Nashville-based InVivoLink has closed a funding round, bringing in a unit of HCA Holdings, and signed a deal with the hospital giant's regional division to install its implant management systems in a dozen hospitals.
Two-and-a-half-year-old InVivoLink's software lets hospitals, doctors and patients track orthopedic and spine implant procedures as well as the rehabilitation after surgery. The company's new deal with HCA's TriStar covers hospitals in Georgia, Kentucky and Tennessee. Its products have been used in two TriStar hospitals — it's not clear which ones — and in “other health systems throughout the country.” Neither InVivoLink nor TriStar officials could be reached prior to publication of this story midday Friday.
“The platform allows HCA to support physicians' practice of evidence-based medicine while improving patient experience, elevating clinical outcomes, and controlling costs,” said Jonathan Perlin, president of clinical and physician services group and HCA's chief medical officer.
InVivoLink did not disclose the size of its Series B funding round but the company in late October filed papers saying it had raised $1.8 million from six investors. HCA’s Health Insight Capital fund invested for the first time while existing investors BlueCross BlueShield Venture Partners and Sandbox Industries also chipped in. In addition to its TriStar work, this funding will help InVivoLink expand its network to more hospital systems and medical disciplines within those facilities.