Canvas Medical Raises $ 24M for EMR & Payments Platform


What You Should Know:

Canvas Medical, the EMR that enables clinicians and developers to power the future of care delivery, has raised $ 24M in Series B funding led by M13 with participation from Haystack and previous investors Inspired Capital, IA Ventures, Upfront Venturesand Irongrey.

– In addition to this funding, Canvas has achieved federal certification through the Office of the National Coordinator for Health Information Technology (ONC).

A Full-Stack Ambulatory EMR and Digital Health Developer Platform

Founded in 2015, Canvas Medical provides the digital infrastructure for care delivery companies. Its offerings include an ONC-Certified EMR with intuitive care coordination and management workflows, an FHIR API and Workflow SDK that provide industry-leading platform extensibility, and end-to-end RCM functionality. The company works with customers of all care models and verticals, from direct-to-consumer virtual care to at-risk complex care and everything in between.

Canvas enables both established and startup healthcare providers to launch new patient experiences and business models faster. The ONC certification represents a major product milestone for the company: Canvas is one of the first EMRs in the United States to support a standardized patient data API as envisioned by the 21st Century Cures Act. Additionally, with this certification, Canvas customers are now eligible for value-based payment models in Medicare and Medicaid programs, as well as many commercial value-based programs

Strategic Plans & Milestones

Canvas is reimagining the EMR for the future of healthcare. Customers include care delivery companies like a mental health startup that uses Canvas to create custom clinical pathways, support telehealth scheduling and charting, and drive care team collaboration with their patient app); and a primary care provider for adults 65+ that uses Canvas to embed clinical workflows into the point of care and enables patients to communicate with providers through Canvas’s APIs. Canvas’s suite of products are highly customizable by developers, seamless for providers, and gives care delivery companies full control over their patient experience.

“The healthcare industry is at an inflection point: software developers are now de facto members of the care team at leading care delivery companies. With new entrants coming to market daily and established players investing in innovation, Canvas is a best-in-class platform partner for the full spectrum of those building new models of care, ” says Andrew Hines, Founder and CEO of Canvas Medical. “It is inspiring to see at each of our client organizations how their clinicians and developers work together in Canvas to build and refine the best possible model of care for the patients they serve.”

Since launching its self-serve suite of developer tools last fall, Canvas has seen more than 300% growth in customer accounts. With this funding, Canvas will continue to invest in bringing additional enterprise-grade capabilities to market, including security and governance features that put Canvas at the cutting-edge of extensibility and interoperability.

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