MedTrainer Fuels Expansion with Growth Funding from Telescope Partners
Investment for emerging healthcare compliance technology leader will enhance hiring, product development and market expansion
The financing builds on another exceptional year for MedTrainer, which saw significant growth in its roster of clients in primary care, urgent care, ambulatory surgery centers, hospitals, community health centers and long-term care facilities. MedTrainer will use the capital to drive aggressive expansion and continued innovation of new solutions that help organizations with training, compliance, credentialing and accreditation.
"We built MedTrainer from the ground up and are very proud of the level it has grown to organically. With Telescope, we've gained a tremendous resource—in terms of funding and in growth strategy expertise," said Steve Gallion, CEO, MedTrainer. "This partnership will help us better serve the needs of our growing client base and will further solidify MedTrainer's position as a leading provider of learning, compliance, and credentialing solutions."
Since closing the financing in August, MedTrainer has accelerated the hiring of team members, including the recent addition of Chief Technology Officer, Jonathan Wage, former CTO at OpenSky. MedTrainer will also expand its sales, marketing, product design and development teams to further address the learning, compliance and credentialing needs of healthcare organizations today.
Notably, Telescope Partners works with companies across the software and technology landscape to support long-term, sustainable business growth. Mickey Arabelovic, founder of Telescope Partners, said, "MedTrainer is uniquely positioned to tackle the ever-increasing compliance challenges in healthcare today. Steve and Jorge have done a phenomenal job building a scalable business to serve healthcare providers of all size and type. MedTrainer embodies the best aspects of being bootstrapped, lean and driven. We are excited for what they can accomplish with a true partner at their side."
To learn more about MedTrainer's tools for training, credentialing and compliance management, visit www.MedTrainer.com.
MedTrainer's award-winning compliance management suite encompasses all the tools healthcare professionals need to streamline management processes, increase departmental collaboration and simplify compliance. The company's all-in-one online compliance management suite is used by 300,000 healthcare professionals annually, representing 15,000 healthcare sites across the United States. Founded in 2013, MedTrainer supports primary care offices, ambulatory surgery centers (ASCs) as an ASCA affinity partner, urgent care facilities, multi-specialty practices, Federally Qualified Health Centers (FQHC), dental offices, veterinary practices, long-term care facilities and community health centers. Headquartered in Redlands, California, MedTrainer has offices in Denver; New York; Washington, D.C.; Queretaro, Mexico; and Mexico City. For more information, visit www.MedTrainer.com.