Health tech startup Medcurity adds $200K in funding with plans to hire and expand training

Medcurity, the Spokane, Wash.-based startup that makes it simpler for healthcare organizations to comply with federal privateness and safety legal guidelines, has raised an extra $200,000 as a part of a seed funding spherical.

The added money from Washington Analysis Basis brings Medcurity’s total for the round to $737,500.

Amanda Hepper, who co-founded the startup alongside Joe Gellatly and launched in December 2018, stated the extra funding will likely be used to enhance Medcurity’s digital advertising presence and to expand its choices to embrace HIPAA Safety and Privateness training.

As a well being tech firm in the midst of a worldwide pandemic, Medcurity is aware of its clients are centered on that battle, whereas others are dealing with HIPAA compliance.

“We serve the healthcare group together with hospitals and practices who’re in the forefront of the COVID-19 pandemic,” Hepper stated. “Many are one hundred pc centered on addressing COVID with diminished staffs.”

Hepper stated Medcurity has seen a slight lower in enterprise, however many organizations are utilizing this time to handle HIPAA assessments and insurance policies.

Medcurity’s strategy is analogous to that of TurboTax, the web tax processing device, in accordance to a 2019 GeekWire report on the startup. The product takes customers by way of a sequence of questions that assesses the executive, bodily and technical dangers that a corporation would possibly face. Primarily based on these responses, it creates motion gadgets that may be assigned to individuals inside the group and tracked over time.

Medcurity has six staff and in the following few months plans to hire a CISO, net developer, and in gross sales.

Replace, Wednesday, July 15, 8 a.m. PT: Medcurity’s funding success continues with a $500,000 funding from SeaChange Fund. Hepper stated the extra money will likely be used to expand gross sales and advertising efforts. The startup has added a chief info safety officer, gross sales executives and added 5 interns, bringing whole worker rely to 13. Extra funds are additionally getting used to expand the Medcurity platform to embrace HIPAA Safety and Privateness training for well being group staff and compliance officers.

“They’re addressing great market wants in HIPAA compliance with their platform, Susan Preston, SeaChange managing accomplice, stated of Medcurity. “We have been impressed by their potential to hear to healthcare organizations of all sizes and to systematically handle their HIPAA ache factors by offering considerate compliance instruments, assets and steering. Our crew believes this resolution is required now!”

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