Vermont medical imaging services provider DICOM Grid today announced that it raised $6 million in an inside funding round, with investment coming from Canaan Partners, CHL Medical Partners, the Mayo Clinic and several individual investors.
DICOM provides a cloud-based platform that other healthcare organizations use to manage and exchange medical images reliably and securely. The company plans to the new funds to meet growing demand for digital medical imaging services by boosting product development and seeking integration opportunities with electronic medical record providers.
The company sees itself as a potential driver of healthcare cost-savings by allowing care providers to share images rather than duplicate unnecessary diagnostic testing. DICOM estimates that some $10 billion may be saved annually by eliminating redundant and unnecessary imaging.
"Leading healthcare institutions in the U.S. are adopting our technology to improve the lives of patients," CEO Morris Panner said in prepared remarks. "There is a huge demand for an easy workflow that moves imaging data between locations and across disparate systems, all under HIPAA compliance. DG Suite eliminates traditional costs and hassles associated with moving data, which translates to a smoother experience for the patient."