Behavioral health electronic record company Qualifacts Systems announced it has received a majority investment from Boston-based Great Hill Partners.
The investment, terms of which were not disclosed in a release, will accelerate product development and expand sales and marketing efforts for the downtown company.
"Qualifacts has emerged as a recognized leader in behavioral healths outcomes, but there's more we want to do to ensure that our customers are successful for the long-term," said David Klements, Qualifacts president and CEO. "To help us maximize our full potential, Qualifacts management wanted a financial partner with the right experience and resources. Great Hill was a perfect fit and we've already hit the ground running."
Future product initiatives are expected to support health reform needs, including coordinated care and new payment models. The company is also identifying strategic partnerships and acquisition opportunities.
"We believe Qualifacts has tremendous growth potential as behavioral health providers seek ways to manage increasing patient volume along with highly dynamic state and federal funding requirements," said Rafael Confiño, Great Hill principal.
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