Vālant Medical Solutions Announces $10.7 Million Private Equity Investment
Funds will Enable Vālant to Bring its EHR and Billing Platform to the Public Behavioral Health Market
SEATTLE--(BUSINESS WIRE)--Vālant Medical Solutions®, Inc., a leading provider of cloud-based, electronic health records (EHR) and e-billing software for behavioral health practices, today announced that it has received an additional $10.7 Million in private equity investment which will enable Vālant to fund future growth in the behavioral health market segment and to broaden its EHR and e-Billing suite capabilities for Public Behavioral Health practices.
“This investment enables us to speed up the development of key features that providers in public behavioral health settings require to comply with their local and state reporting requirements.”
“This investment validates our vision of transforming the quality of behavioral health services through clinician-focused software tools,” said David Lischner, MD, CEO and founder of Vālant. “As we look towards future growth, this additional funding better positions Vālant to help behavioral health practitioners objectively evaluate the results of their treatments with the goal of providing a higher quality-of-care for their patients.”
Vālant has been the leading EHR vendor for private behavioral health practices since 2012 and currently supports 5,000 users in private practice across the U.S., including six public behavioral health practices that have chosen Vālant because of its clinician-focused tools.
“Since our founding in 2005 Vālant’s EHR has been very well received by providers in a private, ambulatory care setting,” explains Ryan Donahue, vice president of engineering and product development. “This investment enables us to speed up the development of key features that providers in public behavioral health settings require to comply with their local and state reporting requirements.”
Vālant will be doubling its development staff and hiring in all departments through the end of 2014.
Vālant® is transforming the quality of behavioral health care in the U.S. through its SaaS electronic health records (EHR) and electronic billing suite for psychiatrists, therapists, and behavioral health professionals. Founded in 2005 by Dr. David Lischner, a psychiatrist, and a team of industry experts, Vālant has grown to be a recognized EHR leader in the private practice behavioral health market, revolutionizing solo clinics and practices. Vālant’s 6.0 platform includes a secure EHR system, e-Billing, Patient Portal, Mobile Notes, along with customizable charting, scheduling, and e-prescribing options tailor-made to fit the specific needs of those within this industry. The system is 2014 ONC-certified for Meaningful Use.