the Milwaukee area, and Long hopes to open an office here “as soon as possible.”
Some might ask why ConsortiEX doesn’t cluster its operations in Boston, or even Madison, WI. Madison, after all, is the home of the University of Wisconsin and Epic Systems, a leading electronic health records software provider. Epic, despite its reputation for being a closed-off system, is an early ConsortiEX partner who has been helpful integrating its data with the startup’s, Long says.
He says ConsortiEX chose to open a Milwaukee office partly because that’s where most of its team lives, and there are several large hospital systems that could become customers.
ConsortiEX may hire up to 77 people in Milwaukee in the next three years, aided by a $250,000 WEDC loan. The company also secured a Wisconsin certification that makes its investors eligible for a 25 percent tax credit.
Investors have so far committed more than $1 million to the company’s next round of funding, Long says, which will allow ConsortiEX to finish developing one of its software products and launch in a handful of hospitals. It has already finished developing a second software product, he adds.
“There are many hospitals we’re talking to right now,” Long says. “The feedback we get is very positive.”
