Kyruus, a Boston-based vendor of provider capacity management software, has reeled in $25 million in fresh venture capital. The Series C round, the first infusion of cash since January 2013, brings the company’s total raise to $41.5 million, according to AngelList.
New Leaf Venture Partners led the round, joined by new investors Providence Health & Services, Leerick Capital Partners and McKesson Ventures, Kyruus said. Previous investors Venrock, Highland Capital Partners, Lux Capital and Fidelity Biosciences also participated.
Kyruus said it would apply some of the money to beef up sales efforts and support installation of its flagship ProviderMatch suite. As the name implies, ProviderMatch seeks to improve the process of pairing patients with the right healthcare professionals, leading to smoother referrals and increased patient capacity.
“Kyruus taps into a health system’s rich composite of data – including patient preferences, provider specialties, outcomes and availability – and optimizes its referral streams and scheduling activities, letting providers focus on delivering patient care,” McKesson Ventures Managing Director Tom Rodgers explained.
Kyruus said that some of its clients have seen provider productivity increase by as much as 10 percent since implementing ProviderMatch.