Radiology data analytics vendor Quinsite has raised $5.5 million in series A financing, leaders announced on Wednesday.
The funds come by way of investment firms including Fulcrum Financial Partners, Front Porch Venture Partners and the Triangle Tweener Fund, among others. Chapel Hill, North Carolina-based Quinsite said it will use the money to fuel growth initiatives and expansion in other specialties such as pathology, anesthesiology, orthopedics and emergency medicine.
Founded in 2017, the firm said it serves 50 of the top U.S. radiology practices, providing software that analyzes clinical, financial and operational data streams to provide practice insights. The company also collected another $2.5 million in seed funds in early 2022.
The Radiology Business Management Association announced a partnership with Quinsite on May 2, with the vendor developing a new survey engine for practices. Vital Check was built in collaboration with Strategic Radiology and helps provider groups capture feedback from patients, referrers and other stakeholders in a HIPAA-compliant fashion.
Marty Stempniak has covered healthcare since 2012, with his byline appearing in the American Hospital Association's member magazine, Modern Healthcare and McKnight's. Prior to that, he wrote about village government and local business for his hometown newspaper in Oak Park, Illinois. He won a Peter Lisagor and Gold EXCEL awards in 2017 for his coverage of the opioid epidemic.