TigerText, which offers secure mobile messaging to healthcare companies, announced an $8.2 million round of funding led by Easton Capital and New Science Ventures. This second round of funding brings the company’s total backing to more than $10 million.
The Santa Monica-based company’s flagship product, TigerText Pro for Business, enables HIPAA-compliant messaging between nurses, physicians, and other clinicians. More than 20 healthcare groups are using TigerText’s mobile messaging network today. The service runs on a number of mobile platforms, including Apple iOS, Android, and BlackBerry.
“Our strong sales pipeline attests to the growing recognition that hospitals and physician practices need to provide doctors, nurses and other clinicians with a HIPAA-compliant alternative to unsecured texting,” stated Brad Brooks, co-founder of TigerText.
Last year Brooks said that more than 70 percent of US physicians use text messages to discuss cases and exchange patient information with other physicians. Brooks made the comments during an online presentation last October. Soon after the Joint Commission added a comment to their FAQ that stated text messaging was an unacceptable form of communication for physicians:
“No it is not acceptable for physicians or licensed independent practitioners (LIPs) to text orders for patients to the hospital or other healthcare setting. This method provides no ability to verify the identity of the person sending the text and there is no way to keep the original message as validation of what is entered into the medical record,” the comment reads.
TigerText also offers a free consumer chat app for iPhones that lets users send messages to each other that “disappear” once they are read. Time Magazine called the app “stupidity insurance” while others said it was the perfect app for cheating spouses.
TigerText added two of its new investors to its board: John Friedman, Managing Partner of Easton Capital, and Somu Subramaniam, Managing Partner of NSV.
More details in the press release below: Keep reading>>