Durham-based ELXR Health, which has a digital platform for managing consent forms between doctors and patients, has raised $10,000 in a small equity round, according to a regulatory filing.

The company’s digital platform makes the normal paper-driven consent process more efficient and less costly and more secure.

A Startup Factory company, ELXR was one of eight companies selected to pitch at the Rise of the Rest showcase in May.

In an article by Amy Huffman for our partner site Exit Event in early May, co-founders Paul Emanuel and Clinton Racine said the name of the company is a homage to their love of role-play video games in which elixirs were often game-winning cure-alls. (http://www.exitevent.com/article/this-durham-startups-elxr-could-reform-health-data-exchanges-150501).

Both are North Carolina natives who met while working as computer engineers for the Cumberland County school system.

According to the Exit Event article:

“The solution works like this: A patient that falls into the sensitive information category—meaning he or she has mental health, substance abuse, or behavioral health (including STD’s) issues—logs into a portal in ELXR Health’s system. Once inside the portal, the patient creates and signs a consent form and specifies the specific data to share with healthcare providers.”

In pilot tests with a client in Maryland, using the software to facilitate the exchange of information on 7,000 patients between the local health department and hospitals in the community, the results were astounding, Exit Event reported.

“ELXR’s portal empowers the doctors to better coordinate care for patients, limiting redundancy in processing their health data and helps ensure they see the right doctor or specialist—instead of constantly landing in the emergency room—when they require care. For every patient under the age of 17, the technology saved the insurer $26 a year. And for patients 18 and older, ELXR saved $135 per patient a year,” Huffman wrote.

The company disclosed the financing in a filing with the U.S. Securities and Exchange Commision. Here’s the filing: http://www.sec.gov/Archives/edgar/data/1656581/000165658115000001/xslFormDX01/primary_doc.xml

For the full Exit Event story see: http://www.exitevent.com/article/this-durham-startups-elxr-could-reform-health-data-exchanges-150501

On the web: http://www.elxrhealth.com/