ChartSpan to expand care coordination platform with $16m funding
Provider of digital care coordination tools ChartSpan Medical Technologies has raised $16m to hire a national sales force to expand sales of its platform in South Carolina and across the US, according to CEO Jon-Michial Carter. ChartSpan's platform includes practice management software and mobile patient engagement and records management tools. Last year, the company received $3.2m in funding, which it used to invest in 200 nursing and clinician positions. ChartSpan plans to add another 300 jobs within the next year and a half.

Greenville, South Carolina-based ChartSpan Medical Technologies, which makes digital care coordination tools, has raised $16 million in new capital led by Cypress Growth Capital.

ChartSpan’s platform runs the gamut of practice management software, mobile patient engagement and records management tools. The turn-key service is available to health systems and ambulatory practices throughout the country, enabling them to provide out-of-office healthcare services to their patients.

While the company’s headquarters are in South Carolina, ChartSpan’s main presence is in the Appalachian region. The latest funding will be used to expand out of their current stomping grounds, and the company is particularly focused on the job stimulus their growth will drive in South Carolina. On the heels of a 15-month period during which ChartSpan added 200 jobs, the company now expects to create another 300 in the next year and a half.

“This capital round helps us grow our national footprint,” ChartSpan CEO and cofounder, Jon-Michial Carter, said in a statement. “We currently have a stronghold throughout the Appalachian region. We plan to use these funds to deploy a national sales force and create hundreds of new clinical and technology jobs at our headquarters in Greenville.”

The company focused their last funding round on robust hiring as well, taking their $3.2 million round to create hundreds of nursing and certified healthcare clinician positions. Nationwide, the healthcare industry has been a major job generator for the last decade, and ChartScan is a tech-enabled example of that phenomenon. ChartSpan was part of the Mayo Clinic-sponsored Iron Yard Ventures Healthcare Accelerator Program in 2013 and has steadily worked to establish its footprint as a digital health leader in South Carolina, working with Greenville Chamber’s entrepreneur support program called NEXT and the Greenville Area Development Corporation.

“ChartSpan represents what can happen when public-private investments are made in South Carolina’s technology start-up ecosystem,” Peter Barth, NEXT Board Chair and The Iron Yard founder and CEO said in a statement. “The major capital investment announced today indicates the momentum the company has in the healthcare marketplace and the impact they are making in South Carolina as they move toward 500 jobs in downtown Greenville.”