By JESSICA DaMASSA, WTF Wellness
What Big thing is Avaneer Health developing with its $50 million SEED spherical backed by not-just-investors-but-also-companions CVS Wellbeing, Aetna, Anthem, Cleveland Clinic, HCSC, PNC Bank, Sentara Health care and IBM Watson Wellbeing? CEO Stuart Hanson stops by to clear-up the thriller that IS Avaneer Wellness, and how the massive info exchange platform it’s developing is meant to hook up the information coming out of the largest payers and greatest suppliers in health care, specifically and in authentic-time.
Cling on – is this the blockchain-primarily based knowledge exchange health care has been chatting about for extra than a 10 years?? It confident is striving to be. And what Stuart claims is distinct about Avaneer’s effort is, in fact, the truth that it’s backed by some of the largest brand names in the company and that they see the company case in remaining capable to more correctly share their information with just one an additional. As he points out it, “this challenge of facts interoperability and knowledge fluidity is more substantial than any aggressive company model that they will need to fret about…”
Stuart is watchful to make clear what Avaneer IS and what it IS NOT, and this is crucial to the company’s expansion plans and earnings model. Avaneer is NOT a info middleman it is not about aggregating info, normalizing it, de-determining it, or making use of any extravagant equipment finding out algorithms to it to provide “insights” on it. Avaneer is strictly a system for safe, compliant knowledge exchange, so, for example, Anthem can hook up to Cleveland Clinic in actual-time and validate insurance policy coverage. The earnings design is currently constructed around entry to the network and will one-working day-soon also consider in fees from ‘Solutions Innovators’ (aka information-aggregating, algorithm-loving, insights-dropping well being tech companies) that will offer you their products and services as add-on’s to Avaneer’s consumers who are plugged into the network.
What’s forward for this stealthy begin-up as it scales? Could they Definitely be hunting to increase a comply with-on seed round?? Locate out what kind of buyers they’re searching for and what’s in advance on their product roadmap in this in-depth chat.
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