Surgery Coordination Technology Receives Investment From Nueterra Capital
SANTA MONICA, Calif.–(BUSINESS WIRE)–Casetabs, the pioneer of cloud-based surgery coordination technology, today announced it has received a total of $6 million in Series A financings to scale its surgery coordination application. The funding will be used to expand market awareness and increase product value through new electronic medical record (EMR) integrations and deeper patient engagement. The company will also look to expand its presence within the hospital market.
The Series A was led by Nueterra Capital, a leading healthcare VC firm specializing in technology and services that improve the delivery of surgical care, and Evolution Financial Group, a global investment firm with deep roots in technological interconnectivity.
According to Casetabs Founder and CEO, Gavin Fabian, Casetabs was created to solve a very real communication problem that many on the company’s leadership team had direct experience with. Fabian notes, “Together with our team and customers, we have built a proven solution that breaks down traditional communication barriers between surgery centers, physician offices, hospitals, anesthesiologist groups and medical vendors. With Nueterra Capital’s investment and strategic value, we will greatly expand our reach as we work to completely eradicate surgery communication issues.”
Launched in 2016, Casetabs’ award-winning surgery coordination application is changing how surgeries are coordinated by ensuring everyone involved in a case is continuously and instantly on the same page. In just two years, Casetabs has grown exponentially from five centers to 100 centers and 500 physician practices, almost entirely through referrals.
“We invested in Casetabs because we have confidence in the team and believe their product can transform the way surgical care is coordinated. Today, healthcare providers operate in silos, using a confounding variety of systems that don’t talk to each other, which ultimately leaves physicians and patients frustrated and burdened with unnecessary costs. Casetabs has an opportunity to be the central hub” said Jeremy Tasset, CEO, Nueterra Capital.
For additional information on Casetabs, please visit www.casetabs.com.
Today, over 100 million surgeries are coordinated in the US every year with fragmented chains of emails, text messages, phone calls, and faxes. Casetabs replaces these ineffective and error-prone methods with an intuitive central coordination hub, which delivers real-time case information and updates to facility staff, physician office staff, physicians, and vendor reps. Casetabs is based in Santa Monica, CA. For more information, visit www.casetabs.com.
About Nueterra Capital
Nueterra Capital is a healthcare-focused private equity firm that invests in companies on the leading edge of healthcare reform. Nueterra invests in healthcare providers, services and technology companies whose business model reshapes the healthcare industry through advanced payment methods, innovative risk transfer models, data analysis, and advocating patient consumerism. Nueterra Capital has offices in Leawood, KS and Nashville, TN. To learn more, visit www.nueterra.com.
JABB Communications for Casetabs
Julie Dearing, 713-201-9000