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Health Gorilla Raises $1.2 Million Funding Led by True Ventures To Capitalize on $64 Billion Diagnostic Test Market

Press releases may be edited for formatting or style | August 21, 2014
SUNNYVALE, Ca., August 20, 2014 - Health GorillaTM, Inc., the first online healthcare marketplace to connect doctors and clinicians with over 9,000+ diagnostic labs and 35,000+ radiology centers, has today announced $1.2M in financing led by True Ventures. The capitalization positions Health Gorilla in digital healthcare to continue rapid expansion of its marketplace and capitalize on the explosive $64 billion diagnostic test market.

According to a recent report by Rock Health, 2014 will be a record year for digital health funding with 168% year-over-year growth. Health Gorilla is addressing this burgeoning digital health market opportunity by providing the first online healthcare marketplace to connect all doctors and clinicians with an expanding number of testing labs and radiology centers. Doctors and their teams can instantly place orders, get results, and completely eliminate paper faxes while ensuring compliance.

"Health Gorilla is one of the innovators leading a wave of disruption in a multi-billion diagnostic test market through the development of world class mobile software and cloud based services," said Jon Callaghan, founding partner at True Ventures. "The existing healthcare market is characterized by large, incumbent systems, which are increasingly opaque and cumbersome. The market hasn't kept up with the best innovations in software, and Health Gorilla's system brings speed, transparency and convenience to doctors and patients across the US. We're delighted and pleased to participate as a key Health Gorilla partner and look forward to their continued success."
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"Health Gorilla is one of the innovators leading a wave of disruption in a multi-billion dollar diagnostic test market through the development of world class mobile software and cloud based services," said Jon Callaghan, founding partner at True Ventures. "The existing healthcare market is characterized by large, incumbent systems, which are increasingly opaque and cumbersome. The market hasn't kept up with the best innovations in software, and Health Gorilla's system brings speed, transparency and convenience to doctors and patients across the US. We're delighted and pleased to participate as a key Health Gorilla partner and look forward to their continued success."

Health Gorilla is replacing the clunky and costly process of lab test ordering where each doctor must use many separate systems from individual companies to request diagnostic tests and view results. Health Gorilla has replaced it with a simple and effective solution - a single nationwide online healthcare marketplace that connects doctors to service providers, streamlining orders, and providing real-time access to results. Approximately 72% of all patient record data is diagnostic lab and radiology center test results. The Health Gorilla marketplace is HIPPA compliant and ONCC modular certified MU2 solution is available at absolutely no charge for doctors and clinicians.

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