QuantiaMD closes $12m expansion round

Waltham-based QuantiaMD, an online physician community and collaboration platform, announced Tuesday that it has closed a $12 million expansion round from existing investor, Fuse Capital.

The funding will be used to meet the growing demand from payers and health systems that need to engage and align physicians to achieve important objectives and goals that lead to improved quality of care, the company said in a press release.

“Most health plans and hospitals still rely heavily on homegrown portals, fax, and mail to communicate with physicians,” company chief executive Eric Schultz said in a statement. “These methods are time-consuming, antiquated, and ineffective, given how physicians work today. Our scalable platform is fully mobile and easy to leverage for clients who need to engage physicians in fast, high-quality interactions that drive education and positively impact clinical behavior.”