Digital Health Company Omedix Closes on $1.9M A-round financing

PHOENIX - March 16, 2016 - PRLog -- Digital healthcare company Omedix Inc (www.omedix.com) has announced the closing of their $1.9M A-round financing. The round was led by Long River Ventures and MKHB, both of Cambridge MA, and Canal Partners of Scottsdale AZ. The raising was oversubscribed.

Dr William Dolphin, CEO of Omedix, said, "I'm pleased and encouraged by the strong support of our existing investors and welcome a group of active new investors.

"The delivery of healthcare is fundamentally changing" Dolphin continued, "and is being driven by government mandates such as the Affordable Care Act and the increasing consumerization of healthcare. Omedix is on the forefront of this digital healthcare wave. We provide an integrated cloud-based line of patient engagement offerings addressing the needs of patients, healthcare providers, medical practices and insurers. Our platform technology - used by over 4,200 providers and over 540,000 patients - is delivering engaged, informed and motivated patients, improved health outcomes, medical practice efficiencies, expanded revenue sources for clinicians and reduced expenses for all key stakeholders."

The funds will be used to increase sales and marketing efforts and the expansion of product offerings.

www.Omedix.com

William Dolphin
wdolphin@omedix.com