Parker Health Raises $25 Million Series A Led by Bias Capital

Vincent Lopez

Parker Health, which is building digital technologies to simplify healthcare delivery, has raised $25 million in a Series A round led by Bias Capital, a group of angel investors.

Founded by Mexican American Vincent Lopez, the minority-led company has dual headquarters in Washington, D.C. and Dallas, Texas. It has so far raised $26.3 million from investors. Lopez, who made it to the Forbes 30 Under 30 this year, is a managing partner and director at L’PAJ Ventures, a boutique minority-owned investment firm, and serves on the Dean’s Council of the NYU School of Global Public Health.

First to be FIHR-compliant

Parker Health has developed a health management system called Parker Suite, which it claims is America’s first system built on Fast Healthcare Interoperability Resources, or FIHR, standards. The adherence to the FIHR standards means Parker Health is interoperable and compliant with various other platforms.

The cloud-based Parker Suite unifies patient-centric data, biometrics, diagnostic tools, patient outcomes, care delivery, practitioner engagement, pharmaceuticals and other features. Parker Health’s clients include Microsoft and Google, and the company itself is a member of the Sequoia Project, a nationwide health information exchange.

Earlier this year, Parker Health named Philip McDonald, MD, as the company’s first chief medical officer to drive development of Parker Suite and other products. A board-certified diagnostic radiologist and member of the American Board of Radiology, McDonald is the CEO and founder of PrimeTime Radiology, where he serves professional athletes and sports teams.

McDonald will advise the company on further developing the Parker Suite to fully meet the needs of patients, doctors and other healthcare workers, and oversee ParkerCare, a pioneering healthcare subscription program. McDonald “brings robust and relevant healthcare and executive experience to our team. His commitment to advancing medicine, increasing accessibility, and community health is pivotal to our mission,” said Lopez.

Bias Capital’s general partners Maximillian Naza and Senga Rutebuka are based in Los Angeles and Detroit, Mich., respectively. Naza describes himself as a startup enthusiast and has worked at Kleiner Perkins, both as a software engineer as well as a venture scout. Rutebuka has served as Techstars’ sourcing investment associate.