Medical Informatics Corp
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2023 |
---|---|---|---|---|---|
Revenues | 2.1m | 2.9m | 4.4m | 4.7m | 15.2m |
% growth | - | 38 % | 52 % | 7 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$11.9m | Series A | ||
$10.0m | Debt | ||
* | $17.0m | Series B | |
Total Funding | €26.3m |
Recent News about Medical Informatics Corp
EditMedical Informatics Corp. (MIC) operates in the healthcare technology sector, providing advanced solutions for critical care environments. The company's core product, Sickbay, is a virtual ICU platform that integrates cardiac monitoring and ventilator data from various vendors into a single, cohesive view. This allows healthcare providers to monitor up to 100 patients on a single screen across different units and facilities. MIC's platform enhances clinical decision support by enabling one-click sharing of patient trends with peers and specialists, and supports evidence-based care decisions by providing comprehensive patient history throughout their entire stay. The company primarily serves hospitals and healthcare facilities, aiming to improve patient outcomes and operational efficiency. MIC's business model includes software subscription licenses and implementation fees, although they have initiatives like the Rapid Deployment Program, which waives fees for initial periods to support hospitals during crises like the COVID-19 pandemic. The company generates revenue through these subscriptions and partnerships, such as their collaboration with Intel to fund Sickbay deployments.
Keywords: virtual ICU, patient monitoring, clinical decision support, healthcare technology, multi-vendor integration, critical care, patient analytics, COVID-19 response, hospital efficiency, Intel partnership.