Allocade nabs $5M in financing

AuntMinnie.com staff writers
Mar 25, 2010

Healthcare software developer Allocade of Menlo Park, CA, has landed $5 million in venture capital financing.

Allocade will use the investment by VantagePoint Venture Partners to meet increased demand for its On-Cue workflow software package, according to the firm.

On-Cue optimizes hospital patient flow for inpatients, outpatients, and emergency patients by using technology developed to manage workflow on the Hubble Space Telescope. It uses information already available in hospital information systems, radiology information systems, and electronic medical record systems, Allocade said.

Related Reading

Allocade signs UCSD, November 17, 2009

Allocade adds client, October 9, 2009

Allocade completes PA installation, February 17, 2009

Allocade notches first commercial On-Cue install, October 29, 2008

Allocade applies space technology to radiology scheduling, September 17, 2008

Copyright © 2010 AuntMinnie.com

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