Halfpenny Technologies

Halfpenny Technologies

Healthcare connectivity and integration solutions for hie, clinical data exchange, and cpoe. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD14—21m (Dealroom.co estimates Feb 2012.)
West Whiteland Township Pennsylvania (HQ)
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DateInvestorsAmountRound

$2.6m

Series A

$2.3m

Series A
Total FundingAUD7.6m

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Halfpenny Technologies, accessible via halfpenny.com, is a cutting-edge company specializing in real-time, web-based business intelligence (BI) solutions for the healthcare industry. The company primarily serves health plans, payors, and healthcare organizations, helping them manage patient care and track quality performance using industry-standard measures.

Halfpenny's core offering is its Clinical Data Exchange platform, a secure and scalable rules-based engine. This platform allows clients to exchange clinical data accurately, effectively, and consistently with a variety of sources. The platform is vendor-neutral, meaning it can work with different electronic health record (EHR) and electronic medical record (EMR) systems, thanks to pre-built adapters compatible with 95% of these vendors. This feature ensures rapid deployment and scalability of their fully managed service.

The company also offers a computerized provider order entry (CPOE) interface and a hospital alert notification solution. The CPOE interface helps streamline the process of entering medical orders, while the hospital alert notification solution provides real-time, customized information about hospital events. These tools are designed to improve data performance and patient care outcomes.

Halfpenny has processed over 600 million clinical data transactions since 2016 and serves more than 2,100 healthcare organizations. Their solutions have demonstrated significant improvements in performance metrics, such as increasing lab data results for patients on persistent medications from the 25th to the 90th percentile within a year. Additionally, their electronic clinical data exchange has shown up to a 10x return on investment (ROI) by expediting Risk Adjustment Factor revisions.

The business model of Halfpenny Technologies revolves around providing subscription-based access to their BI engine and data exchange platform. They make money through these subscriptions and by offering additional services and solutions tailored to the specific needs of their clients.

In summary, Halfpenny Technologies is a leader in healthcare data management, offering interoperable, scalable, and secure solutions to improve patient care and organizational efficiency.

Keywords: Healthcare, Data Exchange, BI Engine, EHR, EMR, CPOE, Hospital Alerts, Interoperable, Scalable, ROI.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Halfpenny Technologies

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Laboratory Management Services
ACQUISITION by Halfpenny Technologies Jun 2010