Kareo

Kareo

Type	Private
Founded	Irvine, California, United States (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, California company that provides software as a service for independent medical practices. The company offers a cloud computing 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 providers using its technology.^[1][2][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

External links

• Official website