Cielo MedSolutions lands $1.3M grant, doubles revenue

Wednesday, November 17, 2010 | Source: Concentrate

Cielo MedSolutions is raking in the revenue and research dollars, which all add up to more jobs for the Ann Arbor-based startup.

The University of Michigan spin-off develops new software for the healthcare industry that ensures doctors connect with their patients when it's time for a checkup, test, or treatment they might otherwise forget. The company and the U-M Health System also received a $1.3 million National Cancer Institute grant to develop and prototype a next-generation clinical quality management solution.

That's on top of Cielo MedSolutions doubling its revenue over the last year, allowing the 4-year-old firm to add two positions. It expects to add another 5-6 people in 2011 as it projects 100 percent revenue growth again this year.

"The market has really evolved toward solutions like what we offer," says Dave Morin, CEO of Cielo MedSolutions. "The market really came on top of us. We have proven that our solutions have value and the market is recognizing it."

Cielo MedSolutions has clients in 11 different states and plans to become a more nationally focused firm in 2011. It's also focusing on rolling out new products and services that revolve around electronic records for the healthcare industry.

Source: Dave Morin, CEO of Cielo MedSolutions
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Related Company

University Of Michigan Health System
1500 E. Medical Center Drive
Ann Arbor, MI 48109 Website
Cielo MedSolutions
3520 Green Ct., Suite 425
Ann Arbor, Michigan 48105 Website