Kareo
 | |
| Private | |
| Founded | Irvine, California, USA (2004) |
| Headquarters |
3353 Michelson Dr. Suite 400 Irvine, CA 92612 |
Key people |
Dan Rodrigues, Founder & Chief Executive Officer |
| Products | Electronic Health Record, Practice Management Software, Billing Services |
| Website | http://www.kareo.com |
Kareo is an Irvine, CA Software-as-a-Service (SaaS)-based medical software platform focused on independent practices. The company offers a cloud-based suite of products and services for Electronic Health Record (EHR) management, medical practice management software, medical billing services (Revenue Cycle Management), and software to help practices engage with their patients. In 2014, the company reported over 30,000[1] medical providers are using Kareo’s software for practice management, medical billing services, and Electronic Health Record management,[2] processing over $6B in medical billing.[3]
History
Kareo was established by former Scour Inc. founder Dan Rodrigues, in 2004.[4] The company is headquartered in Irvine, CA and has offices in Las Vegas, NV and Indianapolis, IN.
In July 2013, Kareo made its first acquisition of a full-service provider of medical billing and associated solutions company, ECCO Health, LLC.[5]
Over the years, the company has received funding from a variety of venture capital firms including CNET founder Halsey Minor's Minor Ventures and OpenView Venture Partners.
On March 14, 2014, Kareo EHR achieved Meaningful Use 2014 Edition Stage 2 certification by the Drummond Group, which is an Office of the National Coordinator for Health Information Technology Authorized Certification Body (ONC-ACB).[6]
Kareo acquired DoctorBase, a mobile-based patient engagement and practice marketing platform on March 10, 2015.[7]
On April 2, 2015, the company announced that it joined Commonwell Health Alliance, a not-for-profit trade association of health IT companies working together to create universal access to health care data.[8]
Recognition
Kareo was named a "Best Company to Work for in 2015" by Glassdoor[9]
For three years in a row (2013, 2014, and 2015), Kareo has been recognized as the number one rated EHR, revenue cycle and practice management application, by Clearwater, FL-based Black Book Market Research.[10][11][12][13] Kareo was also named one of America’s most promising companies by Forbes in 2013[14] and again in 2014.[15]
In 2014, Kareo made the Red Herring (magazine) Top 100 Technology Company in North America list.[16]
Deloitte ranked Kareo in the 2013, 2014, and 2015 Technology Fast 500 Rankings.[17][18][19]
In 2013, Kareo was awarded the "2013 North American Physician Practice Management Customer Value Enhancement Award" by Mountain View, CA-based global growth consulting firm Frost & Sullivan.[20]
The company was deemed one of the fastest growing private companies by Inc. Magazine in 2012, 2013, 2014, and 2015[21][22] and has been named a Top Workplace by the Orange County Register.[23]
Investors
- Montreux Equity Partners, Silver Lake Waterman and some of the company's existing investors provided a $55.4M funding round in 2015.[24]
- Greenspring Associates with participation from OpenView Venture Partners and Silicon Valley Bank invested $29.5M in 2014[25]
- Stripes Group invested $20.5M in 2013[26]
- Greenspring Associates invested $10M in 2011[27]
- OpenView Venture Partners invested $9.5M in 2010[28]
- Investment by OpenView Venture Partners
- Western Technology Investments
References
- ↑ "Kareo nabs $30M to bring cloud tools to medical practices — starting with a free EHR", Venturebeat, January 2014
- ↑ "Kareo Launches Free EMR Software For Improved Billing, Patient Interaction", Becker's ASC Review
- ↑ "Kareo the "Doctor’s Cloud" Secures $29.5 Million in Growth Capital". TechZulu. 2014-01-31. Retrieved 2014-02-07.
- ↑ "Company Overview of Kareo, Inc.", Bloomberg Businessweek'
- ↑ "Kareo acquires medical billing company ECCO Health", ModernHealthcare.com'
- ↑ "Certified Health IT Product List". force.com. Retrieved 2015-07-15.
- ↑ "Med software vendor Kareo expands offerings with acquisition", ModernHealthcare.com
- ↑ "Meditech joins CommonWell, among others", HealthcareITNews.com
- ↑ "50 best companies to work for, according to employees", MarketWatch, Dec 2014
- ↑ "Black Book names leading practice EHRs", Healthcare IT News, May 2014
- ↑ "Cloud Computing to the Rescue?", HIMSS Wire, September 2013
- ↑ "Revenue Cycle Management 2013 Rankings", Black Book Rankings, November 2013
- ↑ "Black Book: Kareo the Top Integrated EHR, Billing Software Vendor", iHealthBeat, June 2015
- ↑ "America's Most Promising Companies 2013", Forbes, February 2013
- ↑ "Signpost on the 2014 Forbes America’s Most Promising Companies List", Signpost, January 2014
- ↑ "Orange County Register", Kareo, SecureAuth and T3 Motion make Red Herring list, June 2014
- ↑ "Technology Fast 500 Rankings 2014", Deloitte, November 2014
- ↑ "Kareo Named on Deloitte's 2015 Technology Fast 500", High Beam Research, November 2015
- ↑ "14 O.C. firms make Deloitte tech list", Orange County Register, December 2013
- ↑ "Frost & Sullivan Recognizes Companies for Growth, Innovation & Leadership", Frost & Sullivan, September 2013
- ↑ "Top Health Companies on the 2012 Inc.", Inc. Magazine
- ↑ "Kareo Named Again to Inc. 5000 List of Fastest-Growing Private Companies", Stripes Group
- ↑ "Orange County Register Top Workplaces 2012", Orange County Register
- ↑ "Kareo Adds $55M In Funding", SoCalTech.com, July 2014
- ↑ "Kareo nabs $30M to bring cloud tools to medical practices — starting with a free EHR", Venture Beat, January 2014
- ↑ "Billing Software Company Kareo Raises $20.5 Million", Health 2.0
- ↑ "Cloud-Based Medical Software Company Kareo Attracts $10 Million Investment Led by Greenspring Associates", PR Newswire
- ↑ "Healthcare Software Company Kareo Attracts $9.5 Million"