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April 18, 2005

RMD raises $3m for its healthcare communication network

Denver, Colorado-based RMD Networks has secured $3m in Series A financing to fund a technology that promotes improved system communication within the healthcare community.

By CBR Staff Writer

The Collaborative Care Networks (CCN), launched in 2001, is a web-based system that interconnects physicians, patients and other members of the healthcare community in an effort to facilitate communication and interoperability within the healthcare system.

The investment was led by Sevin Rosen Funds, a venture capital firm, and facilitated through a partnership with Vesalius Ventures, a telemedicine venture capital accelerator.

The national push toward physicians and practices implementing electronic medical records is the first step in providing a truly integrated medical care system, said Bernard Harris, president of Vesalius Ventures. RMD’s Collaborative Care solution provides the interconnectivity that will improve quality and lower healthcare costs.

RMD said it plans to use the new funding to expand sales and to increase awareness of the network.

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