How Avaneer Health is Building The One Health Data Exchange to Rule Them All – The Health Care Blog

By JESSICA DaMASSA, WTF HEALTH

What Significant thing is Avaneer Health making with its $50 million SEED spherical backed by not-just-buyers-but-also-associates CVS Health, Aetna, Anthem, Cleveland Clinic, HCSC, PNC Financial institution, Sentara Healthcare and IBM Watson Health? CEO Stuart Hanson stops by to clear-up the thriller that IS Avaneer Health, and how the enormous details trade platform it is constructing is intended to join the info coming out of the most significant payers and major companies in healthcare, specifically and in actual-time.

Dangle on – is this the blockchain-based knowledge trade healthcare has been chatting about for extra than a ten years?? It positive is making an attempt to be. And what Stuart says is diverse about Avaneer’s exertion is, in fact, the actuality that it’s backed by some of the biggest brands in the small business and that they see the business situation in becoming able to far more properly share their facts with a single one more. As he points out it, “this dilemma of facts interoperability and details fluidity is larger than any competitive enterprise model that they require to worry about…”

Stuart is cautious to demonstrate what Avaneer IS and what it IS NOT, and this is significant to the company’s development ideas and profits model. Avaneer is NOT a data intermediary it is not about aggregating data, normalizing it, de-figuring out it, or applying any fancy equipment mastering algorithms to it to supply “insights” on it. Avaneer is strictly a system for secure, compliant info exchange, so, for illustration, Anthem can connect to Cleveland Clinic in serious-time and validate insurance policies coverage. The revenue product is currently designed about access to the community and will a person-day-quickly also just take in costs from ‘Solutions Innovators’ (aka details-aggregating, algorithm-loving, insights-dropping health tech businesses) that will offer you their expert services as insert-on’s to Avaneer’s buyers who are plugged into the network.

What is forward for this stealthy start off-up as it scales? Could they Really be on the lookout to raise a abide by-on seed round?? Find out what sort of investors they are seeking for and what is in advance on their merchandise roadmap in this in-depth chat.