Arrowlytics, LLC (‘Company’), a leading provider of cloud-based business intelligence (‘BI’) and analytics solutions for healthcare providers, today announced the completion of $3 million in equity financing from a group of strategic investors led by Surgical Care Affiliates (‘SCA’) The company will use the proceeds of funding to expand sales and marketing initiatives, further strengthen implementation and support and expand product capabilities.
Arrowlytics was formally established in 2014 to market the healthcare data-warehouse originally designed alongside the OrthoCarolina management team and physicians, a nationally recognized orthopedic group based in Charlotte, NC. The company currently serves a number of leading orthopedic group practices and is experiencing strong market reception and impressive growth.
Jason Strauss, Senior Vice President of Operations, SCA, said, “We are pleased to make this investment in Arrowlytics and look forward to working collaboratively with the company to help accelerate the adoption of their products to better enable and support physicians with proven and integrated technologies. ”
‘Healthcare providers are seeing an explosion in data from an expanding database of data sources and need a platform to convert that data into knowledge to improve decision-making and measureably improve outcomes across all performance categories, including operations, clinical quality and outcomes, financial and patient satisfaction,’ said Steve Hendrick, CEO, Arrowlytics. ‘We have built and continue to enhance our platform to do just that, and our customers realize a significant return on investment. We sincerely appreciate the strong support of a prominent group of existing and new strategic investors, which can add tremendous value to the Company and help our continued growth and development. ”
Richelle Cox, COO, Arrowlytics, commented, ‘Physicians increasingly recognize the need for sophisticated BI solutions and analytical solutions provided by an organization that understands its business and its unique operational features. Our organization is based on a background in healthcare operations and we are focused on helping our customers use our tailored solutions to meet their objectives. We’re excited about this tremendous opportunity in front of us. ”
Around Arrowlytics, LLC
Arrowlytics is a leading provider of BI and analytics solutions to healthcare providers. The company’s data warehouse collects and integrates data from multiple disparate systems into a robust, single-source business intelligence dashboard via a cloud-based technology platform. The Company’s platform allows its customers to monitor performance across a number of key performance measures derived from all of the organisation’s data. Connect to Arrowlytics at www Arrowlytics: Com or LinkedIn
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