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Health care software firm raises $1.15 million

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Indianapolis-based PolicyStat LLC has raised $1.15 million in angel capital, the company announced Tuesday.

The company sells software as a service to health care providers to help them manage and communicate the latest regulations, accreditation mandates and insurance requirements that determine the policies workers must follow.

The money came from 31 individuals, some of which are part of the Halo Capital Group, an Indianapolis-based group of retired executives and entrepreneurs that invest in startup companies. Halo’s investment of an undisclosed amount had been announced in January.

PolicyStat also drew in money from the company’s executives and some local physicians. Also, Christopher Clapp, who was CEO of Indianapolis-based Angel Learning Inc., joined PolicyStat’s board of managers.

PolicyStat plans to use the money to fund its operations as it seeks to sign up more customers. One of its most notable clients is the St. Vincent Heart Center of Indiana.

“We are excited about both the operating capital we raised and the people who participated in the round because each will play a role in our future success,” said PolicyStat President Steve Ehrlich in a prepared statement.
 

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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

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