Winston-Salem based Impathiq Raises $350,000

8/13/17

By Chris Roush, NC BIZ News

A Winston-Salem company that has developed health information systems has raised $350,000 in a private equity offering, according to a filing Friday with the Securities and Exchange Commission.

The company raised the money from one investor, according to the filing.

Proceeds will be used for working capital, which may include compensation to executive officers, the company stated.

Impathiq believes that its system helps clinicians make smarter decisions, reduce health care spending, and improve patient outcomes.

By connecting electronic medical record data with data collected directly from providers, its IQ Engine system helps hospitals and clinicians to implement evidence-based clinical pathways into web applications rapidly.

The company has also developed the HEART Pathway app, a decision tool for patients who present to the emergency room with chest pain.

Its chief executive officer is Iltifat Husain, who has been an assistant professor at the Wake Forest University School of Medicine.

Impathiq was formerly known as Decision Point Informatics, which was the winner of the 2016 NC IDEA award, a $50,000 grant to help accelerate growth of the company.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

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