drchrono closes $2.8 million round of funding

drchrono, the company that is transforming the focus of healthcare from the enterprise to the provider, today announced it has closed a $2.8 million round of funding led by Yuri Milner and featuring new investors that share a legacy of innovation and business transformation.

Prominent Internet investor, Yuri Milner, who previously invested in drchrono as part of his pledge of support to Y Combinator startups, led this round of funding. Other investors also joined the round, including Matt Cutts, a leader in the search quality group at Google.

"The drchrono team has built an incredibly exciting product that helps physicians modernize their practice and enhances quality of care for patients," said Yuri Milner. "I am pleased to be a part of drchrono's growth and development."

This week the company released their new "Billing Center," which simplifies a medical practice's revenue stream. drchrono's driving focus is on empowering doctors with amazing technology, delivering a medical platform to doctors using iPads, iPhones and tablets, rather than the typical enterprise applications which require locally installed software and expensive managed servers. With Billing Center, physicians can sign up to do medical billing and start getting payments within days directly from their iPads. This makes medical billing a simple process, especially compared to what physicians experience currently where they have their billing handled by legacy vendors who are laden down with paper enrollment forms. The platform is already compliant with the government's new payment standards, 5010, which supports ICD-10 and ICD-9 medical codes.

"With just an app on the iPad, we can instantly deliver new technology to our doctors that streamlines their workflow and slashes bureaucratic costs," said Michael Nusimow, CEO of drchrono. "Rather than spending tens of thousands of dollars on consultants and updates to enterprise software systems, we can deliver a fully compliant, end-to-end platform that any provider can learn to use in minutes."