Inc, ArborMetrix. , a leading provider of real-time healthcare analytics, today announced that it has closed $7 million in Series B financing under RPM Ventures (RPM) alongside existing investor Arboretum Ventures. The Wolverine Venture Fund also participated in the financing of
The investment will accelerate the national market expansion of ArborMetrix to meet rising demand for its proven, risk-adjusted, real-time clinical performance analytical tools. ArborMetrix analytics enables healthcare providers and payers to improve the quality, safety and cost-effectiveness of surgical and other specialized care.
‘RPM Ventures is always looking for technology companies in the Great Lakes region that have the potential to revolutionize the industry and Ann Arbor, Mich. -based ArborMetrix is perfectly positioned to do just that,” said Tony Grover, Managing Director of RPM Ventures. ‘The company’s proven breakthrough clinical performance analytics technology and unrivaled speed-to-value positioning it perfectly to help a wide range of organizations adapt to the emerging transformation of the nation’s healthcare delivery system. ”
Grover continued, ‘Their success is generating increasing national interest and we are excited to join forces with Arboretum Ventures, a venture capital firm with deep experience in the healthcare sector, to help ArborMetrix achieve its full market potential. ”
ArborMetrix Chairman of the Board Paul McCreadie, Managing Director of Arboretum Ventures, shared his excitement about the positive impact that ArborMetrix can offer as the healthcare sector shifts from rewarding the amount of care provided to the value of care received.
‘ArborMetrix’s analytics platform enables healthcare providers and payers to evaluate the effectiveness of evidence-based care that will be essential for survival as the healthcare system evolves,’ McCreadie said. ‘And, even during this transitional period, they can offer a return on investment in months—not years. RPM brings with it a wealth of expertise in software development and marketing that will help accelerate our growth. ”
Grover will join the Board of Directors of ArborMetrix and McCreadie will remain Chairman of the Board of Directors.
ArborMetrix CEO Brett Furst said, ‘We are fortunate to partner with these two outstanding companies to provide ArborMetrix with additional support and resources far beyond their financial support to help us reach the next level of success. We look forward to continuing to arm healthcare providers and payers with the most advanced analytics they need in today’s dynamic healthcare environment to help deliver the highest quality of care at the lowest possible cost. ArborMetrix has experienced exponential growth, and closing this funding round will allow us to continue to build momentum by expanding our footprint and enhancing our industry-leading solution. ”
On RPM Ventures
RPM Ventures (RPM) is a seed and early stage venture company based in Ann Arbor, Michigan. In general, RPM invests in information technology (IT) across the Great Lakes Region and nationally in the areas of expertise of the company, including: the IT and connected car automotive industry, solutions for industrial and retail enterprises, e-commerce, online markets, and cloud and social media infrastructure. The combination of West Coast entrepreneurial experience and roots in the Great Lakes Region enables RPM to bring a unique investment perspective, as reflected in the company’s integration of Silicon Valley culture and relations with the Midwest Labor Ethics and Core Values. Find out more at: http://www Please rpmvc Com/about-us/what-we-invest-in/#shash (j5Pdi270) The dpuff
On the Arboretum Ventures
Arboretum Ventures (Arboretum) is a venture capital company specializing in the healthcare sector. The company is investing throughout the United States, but with a special interest in the Midwest. More than just a financial resource, Arboretum is a collaborative, value-added investor that actively engages companies in strategy, operations, recruitment, fundraising and exit planning. Founded in 2002 and based in Ann Arbor, Michigan. , Arboretum currently manages approximately 235 million dollars in capital Visit http://www to learn more Arboretumvc: Com/about the Php’s
On the ArborMetrix
Inc, ArborMetrix. Based in Ann Arbor, Micha. , is a healthcare analytics and software company specializing in quality measurement, cost-efficiency and performance improvement for surgical and other acute hospital and specialized care. The company focuses on the development of rigorous data analysis and actionable business intelligence solutions that raise the bar on quality, performance, utilization and cost-effectiveness for hospitals, health systems, specialty societies, quality collaborations and health plans. The unique cloud-based technology of ArborMetrix has evolved from groundbreaking research by the company’s founders to improve the quality of surgical care and econometric performance measurement. Visit
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