More Than $ Is Needed for Healthcare IT
Greylock Partners this week invested $4 million in HealthHiway, which was launched two years ago by Apollo Hospitals Group and IBM to provide Web-based software for hospitals, doctors and insurance companies to store and maintain patient records, radio images, insurance claims and similar items. HealthHiway is part of a plan to build a National Health Data Network in India and is looking for more funds. Last week, in California, MedSphere Systems said it raised $12 million to push adoption of its open source electronic health records (which are based on the VA's system) from several venture firms, including Azure Capital, Epic Ventures, Thomas Weisel and others. Hospitals in the U.S. have to adopt electronic health records by 2011 if they want to be eligible for federal stimulus money. National Public Radio this week had a fascinating story on a doctor who's been computerizing her office. It hasn't been quite what she expected --
