Bridge Connector Raises $20 Million In 13 Months In Its Attempt To Solve Interoperability Challenges
Bridge Connector, a technology company offering data-driven workflow automation to solve health IT interoperability challenges, has secured an additional $10 million in funding from Axioma Ventures. This brings its total capital raise to $20 million in 13 months of being in business.
Bridge Connector is working to change the way healthcare communicates by connecting disparate data systems quickly and cost-efficiently with their integration-platform-as-a-service (iPaaS) and other solutions, and it plans to close on a series B in fourth quarter 2019. Its business model aims to create an ecosystem where all healthcare organizations, regardless of size, can equitably reap the benefits of connected data systems.
“Bridge Connector is growing at a fast pace because of their unique and specialized solutions to our partners’ needs,” says Howard Jenkins, founding partner of Axioma Ventures and former CEO and president of Publix. “Bridge has exceeded all expectations in quality and in growth, and we fully support the great work that is taking place.”
After being in business just over a year, Bridge Connector has been recognized for their work through several awards, recent ones being the Ohana Partner Award from Salesforce at HIMSS19, the 2019 South Florida Business Journal H. Wayne Huizenga Start Up Award, and they were named to the 2019 Nashville Business Journal‘s Best Places to Work.
“We launched with five people. And in our first year of business, we have grown to 70 team members, with plans to be over 100 strong by the end of this year. ‘Growth’ has been our motto driving everything,” says Bridge Connector founder and CEO, David Wenger.
Wenger is referring to a shared sense of urgency to achieve data interoperability in healthcare, because it has been identified repeatedly by health care executives as one of the most critical areas for improvement as the market shifts to value-based payments, and the lack of interoperability is one of the most pressing issues facing providers and payers today.
Instead of taking months to deploy a traditional integration, Bridge Connector’s products can connect disparate data systems in a matter of days, with a “no-code” platform. Their solutions enable workflow automation in business and clinical use cases, and transparency and true interoperability among providers, payers and most importantly, patients, who increasingly desire more control over their own data to make better-informed care choices and improve outcomes.
“Interoperability is within reach when we re-think health IT integrations from a ‘workflows’ problem-and-solution standpoint,” said Wenger. “This results in a quicker time to value that the market is demanding. We partner with the largest health care organizations in the world, and we are just getting started.”
Bridge Connector will use the new round of funding to further their technology advancements, differentiate product verticals, and continue growing their teams in sales, technology and product.