Valant Medical’s Mental Health EHR Closes $937,000 in Funding

The money continues to flow into healthcare IT. Today’s announcement is an interesting funding, because it’s for a pretty niche healthcare IT product. Geek Wire announced that Valant Medical Solutions has closed a $937,000 angel round of funding.

Valant Medical Solutions, which has developed software to help psychiatrists manage billing and electronic medical records at their practices, has scored $937,000 in financing in an oversubscribed round, according to a SEC filing. The deal follows a $1 million round last December.

The timing was interesting since I’d been recently interacting with Valant Medical about possibly advertising across my network of EMR and EHR websites. I’m guessing a good portion of this new funding will go towards marketing their product and increasing their brand recognition.

As someone who has implemented an EMR in the mental health space, I can assure you that it’s quite different from a traditional EMR implementation. A simple example is the way a mental health counselor diagnosis. In mental health they use DSM IV as opposed to ICD-9, but the diagnosis also doesn’t usually change with every visit like it often does in most healthcare offices. Long story short, I think there’s definitely space for a behavioral health EMR to satisfy the unique needs of psychiatrists and counselors.

In the above linked article, I found this comment by David Lischner, founder of Valant Medical, quite interesting:

Our world domination strategy starts: “First with gaining market share, then connecting patients and providers, and lastly with providing a platform for transforming health care service delivery. Network effects will help us sustain market power as we add value to and extract revenue from all types of transactions within behavioral health care.”

I hope that Valant Medical makes it to the second and third things he mentioned. That’s when things should get really interesting.

About the author

John Lynn

John Lynn

John Lynn is the Founder of the HealthcareScene.com, a network of leading Healthcare IT resources. The flagship blog, Healthcare IT Today, contains over 13,000 articles with over half of the articles written by John. These EMR and Healthcare IT related articles have been viewed over 20 million times.

John manages Healthcare IT Central, the leading career Health IT job board. He also organizes the first of its kind conference and community focused on healthcare marketing, Healthcare and IT Marketing Conference, and a healthcare IT conference, EXPO.health, focused on practical healthcare IT innovation. John is an advisor to multiple healthcare IT companies. John is highly involved in social media, and in addition to his blogs can be found on Twitter: @techguy.

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