerged. Matrix Partners became aware of the opportunity and brought together a management team and funding, and QPID Health was spun out of Partners HealthCare as a commercial venture-backed company in late 2012. In 2013 QPID Health closed more than $4 million in venture funding from Matrix Partners, Partners Innovation Fund, Massachusetts General Physicians Organization and Cardinal Partners. The user base at Massachusetts General Hospital, Brigham and Womens Hospital and across the Partners Healthcare network continued to grow. Partners Healthcare Population Health collaborated with QPID Health as part of its commitmen to 100% appropriate care for better outcomes and lower costs. The software was commercialized for deployment on top of the major electronic health record systems. New Leaf Ventures agrees to lead a Series B round of funding of $12.3 million, joined by all the original investors. We formed an Advisory Board that now includes world-renowned leaders in health information technology, quality and patient safety, and health policy: Julia Adler-Milstein, David Bates, Alan Ezekowitz, Robert Fanning, John Halamka, John Osborn, and Robert Wachter. The QPID Health team grew to include a full complement of clinical staff with deep knowledge of medical practice in addition to experts in natural language processing (NLP), machine learning, and security. Leading IDNs Providence Health & Services, Sharp Healthcare, and Sutter Health adopted QPID Health solutions while Partners HealthCare expanded their commitment across the network, integrated with their Epic EHR. We launched our solutions for clinical data registry submissions and quality reporting, which provide a whole new way to report. We also released the QPID Groupers for Epic content subscription service, to optimize Epic EHRs for clinical use. Our Mission We are dedicated to helping providers achieve their quality goals with technology that “thinks like a clinician” to translate clinical stories into actionable facts and metrics The era of fee-for-service medicine is rapidly winding down, and along with it the outdated strategy of throwing labor at problems. The days when every clinician could be an island of knowledge are over, with the need to collaborate now paramount. Revenue for providers is going to be capped, so the idea that hospitals can stay in business despite inefficiencies is no longer a reality. We recognize that external measurement demands and the limitations of health information technology can detract from the essential human experiences of healthcare. External pressures to quantify and justify clinical actions — and the heavy burden of data entry required — has led to degraded experiences for patients and clinicians. We’re on a mission to repair this situation, developing and deploying intelligent software that translates between essential human clinical stories and actionable facts and metrics. We believe that using smart technology like ours is essential to improving how healthcare works for all of us — patients, providers, and payers. Since 2013, the QPID Health’s clinical reasoning engine has analyzed 318 million clinical documents for 1.6 million unique patients and over 9000 providers. By 2012 QPID had delivered a substantial return on investment via Meaningful Use certification, avoidance of cancellations, CMS incentive bonuses, and avoiding penalties. Benefits in terms of patient safety and clinician satisfaction were clear. The idea to commercialize the software emerged. Matrix Partners became aware of the opportunity and brought together a management team and funding, and QPID Health was spun out of Partners HealthCare as a commercial venture-backed company in late 2012. In 2013 QPID Health closed more than $4 million in venture funding from Matrix Partners, Partners Innovation Fund, Massachusetts General Physicians Organization and Cardinal Partners. The user base at Massachusetts General Hospital, Brigham and Womens Hospital and across the Partners Healthcare network continued to grow. Partners Healthcare Population Health collaborated with QPID Health as part of its commitmen to 100% appropriate care for better outcomes and lower costs. The software was commercialized for deployment on top of the major electronic health record systems. New Leaf Ventures agrees to lead a Series B round of funding of $12.3 million, joined by all the original investors. We formed an Advisory Board that now includes world-renowned leaders in health information technology, quality and patient safety, and health policy: Julia Adler-Milstein, David Bates, Alan Ezekowitz, Robert Fanning, John Halamka, John Osborn, and Robert Wachter. The QPID Health team grew to include a full complement of clinical staff with deep knowledge of medical practice in addition to experts in natural language processing (NLP), machine learning, and security.