Employee health record company secures £2.25m investment
Employee health record software company Medical Management Systems (MMS) has secured a £2.25 million investment from alternative lender Boost & Co.
Medical Management Systems offers the Meddbase online practice management and patient record system, available securely via any web-enabled device. To date, the software has processed more than 16 million patient records and holds more than 900 million patient appointments, processing more than £1 billion in revenue for its customers, which include UnitedHealthcare, Bupa, and the NHS.
MMS stated that the investment will allow it to continue to develop its online platform, as well as expand its capabilities to secure contracts in new geographical markets and verticals. The company also anticipates the creation of several development roles within the business.
Oliver Reece, principal at Boost & Co said: “MMS represents a great example of how investment can accelerate growth and we are pleased to support the business as it expands internationally and pursues a strategy that is clear and well thought through.”
Will Temple, managing director at MMS, added: “Since 2004 we have been pioneering the development of cloud-native systems capable of managing every aspect of medical businesses securely online. Our mission to join up healthcare processes, using our market-leading platform Meddbase, has been built on continuous innovation. There is always more work to be done to remain at the forefront of technological advances in healthcare, and this investment from Boost & Co will enable us to continue to expand the product offering and further grow the business.”