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QPID

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QPID Health activates clinical intelligence from EHRs and other back end repositories

Boston, United StatesFounded 2012Biotech & Life Sciences
Valuation $50–100M Last recorded · 2014
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About QPID

QPID Health operates as a clinical insights software provider, spun out from Partners HealthCare in late 2012. The company was founded by Michael Zalis and Mitchell Harris in 2011, with Michael J. Doyle later joining as President and CEO in 2012. Doyle, a seasoned executive with a background in healthcare technology and a BS in Biology from Tufts University and an MBA from the University of Chicago, was instrumental in establishing QPID as a commercial entity. The company's creation was a direct response to the challenge faced by clinicians at Massachusetts General Hospital: an overwhelming amount of patient data within electronic health records (EHRs) that was difficult to navigate to find relevant information.

QPID Health targets hospitals and integrated health systems, providing them with a platform that sits on top of their existing EHR systems. The firm's business model is centered on providing its clinical reasoning platform and a suite of applications, including the notable Q-Guide, through a software-as-a-service (SaaS) model, which can be hosted in the cloud or on-premise. Revenue is also generated through annual subscriptions for specific content, such as its 'Grouper' solution for Epic EMR customers. The company's value proposition is to enhance clinician productivity and improve patient care by reducing the time it takes to access and analyze patient information, thereby supporting better-informed clinical decisions.

The core of QPID Health's offering is its clinical intelligence platform, which leverages a powerful combination of natural language processing (NLP), clinical logic, and machine learning. This technology enables the extraction and analysis of pertinent patient facts from both structured data fields and unstructured narrative notes within the longitudinal health record—a significant feat given that up to 80% of crucial information can be buried in free-text notes. A key application, Q-Guide, provides procedure decision support by combining a patient's clinical data with established guidelines and personalized risk models. This is particularly applied to high-cost, resource-intensive procedures in areas like cardiac, vascular, and orthopedic surgery, aiming to ensure procedural appropriateness and reduce costs. In February 2016, QPID Health was acquired by eviCore healthcare, a medical benefits management company, a move intended to accelerate the support for value-based care delivery by integrating QPID's clinical insights with eviCore's care pathways.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2012
Headquarters
Boston, United States
Employees
4
Open positions
None listed
Dealroom signal
82.6/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Risk Management, Biotechnology, Oncology, Surgery, Spinout, DT and LS
Technology
Artificial Intelligence, Deep Tech, Machine Learning, Recognition Technology
Business model
Manufacturing
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Feb 2016 $0 — EviCore healthcare —
SERIES B✓Equity / VC May 2014 $12M $49M New Leaf Venture Partners · Matrix Partners —
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Growth signals

QPID website traffic

Latest recorded traffic for QPID is 50 monthly website visits. QPID's team grew 300% over the past year.

Latest monthly visits50 1-year team growth+300%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

  • Cardinal Partners
  • Partners Innovation Fund
  • Matrix Partners
  • New Leaf Venture Partners

Other known investors3 additional known investors

  • EviCore healthcare
  • Massachusetts General Hospital
  • Partners HealthCare
Team profiled 14 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Boston HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about QPID on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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