Altarum Leads $1 Million Investment Round in Cielo MedSolutions
Ann Arbor, MI (PRWEB) November 27, 2007 -- Altarum, the nonprofit health system research institute and Cielo MedSolutions, a healthcare software startup, today jointly announced the formation of a multifaceted strategic alliance.
As the cornerstone of the new arrangement, Altarum is serving as the lead investor in Cielo?s current round of financing, providing $500,000 of a $1 million total round finalized this week. Other investors in this round are the Michigan Pre-Seed Capital Fund ? which announced a $250,000 investment this week ? and Automation Alley, the Southeast Michigan economic development agency, whose $250,000 investment in Cielo was announced earlier this year. As part of the alliance, Cielo has relocated its offices to Altarum?s Ann Arbor, Michigan headquarters building. Altarum and Cielo have also signed a multi-year, exclusive, teaming agreement to collaborate on government-funded projects that align with the research, technical and consulting strengths of the two organizations.
?Altarum solves complex systems problems in health care by integrating research, technology, analysis and consulting skills,? said Linc Smith, Altarum president and CEO. ?Our interest in Cielo MedSolutions is based on their innovative technical approach to using Web-based software to improve clinical quality (www.cielomedsolutions.com/products.asp). What we have seen in Cielo leads us to believe that the company has the potential to drive meaningful and lasting improvements in the management of chronic disease. Enabling promising health technology companies such as this one is one small but important way in which we advance our mission to improve our nation?s health.?
?Altarum is an ideal partner for us,? commented Dave Morin, Cielo?s President and CEO. ?They understand U.S. healthcare at a systems level, and the combination of their national reach, reputation for objective research, and analysis and broad expertise with the public sector will be invaluable in helping us drive the successful adoption of clinical quality management systems.?
Cielo Clinic, the company?s flagship web-based application, helps primary care physicians to deliver efficient, high-quality care for all patients through point-of-care prompts and reminders of services due. Incorporating a multi-dimensional, multi-problem disease registry (www.cielomedsolutions.com/products.asp), Cielo Clinic?s robust search and report-generation tools enable clinicians to proactively manage their entire patient population, tracking all care measures. Currently in use with customers ranging from the ambulatory care clinics of large health systems to private medical practices and rural hospitals, Cielo Clinic helps providers dramatically improve their performance with respect to the screening, prevention and management of chronic diseases (www.cielomedsolutions.com).
About Altarum Institute
Altarum Institute (www.altarum.org) is a nonprofit health systems research institute. Altarum helps government clients research and apply health systems solutions to improve our nation?s health.
About Cielo MedSolutions
Cielo MedSolutions (pronounced ?see EL oh,? Spanish for sky or heaven ? www.cielomedsolutions.com) is a rapidly-growing provider of healthcare software and Web applications. Founded in Ann Arbor, Michigan in 2005, Cielo is pioneering a new category of healthcare IT known as clinical quality management systems (CQMS). The company?s web-based Cielo Clinic? supports disease registries, quality improvement, pay-for-performance and clinical integration initiatives, helping ambulatory care physicians to improve, document and report on clinical care.
Contact for Cielo MedSolutions
Christine Slocumb
Clarity Quest Marketing
(734) 864-4094
chris @ clarityqst.com
Contact for Altarum Institute
Jeff Moore
(703) 575-1685
jeff.moore @ altarum.org
###
Related Articles:
Evergreen Systems Announces Interview with Bank Systems and Technology on Asset Management and Release of Asset Management White Paper
Evergreen Systems today announced that Partner Tony Iannetta was interviewed in Bank Systems and Technology's December issue on asset management in banking.
You Dont Want Bank of America Locations, Join Bank Of America World Wide Web Banking
If you are asking for Bank of America locations and you are finding it not simple, try bank of America online banking instead of looking off line. Online banking services are greatly becoming the way to easily access corporations from any part of the worldI can assure you that with online banking there is not need to look for Bank of America locations.
Panama Banks Assets and Profits Growing at Record Pace
Introduction - At the end of May 2007 it has been reported that the Panama Banks have collective assets of over $55,000,000,000 (55 Billion dollars). This is 17% higher than the preceding year (2006). Seventeen percent is very respectable growth by any standards.
Sutherland Global Services to Provide Data Management Services for Deutsche Bank
Sutherland Global Services, a leading multi-national Business Process Outsourcing (BPO) provider, today announced that it has been selected by Deutsche Bank to provide data management services for its North American operations.
What Are The Effects Of Holding Bank Account And Assets After Bankruptcy
When you go bankrupt life for attaining credit is very difficult. Many companies are wary of loaning money, or even allowing you to open a bank account on the basis of your bankruptcy. You will need to search for a bank that will allow you to open a new bank account. The bank may impose conditions and limits for this bank account. They may limit the amount of money you are allowed to withdraw and state that you need to keep a certain amount in the account to avoid fees.
Gold Investment Companies - Investing In Tangible Asset Classes
Everybody wants to choose the best financial solution for his money and the investment scheme that will guarantee the biggest gains and the surest way to get there. There are many investment solutions on the market and as many investment schemes: you can invest your money in stock, in real estate, in mutual funds, gold investment companies. You can choose to invest your money yourself or you can trust your funds to a specialized broker whose job is to find the best solution for you.
Wholesale Banking - Banking For Merchant Banks And Other Financial Institutions
Wholesale banking is often defined as banking services which are provided between merchant banks and other financial institutions Although, wholesale banking is also a term referred to the wide range of financial services that are provided by financial institutions to various businesses and corporations as well as the government
mFoundry Releases Mobile Banking Product Offering Banks Full Online Banking Functionality Securely via Mobile Devices
Some of the world's largest banks collaborate with mFoundry to bring mobile banking to mainstream wireless consumers in 2007
American Momentum Bank Releases Two New Banking Services
American Momentum Bank has announced the release of two new banking services.
Offshore Banking As Asset Protection
An offshore bank account will allow you to securely and personally explore, with few restrictions, the far reaches of the immense and diverse financial universe; from the relationship markets of Korea to the stock transactions of Eastern Europe; from ultra-private Liechtenstein trust arrangements to the most financially good funds; from unique commodity investments to Caribbean corporations; from Israeli nanotech start-ups to ancient European blue-chips; from the strange and secretive world of offshore mutual funds to tax-free Swiss gold accounts; from Isle of Man Insurance contracts to Danish multi-currency paid into accounts; from one of a kind structured tax-free Austrian money to Bulgarian mortgages; and much more further on. Diversify ...
